Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided International Business 1 Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well.
International Business 1 Class 11 MCQs Questions with Answers
MCQ Questions For Class 11 Business Studies Chapter 11 Question 1.
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
International Business Class 11 MCQ Question 2.
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
International Trade Class 11 MCQ Question 3.
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: (b) Wholly owned subsidiary
International Business MCQ Class 11 Question 4.
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
MCQs Of International Business Class 11 Question 5.
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 6.
The OECD stands for:
(a) Organization for Economic Co-operation and Development
(b) Organization for Economic Coordination and Development
(c) Organization for Environmental Cooperation and Development.
(d) Organization for Environmental Control and Development
Answer
Answer: (a) Organization for Economic Co-operation and Development
Question 7.
_______ is the first step in the internationalization process.
(a) License
(b) Foreign Investment
(c) Sales
(d) Export
Answer
Answer: (a) License
Question 8.
The main promoter of trade liberalization was
(a) GATT
(b) NAFTA
(c) CEPTA
(d) CISA
Answer
Answer: (a) GATT
Question 9.
NAFTA stands for
(a) North African trade association
(b) North American free trade agreement
(c) Northern Atlantic trade agreement
(d) Northern association for trade
Answer
Answer: (b) North American free trade agreement
Question 10.
The WTO was established to implement the final act of Uruguay Round agreement of ……
(a) MFA
(b) GATT
(c) TRIP’s
(d) UNO
Answer
Answer: (b) GATT
Question 11.
The —————- company produces, markets, invests and operates across the world
(a) Global
(b) International
(c) Transnational
(d) Multinational
Answer
Answer: (c) Transnational
Question 12.
Select example of Indian Multinational Company
(a) Hindusthan Unilever
(b) Videocon
(c) Cargill
(d) Tesco
Answer
Answer: (b) Videocon
Question 13.
…….is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
(a) Bill of Lading
(b) Letter of Credit
(c) Open Account
(d) Drafts
Answer
Answer: (b) Letter of Credit
Question 14.
Which of the following is not a force in the Porter Five Forces model?
(a) Buyers
(b) Suppliers
(c) Complementary products
(d) Industry rivalry
Answer
Answer: (c) Complementary products
Question 15.
Which is not an Indian Multinational Company?
(a) Unilever
(b) Asian Paints
(c) Piramal
(d) Wipro
Answer
Answer: (a) Unilever
Question 16.
……………is the application of knowledge which redefines the boundaries of global business
(a) Cultural Values
(b) Society
(c) Technology
(d) Economy
Answer
Answer: (c) Technology
Question 17.
The Theory of Relative Factor Endowments is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taussig
(d) Ohlin and Hecksher
Answer
Answer: (d) Ohlin and Hecksher
Question 18.
According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
(a) Gold Theory
(b) Ricardo Theory
(c) Mercantilism
(d) Hecksher Theory
Answer
Answer: (c) Mercantilism
Question 19.
Which is the right sequence of stages of Internationalization
(a) Domestic, Transnational, Global, International, Multinational
(b) Domestic, International, Multinational, Global, Transnational
(c) Domestic, Multinational, International, Transnational, Global
(d) Domestic, International, Transnational, Multinational, Global
Answer
Answer: (b) Domestic, International, Multinational, Global, Transnational
Question 20.
IBRD (International Bank for Reconstruction and Development) also known as
(a) Exim Bank
(b) World Bank
(c) International Monetary fund
(d) International Bank
Answer
Answer: (b) World Bank
Question 21.
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: (b) Oil and petroleum products
Question 22.
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 23.
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 24.
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 25.
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
(a) Licensing
(b) Contract manufacturing
(c) Joint venture
(d) None of these
Answer
Answer: (a) Licensing
One Mark Questions
1. What is International Business?
Answer
Answer: International Business is a business activities take place across the geographical boundaries.
2. State any one type of international business.
Answer
Answer: Direct Investment.
3. State any one mode of entry into international business.
Answer
Answer: Franchising.
4. State any one reason for international business.
Answer
Answer: Change in fashion and technology
5. What is Export business?
Answer
Answer: An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade.
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