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MCQs on Business Studies Class 11 Chapter 10 - International Business
By Mohit Yadav Last updated : April 29, 2023
MCQs on Business Studies (CBSE) Class 11 (Chapter 10) International Business. Practice these multiple-choice questions and answers with explanations to learn, revise, and enhance your skills in Class 11 (Chapter 10) International Business. All these questions are prepared by experts based on the current NEP exam pattern.
List of Business Studies Class 11 Chapter 10 (International Business) MCQs
1. Choose the right sequence of stages of Internationalisation.
- Domestic, International, Multinational, Global, Transnational
- International Domestic, Multinational, Global, Transnational
- Domestic, International, Global, Multinational, Transnational
- Domestic, International, Multinational, Transnational, Global
Answer: A) Domestic, International, Multinational, Global, Transnational
Explanation:
Domestic, International, Multinational, Global, Transnational
2. Which modes of entry bring the firm closer to international markets?
- Joint venture
- Franchising
- License
- Contract
Answer: A) Joint venture
Explanation:
Joint venture
3. Who gave the Theory of Relative Factor Endowments?
- A. Stephine Hawkins
- Ohlin and Hecksher
- Albert Einstein
- Adam Smith
Answer: B) Ohlin and Hecksher
Explanation:
Ohlin and Hecksher gave the Theory of Relative Factor Endowments.
4. Which application of knowledge redefines the boundaries of global business?
- Technology
- Economy
- Finance
- Society
Answer: A) Technology
Explanation:
Technology redefines the boundaries of global business.
5. Which company produces, invests, and operates across the world?
- Transnational
- International
- Global
- None of them
Answer: A) Transnational
Explanation:
The transnational company produces, invests, and operates across the world.
6. What is the full form of NAFTA?
- North Africa free trade association
- North American Free Trade Agreement
- North America Free Trend Association
- None of these
Answer: B) North American Free Trade Agreement
Explanation:
North American Free Trade Agreement is the full form of NAFTA
7. What is the full form of OECD?
- Origin economic city department
- Organization for Economic Cooperation and Development
- Organization for Economic coordination department
- None of these
Answer: B) Organization for Economic Cooperation and Development
Explanation:
The Organization for Economic Cooperation and Development is the full form of OECD.
8. Which one is India’s most exported item?
- Wheat and rice
- Gems and Jewelry
- Oil and petroleum products
- Liquor
Answer: C) Oil and petroleum products
Explanation:
Oil and petroleum products are India’s most exported items.
9. Which one is India’s most trading partner?
- USA
- New Zealand
- Nepal
- Sri Lanka
Answer: B) New Zealand
Explanation:
New Zealand is India’s most trading partner.
10. Which one is the first step of the internationalization process?
- License
- Foreign currency
- Sales
- Export
Answer: A) License
Explanation:
License is the first step of the internationalization process.
11. Who is the most promoter of trade liberalization?
- NAFTA
- CEPTA
- GATT
- CISA
Answer: C) GATT
Explanation:
GATT is the promoter of trade liberalization.
12. Which one is India’s multinational company of India?
- Hindustan Unilever
- Videocon
- Cargill
- Micromax
Answer: B) Videocon
Explanation:
Videocon is India’s multinational company of India.
13. Which one is not an Indian multinational company?
- A. Wipro
- Asian paints
- Unilever
- Piramal
Answer: C) Unilever
Explanation:
Unilever is not an Indian multinational company.
14. IBRD also known as?
- World Bank
- International Bank
- Exim Bank
- International fund
Answer: A) World Bank
Explanation:
IBRD is also known as World Bank.
15. What is the full form of WTO?
- World trade organization
- World transfer organization
- Wonder trend organization
- None of these
Answer: A) World trade organization
Explanation:
World Trade Organization is the full form of WTO.
16. What is the meaning of merchandise?
- Tangible goods
- Patents
- Intangible goods
- None of these
Answer: A) Tangible goods
Explanation:
Tangible goods are the meaning of merchandise.