Business Studies/Business Studies-[Class 11-MCQS ]-Chapter 11 International Business Sample Test,Sample questions

Question:
According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.

1.Gold Theory

2.Ricardo Theory

3.Mercantilism

4.Hecksher Theory


Question:
…….is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.

1.Bill of Lading

2.Letter of Credit

3.Open Account

4.Drafts


Question:
………is the application of knowledge which redefines the boundaries of global business

1.Cultural Values

2.Society

3.Technology

4.Economy


Question:
IBRD (International Bank for Reconstruction and Development) also known as

1.Exim Bank

2.World Bank

3. International Monetary fund

4.International Bank


Question:
Which one of the following is not amongst India’s major trading partners?

1.USA

2.UK

3.Germany

4.New Zealand


Question:
NAFTA stands for

1. North African trade association

2.North American free trade agreement

3.Northern Atlantic trade agreement

4.Northern association for trade


Question:
Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

1.Licensing

2.Franchising

3.Contract manufacturing

4.Joint venture


Question:
Select example of Indian Multinational Company

1.Hindusthan Unilever

2.Videocon

3.Cargill

4.Tesco


Question:
The —————- company produces, markets, invests and operates across the world

1. Global

2.International

3.Transnational

4.Multinational


Question:
The main promoter of trade liberalization was

1.GATT

2.NAFTA

3.CEPTA

4. CISA


Question:
The OECD stands for:

1.Organization for Economic Co-operation and Development

2.Organization for Economic Coordination and Development

3.Organization for Environmental Cooperation and Development.

4. Organization for Environmental Control and Development


Question:
The Theory of Relative Factor Endowments is given by

1.David Ricardo

2.Adam Smith

3.F W Taussig

4.Ohlin and Hecksher


Question:
The WTO was established to implement the final act of Uruguay Round agreement of ……

1.MFA

2.GATT

3.TRIP’s

4.UNO


Question:
Which is not an Indian Multinational Company?

1.Unilever

2.Asian Paints

3. Piramal

4.Wipro


Question:
Which is the right sequence of stages of Internationalization

1.Domestic, Transnational, Global, International, Multinational

2.Domestic, International, Multinational, Global, Transnational

3.Domestic, Multinational, International, Transnational, Global

4.Domestic, International, Transnational, Multinational, Global


Question:
Which of the following is not a force in the Porter Five Forces model?

1. Buyers

2.Suppliers

3.Complementary products

4.Industry rivalry


Question:
Which of the following is not an advantage of exporting?

1.Easier way to enter into international markets

2.Comparatively lower risks

3.Limited presence in foreign markets

4.Less investment requirements


Question:
Which one of the following is not amongst India’s major export items?

1.Textiles and garments

2.Gems and jewellery

3.Oil and petroleum products

4.Basmati rice


Question:
Which one of the following is not amongst India’s major import items?

1.Ayurvedic medicines

2.Oil and petroleum products

3.Pearls and precious stones

4.Machinery


Question:
Which one of the following modes of entry permits greatest degree of control over overseas operations?

1.Licensing/franchising

2.Wholly owned subsidiary

3.Contract manufacturing

4. Joint venture


Question:
_____ is the first step in the internationalization process.

1.License

2.Foreign Investment

3.Sales

4.Export


More MCQS

  1. Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business
  2. Business Studies-[Class 11-MCQS ]-Chapter 2 Forms of Business Organisation
  3. Business Studies-[Class 11-MCQS ]-Chapter 3 Private, Public and Global Enterprises
  4. Business Studies-[Class 11-MCQS ]-Chapter 4 Business Services
  5. Business Studies-[Class 11-MCQS ]-Chapter 5 Emerging Modes of Business
  6. Business Studies-[Class 11-MCQS ]-Chapter 6 Social Responsibilities of Business
  7. Business Studies-[Class 11-MCQS ]-Chapter 7 Formation of a Company
  8. Business Studies-[Class 11-MCQS ]-Chapter 8 Sources of Business Finance
  9. Business Studies-[Class 11-MCQS ]-Chapter 9 Small Business
  10. Business Studies-[Class 11-MCQS ]-Chapter 10 Internal Trade
  11. Business Studies-[Class 11-MCQS ]-Chapter 11 International Business
  12. Business Studies-[Class 11-MCQS ]-Chapter 12 International Business
  13. Business Studies-[Class 12-MCQS ]-Chapter 1 Nature and Significance of Management
  14. Business Studies-[Class 12-MCQS ]-Chapter 2 Principles of Management
  15. Business Studies-[Class 12-MCQS ]-Chapter 3 Business Environment
  16. Business Studies-[Class 12-MCQS ]-Chapter 4 Planning
  17. Business Studies-[Class 12-MCQS ]-Chapter 5 Organising
  18. Business Studies-[Class 12-MCQS ]-Chapter 6 Staffing
  19. Business Studies-[Class 12-MCQS ]-Chapter 7 Directing
  20. Business Studies-[Class 12-MCQS ]-Chapter 9 Financial Management
  21. Business Studies-[Class 12-MCQS ]-Chapter 10 Financial Market
  22. Business Studies-[Class 12-MCQS ]-Chapter 11 Marketing
  23. Business Studies-[Class 12-MCQS ]-Chapter 12 Consumer Protection
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