CBSE Class 11 International Business 2 Multiple Choice Questions with Answers. MCQ Questions Class 11 International Business 2Â with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 International Business 2Â with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 International Business 2 with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 International Business 2 with Answers. You can also verify your answers from the provided MCQ Class 11 International Business 1 with Answers. So, ace up your preparation with MCQ of Class 11 Business Studies Examinations.2
MCQ Questions Class 11 International Business 2 with Answers - Set - 2
Question 1:Â
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
Correct Answer – (A)
Question 2:Â
Subsidiaries consider the regional environment for policy / Strategy formulation is known as
(a) Polycentric Approach
(b) Regiocentric Approach
(c) Ethnocentric Approach
(d) Geocentric Approach
Correct Answer – (B)
Question 3:Â
The theory of comparative cost advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taussig
(d) Ohlin and Hecksher
Correct Answer – (A)
Question 4:Â
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
Correct Answer – (D)
Question 5:Â
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.
Correct Answer – (C)
MCQ Questions Class 11 International Business 2 With Answers
Question 6:Â
Ultimately ______________ was replaced by the ______________ on 1st Jan 1995
(a) GATS, WTO
(b) WTO, GATT
(c) GATT, WTO
(d) IMF, GATT
Correct Answer – (C)
Question 7:Â
The Theory of Absolute Cost Advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taylor
(d) Ohlin and Heckscher
Correct Answer – (B)
Question 8:Â
Capitalistic, communistic and Mixed are the types of
(a) Economic System
(b) Social System
(c) Cultural Attitudes
(d) Political System
Correct Answer – (A)
Question 9:Â
Comparative Cost Trade Theory is given by
(a) Adam Smith
(b) David Ricardo
(c) Gottfried Haberler
(d) Heckscher Ohlin
Correct Answer – (B)
Question 10:Â
______________ 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
