Q. Which one of the following is not amongst India’s major trading partners?
✅ Correct Answer: (D)
New Zealand
International Business 1 MCQs with answers
Dear candidates you will find MCQ questions of 11th Class - Business Studies | Chapter: International Business 1 here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 11th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.
Q. Which one of the following is not amongst India’s major export items?
✅ Correct Answer: (C)
Oil and petroleum products
Q. Which one of the following modes of entry permits greatest degree of control over overseas operations?
✅ Correct Answer: (B)
Wholly owned subsidiary
Q. Which of the following is not an advantage of exporting?
✅ Correct Answer: (C)
Limited presence in foreign markets
Q. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
✅ Correct Answer: (C)
Contract manufacturing
Q. The OECD stands for:
✅ Correct Answer: (A)
Organization for Economic Co-operation and Development
Q. _______ is the first step in the internationalization process.
✅ Correct Answer: (A)
License
Q. The WTO was established to implement the final act of Uruguay Round agreement of ________________
✅ Correct Answer: (B)
GATT
Q. The —————- company produces, markets, invests and operates across the world
✅ Correct Answer: (C)
Transnational
Q. ___________ is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
✅ Correct Answer: (B)
Letter of Credit
Q. Which of the following is not a force in the Porter Five Forces model?
✅ Correct Answer: (C)
Complementary products
Q. ____________ is the application of knowledge which redefines the boundaries of global business
✅ Correct Answer: (C)
Technology
Q. The Theory of Relative Factor Endowments is given by
✅ Correct Answer: (D)
Ohlin and Hecksher
Q. According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
✅ Correct Answer: (C)
Mercantilism
Q. Which is the right sequence of stages of Internationalization
✅ Correct Answer: (B)
Domestic, International, Multinational, Global, Transnational
Q. IBRD (International Bank for Reconstruction and Development) also known as
✅ Correct Answer: (B)
World Bank
Q. Which one of the following is not amongst India’s major import items?
✅ Correct Answer: (B)
Oil and petroleum products
Q. Which one of the following modes of entry brings the firm closer to international markets?
✅ Correct Answer: (D)
Joint venture
Q. Which one of the following modes of entry requires higher level of risks?
✅ Correct Answer: (D)
Joint venture
Q. 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
✅ Correct Answer: (C)
Joint ventures
Q. 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
✅ Correct Answer: (A)
Licensing
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