Business Studies MCQs for Class 11 with Answers Chapter 12 International Business 2

Are you guys looking for NCERT MCQ Questions for Class 11 Business Studies with Answers PDF Free Download as per CBSE new exam pattern? You came to the right page. 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 a part of export documents?

(a) Commercial invoice
(b) Certificate of origin
(c) Bill of entry
(d) Mate’s receipt

(c) Bill of entry

Q.2 Which of the following do not form part of duty drawback scheme?

(a) Refund of excise duties
(b) Refund of customs duties
(c) Refund of export duties
(d) Refund of income dock charges at the port of shipment

(d) Refund of income dock charges at the port of shipment

Q.3 Which of the following documents are not required for obtaining an export license?

(a) IEC number
(b) Letter of credit
(c) Registration cum membership certificate
(d) Bank account number

(b) Letter of credit

Q.4 The first phase of globalization started around 1870 and ended with___________

(a) World War I
(b) World War II
(c) The Establishment of GATT
(d) In 1913 when GDP was High

(a) World War I

Q.5 Which of the following does not belong to the World Bank group?

(a) IBRD
(b) IDA
(c) MIGA
(d) IMF

(d) IMF

Q.6 Which 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?

(a) Shipping bill
(b) Packaging list
(c) Mate’s receipt
(d) Bill of exchange

(d) Bill of exchange

Q.7 _______ is only a legal agreement and it is not an institution, but ________ is a permanent institution.



Q.8 _________corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.

(a) Global
(b) International
(c) Transnational
(d) None of the above

(a) Global

Q.9 Key controllable factors in global marketing are:

(a) Government policy and legislation
(b) social and technical changes
(c) marketing activities and plans
(d) all of the above

(c) marketing activities and plans

Q.10 Comparative Cost Trade Theory is given by

(a) Adam Smith
(b) David Ricardo
(c) Gottfried Haberler
(d) Heckscher Ohlin

(b) David Ricardo

Q.11 Globalization refers to:

(a) Lower incomes worldwide
(b) Less foreign trade and investment
(c) Global warming and their effects
(d) A more integrated and interdependent world

(d) A more integrated and interdependent world

Q.12 Capitalistic, communistic and Mixed are the types of

(a) Economic System
(b) Social System
(c) Cultural Attitudes
(d) Political System

(a) Economic System

Q.13 Which of the following documents is not required in connection with an import transaction?

(a) Bill of lading
(b) Shipping bill
(c) Certificate of origin
(d) Shipment advice

(c) Certificate of origin

Q.14 SMEs stands for:

(a) Small and Medium Entrepreneurs
(b) Small Management of Enterprises
(c) Small and Medium-sized Enterprises
(d) Societies for Managing Exports

(c) Small and Medium-sized Enterprises

Q.15 MNC Stands for

(a) Multi-National Cooperation
(b) Multi-National Corporation
(c) Multi-National Company
(d) Multi-National Collaboration

(b) Multi-National Corporation

Q.16 IPR stands for

(a) Intellectual property rights
(b) International property rights
(c) Internal promotion rights
(d) Interior promotional rights

(a) Intellectual property rights

Q.17 WTO stands for

(a) World technology association
(b) World time organization
(c) World trade organization
(d) World tourism organization

(c) World trade organization

Q.18 Subsidiaries consider the regional environment for policy / Strategy formulation is known as

(a) Polycentric Approach
(b) Regiocentric Approach
(c) Ethnocentric Approach
(d) Geocentric Approach

(b) Regiocentric Approach

Q.19 Expand BOL.

Bill of Lading

Q.20 Expand EIC.

Export Inspection council

Q.21 Expand UNCTAD.

United Nations Conference on Trade and Development.

Q.22 Expand IIFT.

Indian Institute of Foreign Trade

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.

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