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
In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee
  • A
    Licensing
    Correct
  • B
    None of these
  • C
    Contract manufacturing
  • D
    Joint venture
2
Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
  • A
    Franchising
  • B
    Licensing
  • C
    Joint venture
  • D
    Contract manufacturing
    Correct
3
When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as
  • A
    Licensing
  • B
    Franchising
  • C
    Contract manufacturing
  • D
    Joint Ventures
    Correct
4
Which of the following is not an advantage of exporting?
  • A
    Limited presence in foreign markets
    Correct
  • B
    Less investment requirements
  • C
    Comparatively lower risks
  • D
    Easier way to enter into international markets
5
Which one of the following modes of entry requires higher level of risks?
  • A
    Joint venture
    Correct
  • B
    Licensing
  • C
    Contract manufacturing
  • D
    Franchising
6
Which one of the following modes of entry permits greatest degree of control over overseas operations?
  • A
    Wholly owned subsidiary
    Correct
  • B
    Contract manufacturing
  • C
    Joint venture
  • D
    Licensing/franching
7
Which one of the following modes of entry brings the firm closer to international markets?
  • A
    Franchising
  • B
    Contract manufacturing
  • C
    Licensing
  • D
    Joint venture
    Correct
8
Which one of the following is not amongst India?s major export items?
  • A
    Oil and petroleum products
  • B
    Gems and jewellery
  • C
    Textiles and garments
  • D
    Basmati rice
    Correct
9
Which one of the following is not amongst India?s major import items?
  • A
    Oil and petroleum products
  • B
    Ayurvedic medicines
    Correct
  • C
    Machinery
  • D
    Pearls and precious stones
10
Which one of the following is not amongst India?s major trading partners?
  • A
    USA
  • B
    Germany
  • C
    New Zealand
    Correct
  • D
    UK
11
Which of the following documents are not required for obtaining an export license?
  • A
    Letter of credit
    Correct
  • B
    Bank account number
  • C
    IEC number
  • D
    Registration cum membership certificate
12
Which of the following documents is not required in connection with an import transaction?
  • A
    Shipping bill
    Correct
  • B
    Shipment advice
  • C
    Bill of lading
  • D
    Certificate of origin
13
Which of the following do not form part of duty drawback scheme?
  • A
    Refund of export duties
  • B
    Refund of customs duties
  • C
    Refund of income dock charges at the port of shipment
    Correct
  • D
    Refund of excise duties
14
Which one of the following is not a document related to fulfill the customs formalities
  • A
    Export licence
  • B
    Shipping bill
  • C
    Letter of insurance
  • D
    Proforma invoice
    Correct
15
Which one of the following is not a part of export documents?
  • A
    Commercial invoice
  • B
    Certificate of origin
  • C
    Bill of entry
    Correct
  • D
    Mate?s receipt