MCQ Questions Chapter 11 International Business Class 11 Business Studies

Please refer to MCQ Questions Chapter 11 International Business Class 11 Business Studies with answers provided below. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Business Studies issued for the current academic year. We have provided MCQ Questions for Class 11 Business Studies for all chapters on our website. Students should learn the objective based questions for Chapter 11 International Business in Class 11 Business Studies provided below to get more marks in exams.

Chapter 11 International Business MCQ Questions

Please refer to the following Chapter 11 International Business MCQ Questions Class 11 Business Studies with solutions for all important topics in the chapter.

MCQ Questions Answers for Chapter 11 International Business Class 11 Business Studies

Question. The degree of mobility of factors of production like labour and capital is relatively more within in _________
(a) Domestic Business
(b) International business
(c) Both Domestic and International business
(d) None of the above

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?
(a) Shipping bill
(b) Mate’s receipt
(c) Packaging list
(d) Bill of exchange

Question. The method of obtaining payment from the importer is:
(a) By getting a bill of exchange
(b) By getting a Letter of Credit
(c) By Foreign Draft
(d) All of the above

Question. Which of the following documents is not required in connection with an import transaction?
(a) Certificate of origin
(b) Bill of lading
(c) Shipping bill
(d) Shipment advice

Question. Import trade procedure starts with
(a) Obtaining quota
(b) Arranging L.C
(c) Trade enquiry
(d) Placing Indent

Question. Which one of the following is not amongst India’s major trading partners?
(a) Germany
(b) New Zealand
(c) the UK
(d) the USA

Question. Which one of the following is not a document related to fulfilling the customs formalities
(a) Letter of insurance
(b) Shipping bill
(c) Export license
(d) Proforma invoice

Question. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
(a) Letter of hypothecation
(b) Letter of credit
(c) Bill of exchange
(d) Bill of lading

Question. 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  

Question. 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 

Question. To have an effective delegation is important to have a responsibility along with?
(a) Authority
(b) Manpower
(c) Incentives
(d) Promotion  

Question. The method of obtaining payment from the importer is:
(a) By getting a bill of exchange
(b) By getting a Letter of Credit
(c) By Foreign Draft
(d) All of the above

Question. Which of the following is not a force in the Porter Five Forces model?
(a) Buyers
(b) Suppliers
(c) Complementary products
(d) Industry rivalry  

Question. 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.  

Question. MNC Stands for ______.
(a) Multi-National Cooperation
(b) Multi-National Corporation
(c) Multi-National Company
(d) Multi-National Collaboration  

Question. Which is not an Indian Multinational Company?
(a) Unilever
(b) Asian Paints
(c) Piramal
(d) Wipro  

Question. 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  

Question. The main reason that causes international business is:
(a) Unequal distribution of natural resources among the nations
(b) Differences in the productivity levels of nations
(c) Labour productivity and production costs differ among nations
(d) All of the above  

Question. 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  

Question. In which occupation do people get salary or wages in return for their work?
(a) Employment
(b) Business
(c) Profession
(d) None of the above  

Question. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
(a) Letter of hypothecation
(b) Letter of credit
(c) Bill of exchange
(d) Bill of lading

Question. 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.  

Question. The scope of WTO as compared to GATT is:
(a) Wide
(b) Narrow
(c) Equal
(d) None of these.

Question. Intangible aspect of services in International business is known as
(a) Home trade
(b) Foreign trade
(c) Invisible trade
(d) Local trade

Question. Manufacturing and trade beyond the boundaries if one’s own country is :-
(a) Foreign trade
(b) Local trade
(c) Retail trade
(d) Internal trade

Question. Certificate of inspection related to export trade is issued by
(a) Government
(b) Inspector
(c) Exporter
(d) Importer

Question. Which of the bill is supplied by the customs office to the importer?
(a) Airway bill
(b) Bill of entry
(c) Bills of exchange
(d) Bill receivables

Question. Currency used in International business is –
(a) Domestic currency
(b) International currency
(c) cryotocurrency
(d)visual currency

Question. A particular number that an export firm needs to have is known as –
(a) IEC Number
(b) IFC Number
(c) IIC Number
(d) IFC Code

Question. A company can acquire full control over subsidiary’s operation in foreign market by owing-
(a) 85%
(b) 90%
(c) 100%
(d) 40%

Fill in the blanks:

Question. Mate’s receipt is given by the ___________ officer of the ship.

Question. To facilitate the optimal use of the world’s resources for sustainable development was the major objective of the ___________ organization.

Question. An organization which was set up for looking after the promotion of free and fair trade amongst nations is ___________ .

Question. The certificate which specifies the country in which the goods are produced in ________ 

Question. For ensuring quality of goods, the government has made it compulsory for certain products to obtain a Certificate of _____________before exporting them.

Question. The bill which is transferred by the bank to the importer on the instruction of the drawer is known as _________ bill.

Question. The organization that has a global status similar to that of International Monetary Fund and World Bank is ___________.

True / False:

Question. The degree of mobility of factors like labour and capital is generally less between countries than within a country.

Question. In International business there is use of domestic currency.

Question. Trading beyond the boundaries of one’s own country is known as domestic trade.

Question. The differences in business systems and practices are much more amongst countries than within a country.

Question. Intangible aspect of services that trade in services is known as visible trade.

Question. Permitting another party in a foreign country to produce and sell goods under a specific patent is Licensing.

Question. Merchandise means goods that are intangible.

Match the following:

Question. Match the concepts with its related meaning given below:

A	B
1. Infrastructure	(a) Global village
2. World	(b) Business development
3. Business	(c) No boundaries
4. WTO	(d) Transportation

Question. Match the given terms with it’s meaning:

A	B
1. India	(a) becoming borderless
2. Factors of production	(b) Emerging as a world economy
3. International business	(c) outside the boundaries
4. National Economies	(d) Land/ Labour

Question. Match the advantages of IB:

A	B
1. National economies	(a) Forays into International business
2. India	(b) Need of the hour
3. Globalisation	(c) Increasing it’s foreign investment
4. More firms	(d) Integrating into world economy

Question. Match the benefits of IB:

A	B
1. International business	(a) Leads to increased foreign investment
2. Countries generally facing problem	(b) Improves standard of living
3. International Trade Development	(c) Unequal distribution of natural resources
4. Foreign trade	(d) Across the boundaries of countries

Question. Match the reasons for International business:

A	B
1. Fundamental reason	(a) Produce more efficiently
2. Factors of production	(b) Result of geographical specialisation
3. Developed nations	(c) Differ among nations
4. International business	(d) Unequal distribution of resources

Question. Match the following concepts of business

A	B
1. International business	(a) within the boundary of a country
2. World trade organization	(b) Global village
3. Whole world changing into	(c) Responsible for growth of International business
4. Domestic business	(d) Outside the boundary of a nation

Pictorial Questions:

Question. Which document is prepared by the exporter to get the goods cleared from the customs before being loaded on the ship?

Question. To obtain an export licence the exporter needs to have which number issued by the following organization

Question. For which certificate the exporter needs to approach the following agency:

Question. Name the document to be issued by the authorities in the picture, which serves as a proof for the title of the goods.

Question. Which is the order that allows the port staff to unload the cargo to be moved to the port area?

Question. By whom is the following document issued?

Question. Identify the forign trade depicted in the business cycle given below.

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