Class 11 International Business CBSE Questions & Answers

Class 11 · International Business

This is Business Studies class 11 International Business CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
  • A
    Mate receipt
    Correct
  • B
    Shipping receipt
  • C
    Charter receipt
  • D
    Cargo receipt
2
Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
  • A
    Shipping bill
    Correct
  • B
    Bill of exchange
  • C
    Mate?s receipt
  • D
    Packaging list
3
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
  • A
    Bill of exchange
  • B
    Bill of lading
  • C
    Letter of credit
    Correct
  • D
    Letter of hypothetication
4
Which of the following does not belong to the World Bank group?
  • A
    IDA
  • B
    IMF
    Correct
  • C
    IBRD
  • D
    MIGA
5
TRIP is one of the WTO agreements that deal with
  • A
    Trade in services
  • B
    Trade related investment measures
  • C
    Trade in agriculture
  • D
    None of these
    Correct
6
Trade between people of many countries is called as
  • A
    Home trade
    Correct
  • B
    bilateral trade
  • C
    Multi lateral Trade
  • D
    trade
7
Import trade procedure starts with
  • A
    Obtaining quota
  • B
    Trade enquiry
    Correct
  • C
    Placing Indent
  • D
    Arranging L.C
8
To avoid disputes exchanges rates are fixed in advance preferably at time of:
  • A
    Obtaining shipping order
  • B
    Obtaining custom clearance
  • C
    Playing Dock Dues
  • D
    Placing Order
    Correct
9
The method of obtaining payment from the importer is:
  • A
    By getting bill of exchange b)Discounting the bills
  • B
    By Foreign Draft
  • C
    By getting Letter of Credit
  • D
    All of these
    Correct
10
W.T.O is the only organization dealing with the:
  • A
    Global trade rules
    Correct
  • B
    Home trade rules
  • C
    d)None of the above
  • D
    Entrepot trade rules
11
The main reason behind international business is that the ___________
  • A
    Countries cannot produce equally well or cheaply all that they need
    Correct
  • B
    India is a poor country
  • C
    India is fully developed country
  • D
    All Countries are intersted in setting up businesses in India
12
The degree of mobility of factors of production like labour and capital is relatively more within in _________
  • A
    Domestic Business
    Correct
  • B
    None of these
  • C
    International business
  • D
    Both Domestic and International business
13
Foreign investment can be of two types
  • A
    Direct and Franchising
  • B
    Direct and Protfolio
    Correct
  • C
    Licencing and franchising
  • D
    Domestic and International investment
14
Permitting another party in a foreign country to produce and sell goods under your trademarks, patents or copy rights in lieu of some fee is another way of entering into international business. This is through _________
  • A
    Sale of Goodwill
  • B
    Sale of copyrights
  • C
    Licensing and Franchising
    Correct
  • D
    Sale of Trademark
15
___________ is an investment that a company makes into another company by the way of acquiring shares or providing loans to the latter, and earns income by way of dividends of interest on loans.
  • A
    Direct Investment
  • B
    None of these
  • C
    Portfolio investment
    Correct
  • D
    Investment in fixed assets