{"id":17880,"date":"2021-02-04T17:10:38","date_gmt":"2021-02-04T11:40:38","guid":{"rendered":"https:\/\/ncertsolutions.guru\/?p=17880"},"modified":"2021-02-04T17:10:38","modified_gmt":"2021-02-04T11:40:38","slug":"mcq-questions-for-class-11-business-studies-chapter-11","status":"publish","type":"post","link":"https:\/\/ncertsolutions.guru\/mcq-questions-for-class-11-business-studies-chapter-11\/","title":{"rendered":"MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers<\/a>. You can also verify your answers from our provided International Business 1 Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on International Business 1 Class 11 Objective Questions.<\/p>\n

International Business 1 Class 11 MCQs Questions with Answers<\/h2>\n

Question 1.
\nThe degree of mobility of factors of production like labour and capital is relatively more within in _________
\n(a) Domestic Business
\n(b) International business
\n(c) Both Domestic and International business
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Domestic Business<\/p>\n<\/details>\n

\n

Question 2.
\nForeign investment can be of two types
\n(a) Domestic and International investment
\n(b) Direct and Portfolio
\n(c) Licencing and Franchising
\n(d) Direct and Franchising<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Direct and Portfolio<\/p>\n<\/details>\n

\n

Question 3.
\nWhich of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
\n(a) Shipping bill
\n(b) Mate’s receipt
\n(c) Packaging list
\n(d) Bill of exchange<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Shipping bill<\/p>\n<\/details>\n

\n

Question 4.
\nWhich one of the following modes of entry requires a higher level of risks?
\n(a) Licensing
\n(b) Contract manufacturing
\n(c) Franchising
\n(d) Joint venture<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Joint venture<\/p>\n<\/details>\n

\n

Question 5.
\nThe method of obtaining payment from the importer is:
\n(a) By getting a bill of exchange
\n(b) By getting a Letter of Credit
\n(c) By Foreign Draft
\n(d) All of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) All of the above<\/p>\n<\/details>\n

\n

Question 6.
\nWhich of the following documents are not required for obtaining an export license?
\n(a) IEC number
\n(b) Registration cum membership certificate
\n(c) Letter of credit
\n(d) Bank account number<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Letter of credit<\/p>\n<\/details>\n

\n

Question 7.
\nWhich of the following documents is not required in connection with an import transaction?
\n(a) Certificate of origin
\n(b) Bill of lading
\n(c) Shipping bill
\n(d) Shipment advice<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Shipping bill<\/p>\n<\/details>\n

\n

Question 8.
\nW.T.O is the only organization dealing with the:
\n(a) Home trade rules
\n(b) Entrepot trade rules
\n(c) Global trade rules
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Global trade rules<\/p>\n<\/details>\n

\n

Question 9.
\nImport trade procedure starts with
\n(a) Obtaining quota
\n(b) Arranging L.C
\n(c) Trade enquiry
\n(d) Placing Indent<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Trade enquiry<\/p>\n<\/details>\n

\n

Question 10.
\nWhen 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
\n(a) Franchising
\n(b) Contract manufacturing
\n(c) Joint Ventures
\n(d) Licensing<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Joint Ventures<\/p>\n<\/details>\n

\n

Question 11.
\nWhich one of the following is not amongst India’s major trading partners?
\n(a) Germany
\n(b) New Zealand
\n(c) the UK
\n(d) the USA<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) New Zealand<\/p>\n<\/details>\n

\n

Question 12.
\nA receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
\n(a) Cargo receipt
\n(b) Mate receipt
\n(c) Shipping receipt
\n(d) Charter receipt<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Mate receipt<\/p>\n<\/details>\n

\n

Question 13.
\nWhich one of the following is not a document related to fulfilling the customs formalities
\n(a) Letter of insurance
\n(b) Shipping bill
\n(c) Export license
\n(d) Proforma invoice<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Proforma invoice<\/p>\n<\/details>\n

\n

Question 14.
\nWhich one of the following is not a part of export documents?
\n(a) Commercial invoice
\n(b) Mate’s receipt
\n(c) Certificate of origin
\n(d) Bill of entry<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Bill of entry<\/p>\n<\/details>\n

\n

Question 15.
\nThe document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
\n(a) Letter of hypothecation
\n(b) Letter of credit
\n(c) Bill of exchange
\n(d) Bill of lading<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Letter of credit<\/p>\n<\/details>\n

\n

Question 16.
\nIn 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
\n(a) Joint venture
\n(b) Licensing
\n(c) Contract manufacturing
\n(d) None of the above<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Licensing<\/p>\n<\/details>\n

\n

Use the above-provided NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 11 Business Studies International Business 1 MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers. You can also verify your answers from our …<\/p>\n

MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[35],"tags":[],"yoast_head":"\nMCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers - NCERT Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ncertsolutions.guru\/mcq-questions-for-class-11-business-studies-chapter-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers - NCERT Solutions\" \/>\n<meta property=\"og:description\" content=\"Students who are searching for NCERT MCQ Questions for Class 11 Business Studies Chapter 11 International Business 1 with Answers Pdf free download are compiled here to get good practice on all fundamentals. 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