Business Studies/Business Studies-[Class 11-MCQS ]-Chapter 12 International Business Sample Test,Sample questions

Question:
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as

1.Shipping receipt

2.Mate receipt

3.Cargo receipt

4.Charter receipt


Question:
…..is only a legal agreement and it is not an institution; but ….. is a permanent institution.

1.GATT; WTO

2.WTO; GATT

3.WTO; IMF

4. IMF; GATT


Question:
…………corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.

1.Global

2.International

3.Transnational

4.None of the above


Question:
Capitalistic; communistic and Mixed are the types of

1.Economic System

2.Social System

3.Cultural Attitudes

4.Political System


Question:
Comparative Cost Trade Theory is given by

1.Adam Smith

2.David Ricardo

3.Gottfried Haberler

4.Heckscher Ohlin


Question:
Globalization refers to:

1. Lower incomes worldwide

2.Less foreign trade and investment

3.Global warming and their effects

4. A more integrated and interdependent world


Question:
IPR stands for

1.Intellectual property rights

2.International property rights

3.Internal promotion rights

4.Interior promotional rights


Question:
TRIP is one of the WTO agreements that deal with

1.Trade in agriculture

2.Trade in services

3. Trade related investment measures

4.None of these


Question:
Key controllable factors in global marketing are:

1.Government policy and legislation

2.social and technical changes

3.marketing activities and plans

4.all of the above


Question:
MNC Stands for

1.Multi-National Cooperation

2.Multi-National Corporation

3.Multi-National Company

4.Multi-National Collaboration


Question:
SMEs stands for:

1.Small and Medium Entrepreneurs

2.Small Management of Enterprises

3.Small and Medium-sized Enterprises.

4.Societies for Managing Exports


Question:
Subsidiaries consider the regional environment for policy / Strategy formulation is known as

1.Polycentric Approach

2.Regiocentric Approach

3.Ethnocentric Approach

4.Geocentric Approach


Question:
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

1. Letter of hypothetication

2.Letter of credit

3.Bill of lading

4.Bill of exchange


Question:
The first phase of globalization started around 1870 and ended with …..

1.World War I

2.World War II

3.The Establishment of GATT

4.In 1913 when GDP was High


Question:
The Theory of Absolute Cost Advantage is given by

1.David Ricardo

2.Adam Smith

3. F W Taylor

4.Ohlin and Heckscher


Question:
The theory of comparative cost advantage is given by

1.David Ricardo

2.Adam Smith

3. F W Taussig

4.Ohlin and Hecksher


Question:
Ultimately ………………was replaced by the …………….on 1st Jan 1995

1.GATS; WTO

2.WTO; GATT

3.GATT; WTO

4.IMF; GATT


Question:
Which of the following do not form part of duty drawback scheme?

1.Refund of excise duties

2.Refund of customs duties

3.Refund of export duties

4.Refund of income dock charges at the port of shipment


Question:
Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name; the number of packages; the shipping bill; port of destination; name of the vehicle carrying the cargo?

1.Shipping bill

2.Packaging list

3.Mate’s receipt

4.Bill of exchange


Question:
Which of the following documents are not required for obtaining an export license?

1. IEC number

2.Letter of credit

3.Registration cum membership certificate

4.Bank account number


Question:
Which of the following documents is not required in connection with an import transaction?

1.Bill of lading

2.Shipping bill

3.Certificate of origin

4.Shipment advice


Question:
Which of the following does not belong to the World Bank group?

1.IBRD

2. IDA

3.MIGA

4.IMF


Question:
Which one of the following is not a document related to fulfill the customs formalities

1.Shipping bill

2.Export license

3.Letter of insurance

4.Proforma invoice


Question:
Which one of the following is not a part of export documents?

1.Commercial invoice

2. Certificate of origin

3.Bill of entry

4.Mate’s receipt


Question:
WTO stands for

1.World technology association

2.World time organization

3.World trade organization

4.World tourism organization


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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