We have compiled NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared according to the latest question paper pattern. Practicing these International Business Class 11 Business Studies MCQs Questions with Answers really effective to improve your basics and learn all the key concepts.
International Business Class 11 MCQs Questions with Answers
Objective Type Questions
Question 1.
Which document is not necessary for getting license:
(a) IPC number
(b) Credit letter
(c) Registration cum membership certificate
(d) Bank account number.
Answer
Answer: (b) Credit letter
Question 2.
Which is not related to money refund policy :
(a) Refund of production expenses
(b) Refund of excise duty
(c) Refund of export duty
(d) Duty at loading port
Answer
Answer: (d) Duty at loading port
Question 3.
Which is not a part of export related documents:
(a) Commercial invoice
(b) Certificate of origin
(c) Entry bill
(d) Mate’s receipt
Answer
Answer: (c) Entry bill
Question 4.
Which document is made by the exporter which contains details of the goods to be sent by ship like name of the sender, number of packages, shipping bill, des-tination port, name of ship, etc.
(a) Shipping bill
(b) Packaging list
(c) Mate’s receipt
(d) Bills of exchange.
Answer
Answer: (c) Mate’s receipt
Question 5.
Which is not a member of World Bank group:
(a) International Bank of Development and Reconstruction
(b) Multiple Investment Guarantee Agency
(c) International Development Union
(d) International Monetary Fund.
Answer
Answer: (d) International Monetary Fund.
Question 6.
In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trade mark to a manufac¬turer in a foreign country for a fee :
(a) Licensing
(b) Contract manufacturing
(c) Joint venture
(d) None of these.
Answer
Answer: (a) Licensing
Question 7.
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:
(a) Contract manufacturing
(b) Franchising
(c) Joint ventures.
(d) Licensing.
Answer
Answer: (c) Joint ventures.
Question 8.
Which one of the following modes of entry requires higher level of risks:
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture.
Answer
Answer: (d) Joint venture.
Question 9.
Which one of the following modes of entry brings the firm closer to international markets:
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture.
Answer
Answer: (d) Joint venture.
Question 10.
Which one of the following is not amongst India’s major import items:
(a) Ayurvedic medicines
(b) Oil and petroleum products
(c) Pearls and precious stones
(d) Machinery
Answer
Answer: (a) Ayurvedic medicines
Question 11.
Which is related to World Bank:
(a) ICICI
(b) Ex-Im Bank
(c) IDA
(d) Asian Development Bank.
Answer
Answer: (c) IDA
Question 12.
GATT was implemented on:
(a) 30 October, 1947
(b) 15 March, 1947
(c) 26 April, 1945
(d) 12 May, 1947.
Answer
Answer: (a) 30 October, 1947
Question 13.
The scope of WTO as compared to GATT is:
(a) Wide
(b) Narrow
(c) Equal
(d) None of these.
Answer
Answer: (a) Wide
Question 14.
For membership of World Bank it is necessary to be the member of:
(a) Member of IMF
(b) Member of UNCTAD
(c) Member of WTO
(d) Member of UNO.
Answer
Answer: (a) Member of IMF
Question 15.
Characteristics of EPZ:
(a) Established in special region
(b) Established by government
(c) Entry in good industrial units
(d) All the above.
Answer
Answer: (d) All the above.
Question 16.
Which document is not required for import:
(a) Shipping builty
(b) Shipping bill
(c) Certificate of origin
(d) Loading information.
Answer
Answer: (a) Shipping builty
Question 17.
Which is not a part of custom documentation process:
(a) Shipping bill
(b) Export license
(c) Insurance letter
(d) Proforma invoice.
Answer
Answer: (d) Proforma invoice.
Question 18.
When goods are loaded on the ship, then the captain of the ship issues a receipt which is called:
(a) Shipping receipt
(b) Mate’s receipt
(c) Loading receipt
(d) Receipt of rent of bill.
Answer
Answer: (b) Mate’s receipt
Question 19.
The document in which the bank gives guarantee to make the payment of exporter’s bill:
(a) Mortgage letter
(b) Credit letter
(c) Shipping builty
(d) Bills of exchange.
Answer
Answer: (b) Credit letter
Question 20.
TRIP is one of the WTO agreements that deals with:
(a) Agricultural trade
(b) Service trade
(c) Trade related investment measures
(d) None of these.
Answer
Answer: (d) None of these.
Question 21.
Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as:
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture.
Answer
Answer: (c) Contract manufacturing
Question 22.
Which of the following is not an advantage of exporting:
(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements.
Answer
Answer: (c) Limited presence in foreign markets
Question 23.
Which one of the following modes of entry permits greatest degree of control over overseas operations:
(a) Licensing/franchising
(b) Wholly owned subsidiary
(c) Contract manufacturing
(d) Joint venture.
