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Business Studies-[Class 11-MCQS ]-Chapter 11 International Business
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1. Which one of the following is not amongst India’s major trading partners?
USA
UK
Germany
New Zealand
2. Which one of the following is not amongst India’s major export items?
Textiles and garments
Gems and jewellery
Oil and petroleum products
Basmati rice
3. Which one of the following modes of entry permits greatest degree of control over overseas operations?
Licensing/franchising
Wholly owned subsidiary
Contract manufacturing
Joint venture
4. Which of the following is not an advantage of exporting?
Easier way to enter into international markets
Comparatively lower risks
Limited presence in foreign markets
Less investment requirements
5. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
Licensing
Franchising
Contract manufacturing
Joint venture
6. The OECD stands for:
Organization for Economic Co-operation and Development
Organization for Economic Coordination and Development
Organization for Environmental Cooperation and Development.
Organization for Environmental Control and Development
7. _____ is the first step in the internationalization process.
License
Foreign Investment
Sales
Export
8. The main promoter of trade liberalization was
GATT
NAFTA
CEPTA
CISA
9. NAFTA stands for
North African trade association
North American free trade agreement
Northern Atlantic trade agreement
Northern association for trade
10. The WTO was established to implement the final act of Uruguay Round agreement of ……
MFA
GATT
TRIP’s
UNO
11. The —————- company produces, markets, invests and operates across the world
Global
International
Transnational
Multinational
12. Select example of Indian Multinational Company
Hindusthan Unilever
Videocon
Cargill
Tesco
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.
Bill of Lading
Letter of Credit
Open Account
Drafts
14. Which of the following is not a force in the Porter Five Forces model?
Buyers
Suppliers
Complementary products
Industry rivalry
15. Which is not an Indian Multinational Company?
Unilever
Asian Paints
Piramal
Wipro
16. ………is the application of knowledge which redefines the boundaries of global business
Cultural Values
Society
Technology
Economy
17. The Theory of Relative Factor Endowments is given by
David Ricardo
Adam Smith
F W Taussig
Ohlin and Hecksher
18. According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
Gold Theory
Ricardo Theory
Mercantilism
Hecksher Theory
19. Which is the right sequence of stages of Internationalization
Domestic, Transnational, Global, International, Multinational
Domestic, International, Multinational, Global, Transnational
Domestic, Multinational, International, Transnational, Global
Domestic, International, Transnational, Multinational, Global
20. IBRD (International Bank for Reconstruction and Development) also known as
Exim Bank
World Bank
International Monetary fund
International Bank
21. Which one of the following is not amongst India’s major import items?
Ayurvedic medicines
Oil and petroleum products
Pearls and precious stones
Machinery
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