Here you will find NCERT MCQ Questions for Class 11 Business Studies with Answers PDF Free Download based on the important concepts and topics given in the textbook as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 11 Business Studies. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.
Q.1 Which one of the following is not amongst India’s major trading partners?
(a) Germany
(b) New Zealand
(c) the UK
(d) the USA
(b) New Zealand
Q.2 A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
(a) Cargo receipt
(b) Mate receipt
(c) Shipping receipt
(d) Charter receipt
(b) Mate receipt
Q.3 Which one of the following is not a document related to fulfilling the customs formalities
(a) Letter of insurance
(b) Shipping bill
(c) Export license
(d) Proforma invoice
(d) Proforma invoice
Q.4 Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Mate’s receipt
(c) Certificate of origin
(d) Bill of entry
(d) Bill of entry
Q.5 The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
(a) Letter of hypothecation
(b) Letter of credit
(c) Bill of exchange
(d) Bill of lading
(b) Letter of credit
Q.6 Which one of the following is not amongst India’s major export items?
(a) Textiles and garments
(b) Gems and jewellery
(c) Oil and petroleum products
(d) Basmati rice
(c) Oil and petroleum products
Q.7 Which one of the following modes of entry permits greatest degree of control over overseas operations?
(a) Licensing/franchising
(b) Wholly owned subsidiary
(c) Contract manufacturing
(d) Joint venture
(b) Wholly owned subsidiary
Q.8 Which of the following is not an advantage of exporting?
(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements
(c) Limited presence in foreign markets
Q.9 Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture
(c) Contract manufacturing
Q.10 The OECD stands for:
(a) Organization for Economic Co-operation and Development
(b) Organization for Economic Coordination and Development
(c) Organization for Environmental Cooperation and Development
(d) Organization for Environmental Control and Development
(a) Organization for Economic Co-operation and Development
Q.11 Which of the following documents are not required for obtaining an export license?
(a) IEC number
(b) Registration cum membership certificate
(c) Letter of credit
(d) Bank account number
(c) Letter of credit
Q.12 Which of the following documents is not required in connection with an import transaction?
(a) Certificate of origin
(b) Bill of lading
(c) Shipping bill
(d) Shipment advice
(c) Shipping bill
Q.13 W.T.O is the only organization dealing with the:
(a) Home trade rules
(b) Entrepot trade rules
(c) Global trade rules
(d) None of the above
(c) Global trade rules
Q.14 Import trade procedure starts with
(a) Obtaining quota
(b) Arranging L.C
(c) Trade enquiry
(d) Placing Indent
(c) Trade enquiry
Q.15 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) Franchising
(b) Contract manufacturing
(c) Joint Ventures
(d) Licensing
(c) Joint Ventures
Q.16 Select example of Indian Multinational Company
(a) Hindusthan Unilever
(b) Videocon
(c) Cargill
(d) Tesco
(b) Videocon
Q.17 ________is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
(a) Bill of Lading
(b) Letter of Credit
(c) Open Account
(d) Drafts
(b) Letter of Credit
Q.18 Which of the following is not a force in the Porter Five Forces model?
(a) Buyers
(b) Suppliers
(c) Complementary products
(d) Industry rivalry
(c) Complementary products
Q.19 Which is not an Indian Multinational Company?
(a) Unilever
(b) Asian Paints
(c) Piramal
(d) Wipro
(a) Unilever
Q.20 ___________is the application of knowledge which redefines the boundaries of global business
(a) Cultural Values
(b) Society
(c) Technology
(d) Economy
(c) Technology
Q.21 The Theory of Relative Factor Endowments is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taussig
(d) Ohlin and Hecksher
(d) Ohlin and Heckshery
Class 11 Business Studies MCQs Multiple Choice Questions with Answers
Chapter 1: Nature and Purpose of Business Class 11 MCQ Questions
Chapter 2: Forms of Business Organisation Class 11 MCQ Questions
Chapter 3: Private, Public and Global Enterprises Class 11 MCQ Questions
Chapter 4: Business Services Class 11 MCQ Questions
Chapter 5: Emerging Modes of Business Class 11 MCQ Questions
Chapter 6: Social Responsibilities of Business and Business Ethics Class 11 MCQ Questions
Chapter 7: Formation of a Company Class 11 MCQ Questions
Chapter 8: Sources of Business Finance Class 11 MCQ Questions
Chapter 9: Small Business Class 11 MCQ Questions
Chapter 10: Internal Trade Class 11 MCQ Questions
Chapter 11: International Business 1 Class 11 MCQ Questions
Chapter 12: International Business 2 Class 11 MCQ Questions
Practicing NCERT Business Studies MCQs With Answers Pdf Class 11 is one of the best ways to prepare for the CBSE Class 11 board exam. There is no substitute for consistent practice whether one wants to understand a concept thoroughly or one wants to score better. If you have any queries regarding The CBSE Class 11 Business Studies MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.