Answer
Answer: (d) Joint venture.
Question 24.
Which one of the following is not amongst India’s major export items :
(a) Textiles and garments
(b) Gems and jewellery
(c) Oil and petroleum products
(d) Basmati rice.
Answer
Answer: (c) Oil and petroleum products
Question 25.
Which one of the following is not amongst India’s major trading partners:
(a) USA
(b) UK
(c) Germany
(d) New Zealand.
Answer
Answer: (d) New Zealand.
Question 26.
Which is not correct:
(a) India is not primary member of World Bank
(b) UNCTAD is organization of UNO
(c) UNCTAD Secretariat is at Geneva
(d) India became member of GATT in 1947.
Answer
Answer: (a) India is not primary member of World Bank
Question 27.
GATT came to an end in the year:
(a) 1944
(b) 1997
(c) 1995
(d) 1985
Answer
Answer: (c) 1995
Question 28.
India became member of World Bank in the year:
(a) 1950
(b) 1948
(c) 1945
(d) 1949.
Answer
Answer: (c) 1945
Question 29.
In international trade CIF includes :
(a) Cost
(b) Cost and insurance
(c) Cost and rent
(d) Cost, rent and insurance.
Answer
Answer: (d) Cost, rent and insurance.
Fill in the blanks
1. The trade which is undertaken within two country is called as …….
Answer
Answer: External trade
2. Goods purchased by a country from another country is called as …….
Answer
Answer: Import
3. The World Bank is established in …. year.
Answer
Answer: 1945.
4. The head office of World Trade Center in….
Answer
Answer: Geneva
5. The number of members in world trade organisation is ………
Answer
Answer: 151
6. International invoice is prepared by ………
Answer
Answer: Importer
7. GATT organisation converted in….
Answer
Answer: World Trade Organisation
8. Goods sending by a country to other country is called as ………
Answer
Answer: Export
9. The documents which is related to ownership is in International business is called as ……
Answer
Answer: Shipping receipt
10. The trade which exist in within the boundary of acountry is called ……..
Answer
Answer: Internal trade
11. The head office of I.M.F. is in ………
Answer
Answer: Washington
12. Indent is system of importing of …….
Answer
Answer: Indirect
13. Shipping receipt is …….. document of bills of exchange.
Answer
Answer: Half
14. The world trade organisation held …..ministerial conference up to 2013.
Answer
Answer: 9
True or False
1. Shipping receipt is contract.
Answer
Answer: True
2. Captain gives shipping receipt to captain.
Answer
Answer: True
3. Export promotion means import is more then export.
Answer
Answer: False
4. Mates receipt is used in export.
Answer
Answer: True
5. In external trade the payment is easy.
Answer
Answer: False
6. For promoting export business India start devaluation of money in 1991.
Answer
Answer: True
7. Indent send to producers.
Answer
Answer: False
8. Number of member in World Trade Organisation is 164.
Answer
Answer: True
9. Indent is sent to direct producer.
Answer
Answer: False
10. Indent is also called demand draft.
Answer
Answer: True
11. Charter party contract is two types.
Answer
Answer: False
12. External trade give foreign exchange.
Answer
Answer: True
13. Nav Bhatak and charter party are different document.
Answer
Answer: False
14. Shipping receipt is issued by captain.
Answer
Answer: False
15. The head office of World Trade Organisation is in Geneva.
Answer
Answer: True
Match the Columns
| (A) | (B) |
| 1. Goods imported from abroad | (a) Business without prohibition |
| 2. Export goods to abroad | (b) Import |
| 3. International monetary fund | (c) Export |
| 4. World Trade Organisation | (d) Monetary policy |
| 5. Establishment of World Bank | (e) Dock warrant |
| 6. Sales of lading bill | (f) Mortgage document |
| 7. GAIT | (g) Shipping receipt |
| 8. Ownership of goods | (h) The general agreement of tariff on trade |
| 9. Prohibited godown | (i) Importer |
| 10. D/A or D/P bill | j) 1945. |
Answer
Answer:
| (A) | (B) |
| 1. Goods imported from abroad | (b) Import |
| 2. Export goods to abroad | (c) Export |
| 3. International monetary fund | (d) Monetary policy |
| 4. World Trade Organisation | (a) Business without prohibition |
| 5. Establishment of World Bank | j) 1945. |
| 6. Sales of lading bill | (i) Importer |
| 7. GAIT | (h) The general agreement of tariff on trade |
| 8. Ownership of goods | (g) Shipping receipt |
| 9. Prohibited godown | (e) Dock warrant |
| 10. D/A or D/P bill | (f) Mortgage document |
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