Class 11 Business Studies MCQ Chapter 11 International Business Solutions to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Business Studies MCQ Chapter 11 International Business Question Answer and select need one. NCERT Class 11 Business Studies MCQ Chapter 11 International Business Solutions Download PDF. AHSEC Class 11 Business Studies Multiple Choice Solutions.
Class 11 Business Studies MCQ Chapter 11 International Business
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Business Studies Objective Type Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Business Studies Multiple Choice Question and Answer, HS First Year Business Studies MCQ Solutions for All Chapters, You can practice these here.
International Business
Chapter: 11
| MCQ |
1. In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee-
(i) Licensing.
(ii) Contract manufacturing.
(iii) Joint venture.
(iv) None of these.
Ans: (i) Licensing.
2. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as-
(i) Leasing.
(ii) Franchising.
(iii) Contract manufacturing.
(iv) Joint venture.
Ans: (iii) Contract manufacturing.
3. International business helps in improving a country’s:
(i) Isolation.
(ii) Resource wastage.
(iii) Growth prospects and employment potential.
(iv) Limiting resource use.
Ans: (iii) Growth prospects and employment potential.
4. When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as-
(i) Contract manufacturing.
(ii) Franchising.
(iii) Joint ventures.
(iv) Licensing.
Ans: (iii) Joint ventures.
5. Which of the following is not an advantage of exporting?
(i) Easier way to enter into international markets.
(ii) Comparatively lower risks.
(iii) Limited presence in foreign markets.
(iv) Less investment requirement.
Ans: (iii) Limited presence in foreign markets.
6. Which one of the following modes of entry requires a higher level of risks?
(i) Licensing.
(ii) Franchising.
(iii) Contract manufacturing.
(iv) Joint venture.
Ans: (iv) Joint venture.
7. Which one of the following modes of entry permits the greatest degree of overseas operations?
(i) Licensing/ franchising.
(ii) Wholly owned subsidiary.
(iii) Contract manufacturing.
(iv) Joint venture.
Ans: (iii) Contract manufacturing.
8. Which one of the following is not among India’s major export items?
(i) Textiles and garments.
(ii) Gems and Jewellery.
(iii) Oil and petroleum products.
(iv) Basmati rice.
Ans: (iv) Basmati Rice.
9. Which one of the following is not amongst India’s major import items?
(i) Ayurvedic.
(ii) Oil and petroleum products.
(iii) Pearls and Precious stores.
(iv) Machinery.
Ans: (i) Ayurvedic.
10. Which one of the following is not amongst India’s trading partners?
(i) USA.
(ii) UK.
(iii) Germany.
(iv) New Zealand.
Ans: (iv) New Zealand
11. Which of the following documents are not required for obtaining an export licence?
(i) IEC number.
(ii) Letter of credit.
(iii) Registration cum membership certificate.
(iv) Bank account number.
Ans: (ii) Letter of credit.
12. International business helps countries make better use of their resources by:
(i) Producing all goods domestically.
(ii) Trading surplus goods efficiently.
(iii) Reducing production.
(iv) Limiting foreign trade.
Ans: (ii) Trading surplus goods efficiently.
13. Which of the following documents is not required in connection with an import transaction?
(i) Bill of lading.
(ii) Shipping Bill.
(iii) Certificate of origin.
(iv) Shipment advice.
Ans: (iv) Shipment advice.
14. Which of the following do not form part of the duty drawback scheme?
(i) Refund of excise duties.
(ii) Refund of customs duties.
(iii) Refund of export duties.
(iv) Refund of income dock charges at the port of shipment.
Ans: (iv) Refund of income dock charges at the port of shipment.
15. Which one of the following is not a document related to fulfilling the customs formalities.
(i) Shipping bill.
(ii) Export licence.
(iii) Letter of Insurance.
(iv) Proforma invoice.
Ans: (iv) Proforma Invoice.
