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
- AMate receiptCorrect
- BShipping receipt
- CCharter receipt
- DCargo 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?
- AShipping billCorrect
- BBill of exchange
- CMate?s receipt
- DPackaging list
3
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
- ABill of exchange
- BBill of lading
- CLetter of creditCorrect
- DLetter of hypothetication
4
Which of the following does not belong to the World Bank group?
- AIDA
- BIMFCorrect
- CIBRD
- DMIGA
5
TRIP is one of the WTO agreements that deal with
- ATrade in services
- BTrade related investment measures
- CTrade in agriculture
- DNone of theseCorrect
6
Trade between people of many countries is called as
- AHome tradeCorrect
- Bbilateral trade
- CMulti lateral Trade
- Dtrade
7
Import trade procedure starts with
- AObtaining quota
- BTrade enquiryCorrect
- CPlacing Indent
- DArranging L.C
8
To avoid disputes exchanges rates are fixed in advance preferably at time of:
- AObtaining shipping order
- BObtaining custom clearance
- CPlaying Dock Dues
- DPlacing OrderCorrect
9
The method of obtaining payment from the importer is:
- ABy getting bill of exchange b)Discounting the bills
- BBy Foreign Draft
- CBy getting Letter of Credit
- DAll of theseCorrect
10
W.T.O is the only organization dealing with the:
- AGlobal trade rulesCorrect
- BHome trade rules
- Cd)None of the above
- DEntrepot trade rules
11
The main reason behind international business is that the ___________
- ACountries cannot produce equally well or cheaply all that they needCorrect
- BIndia is a poor country
- CIndia is fully developed country
- DAll 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 _________
- ADomestic BusinessCorrect
- BNone of these
- CInternational business
- DBoth Domestic and International business
13
Foreign investment can be of two types
- ADirect and Franchising
- BDirect and ProtfolioCorrect
- CLicencing and franchising
- DDomestic 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 _________
- ASale of Goodwill
- BSale of copyrights
- CLicensing and FranchisingCorrect
- DSale 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.
- ADirect Investment
- BNone of these
- CPortfolio investmentCorrect
- DInvestment in fixed assets