R4RIN – MCQs, Mock Tests | Business Studies Business Studies-[Class 11-MCQS ]-Chapter 11 International Business

Which one of the following is not amongst India’s major trading partners?

1. USA
2. UK
3. Germany
4. New Zealand

✅ Correct Answer: 4

Which one of the following is not amongst India’s major export items?

1. Textiles and garments
2. Gems and jewellery
3. Oil and petroleum products
4. Basmati rice

✅ Correct Answer: 3

Which one of the following modes of entry permits greatest degree of control over overseas operations?

1. Licensing/franchising
2. Wholly owned subsidiary
3. Contract manufacturing
4. Joint venture

✅ Correct Answer: 2

Which of the following is not an advantage of exporting?

1. Easier way to enter into international markets
2. Comparatively lower risks
3. Limited presence in foreign markets
4. Less investment requirements

✅ Correct Answer: 3

Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

1. Licensing
2. Franchising
3. Contract manufacturing
4. Joint venture

✅ Correct Answer: 3

The OECD stands for:

1. Organization for Economic Co-operation and Development
2. Organization for Economic Coordination and Development
3. Organization for Environmental Cooperation and Development.
4. Organization for Environmental Control and Development

✅ Correct Answer: 1

_____ is the first step in the internationalization process.

1. License
2. Foreign Investment
3. Sales
4. Export

✅ Correct Answer: 1

The main promoter of trade liberalization was

1. GATT
2. NAFTA
3. CEPTA
4. CISA

✅ Correct Answer: 1

NAFTA stands for

1. North African trade association
2. North American free trade agreement
3. Northern Atlantic trade agreement
4. Northern association for trade

✅ Correct Answer: 2

The WTO was established to implement the final act of Uruguay Round agreement of ……

1. MFA
2. GATT
3. TRIP’s
4. UNO

✅ Correct Answer: 2

The —————- company produces, markets, invests and operates across the world

1. Global
2. International
3. Transnational
4. Multinational

✅ Correct Answer: 3

Select example of Indian Multinational Company

1. Hindusthan Unilever
2. Videocon
3. Cargill
4. Tesco

✅ Correct Answer: 2

…….is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.

1. Bill of Lading
2. Letter of Credit
3. Open Account
4. Drafts

✅ Correct Answer: 2

Which of the following is not a force in the Porter Five Forces model?

1. Buyers
2. Suppliers
3. Complementary products
4. Industry rivalry

✅ Correct Answer: 3

Which is not an Indian Multinational Company?

1. Unilever
2. Asian Paints
3. Piramal
4. Wipro

✅ Correct Answer: 1

………is the application of knowledge which redefines the boundaries of global business

1. Cultural Values
2. Society
3. Technology
4. Economy

✅ Correct Answer: 3

The Theory of Relative Factor Endowments is given by

1. David Ricardo
2. Adam Smith
3. F W Taussig
4. Ohlin and Hecksher

✅ Correct Answer: 4

According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.

1. Gold Theory
2. Ricardo Theory
3. Mercantilism
4. Hecksher Theory

✅ Correct Answer: 3

Which is the right sequence of stages of Internationalization

1. Domestic, Transnational, Global, International, Multinational
2. Domestic, International, Multinational, Global, Transnational
3. Domestic, Multinational, International, Transnational, Global
4. Domestic, International, Transnational, Multinational, Global

✅ Correct Answer: 2

IBRD (International Bank for Reconstruction and Development) also known as

1. Exim Bank
2. World Bank
3. International Monetary fund
4. International Bank

✅ Correct Answer: 2

Which one of the following is not amongst India’s major import items?

1. Ayurvedic medicines
2. Oil and petroleum products
3. Pearls and precious stones
4. Machinery

✅ Correct Answer: 2