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

We have completed the NCERT/CBSE chapter-wise Multiple Choice Questions for Class 11 Business Studies book Chapter 11 International Business with Answers by expert subject teacher for latest syllabus and examination. You can Prepare effectively for the exam, Taking the help of the Class 11 Business Studies Objective Questions PDF free of cost from here. Students can take a free test of the Multiple Choice Questions of International Business. Each Questions has four options followed by the right answer. Download the Business Studies Quiz Questions with Answers for Class 11 free Pdf and prepare to exam and help students understand the concept very well.

MCQ Questions for Class 11 Business Studies with Answers

Q1. Foreign investment can be of two types

(i) Domestic and International investment
(ii) Direct and Portfolio
(iii) Licencing and Franchising
(iv) Direct and Franchising

(ii) Direct and Portfolio

Q2. Which is not related to money refund policy :

(i) Refund of production expenses
(ii) Refund of excise duty
(iii) Refund of export duty
(iv) Duty at loading port

(iv) Duty at loading port

Q3. Which one of the following is not amongst India’s major export items?

(i) Textiles and garments
(ii) Gems and jewellery
(iii) Oil and petroleum products
(iv) Basmati rice

(iii) Oil and petroleum products

Q4. Which of the following is the criteria for approving an IDA credit?

(i) Poverty test
(ii) Performance test
(iii) Project test
(iv) All of the above

(iv) All of the above

Q5. A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as

(i) Cargo receipt
(ii) Mate receipt
(iii) Shipping receipt
(iv) Charter receipt

(ii) Mate receipt

Q6. Which one of the following modes of entry requires a higher level of risks?

(i) Licensing
(ii) Contract manufacturing
(iii) Franchising
(iv) Joint venture

(iv) Joint venture

Q7. Which is not a part of export related documents:

(i) Commercial invoice
(ii) Certificate of origin
(iii) Entry bill
(iv) Mate’s receipt

(iii) Entry bill

Q8. Which of the following is not an advantage of exporting?

(i) Easier way to enter into international markets
(ii) Comparatively lower risks
(iii) Limited presence in foreign markets
(iv) Less investment requirements

(iii) Limited presence in foreign markets

Q9. Quotas of all IMF members are reviewed at intervals of

(i) Five years
(ii) Not more than five years
(iii) Three years
(iv) Two years

(ii) Not more than five years

Q10. The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is

(i) Letter of hypothetication
(ii) Letter of credit
(iii) Bill of exchange
(iv) Bill of lading

(ii) Letter of credit

Q11. Which of the following documents are not required for obtaining an export license?

(i) IEC number
(ii) Registration cum membership certificate
(iii) Letter of credit
(iv) Bank account number

(iii) Letter of credit

Q12. Which is not a member of World Bank group:

(i) International Bank of Development and Reconstruction
(ii) Multiple Investment Guarantee Agency
(iii) International Development Union
(iv) International Monetary Fund.

(iv) International Monetary Fund.

Q13. The OECD stands for:

(i) Organization for Economic Co-operation and Development
(ii) Organization for Economic Coordination and Development
(iii) Organization for Environmental Cooperation and Development.
(iv) Organization for Environmental Control and Development

(ii) Organization for Economic Co-operation and Development

Q14. Interest payments on loans borrowed abroad are recorded in

(i) Capital Account
(ii) Current Accounts
(iii) Errors and Omission Section
(iv) Official Reserve Account

(ii) Current Accounts

Q15. Which of the following documents is not required in connection with an import transaction?

(i) Certificate of origin
(ii) Bill of lading
(iii) Shipping bill
(iv) Shipment advice

(iii) Shipping bill

Q16. Which of the following documents is not required in connection with an import transaction?

(i) Certificate of origin
(ii) Bill of lading
(iii) Shipping bill
(iv) Shipment advice

(iii) Shipping bill

Q17. Which one of the following is not amongst India’s major import items:

(i) Ayurvedic medicines
(ii) Oil and petroleum products
(iii) Pearls and precious stones
(iv) Machinery

(ii) Ayurvedic medicines

Q18. The main promoter of trade liberalization was

(i) GATT
(ii) NAFTA
(iii) CEPTA
(iv) CISA

(ii) GATT

Q19. A tariff fails to restrict imports when the demand for imports is

(i) Perfectly price elastic
(ii) Price inelastic
(iii) Of unitary price elasticity
(iv) None of the above

(ii) Price inelastic

Q20. A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as

(i) Cargo receipt
(ii) Mate receipt
(iii) Shipping receipt
(iv) Charter receipt

(ii) Mate receipt

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MCQ Questions for Class 11 Business Studies with Answers

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