CBSE Class 11 International Business 1 Multiple Choice Questions with Answers. MCQ Questions Class 11 International Business 1Â with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 International Business 1Â with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 International Business 1 with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 International Business 1 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.
MCQ Questions Class 11 International Business 1 with Answers - Set - 1
Question 1:Â
The WTO was established to implement the final act of Uruguay Round agreement of _______________ .
(a) MFA
(b) GATT
(c) TRIP’s
(d) UNO
Correct Answer – (B)
Question 2:Â
The main promoter of trade liberalization was
(a) GATT
(b) NAFTA
(c) CEPTA
(d) CISA
Correct Answer – (A)
Question 3:Â
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
Correct Answer – (A)
Question 4:Â
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
Correct Answer – (C)
Question 5:Â
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
Correct Answer – (C)
MCQ Questions Class 11 International Business 1 With Answers
Question 6:Â
NAFTA stands for
(a) North African trade association
(b) North American free trade agreement
(c) Northern Atlantic trade agreement
(d) Northern association for trade
Correct Answer – (B)
Question 7:Â
_______ is the first step in the internationalization process.
(a) License
(b) Foreign Investment
(c) Sales
(d) Export
Correct Answer – (A)
Question 8:Â
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
Correct Answer – (C)
Question 9:Â
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
Correct Answer – (B)
Question 10:Â
Which one of the following is not amongst India’s major trading partners?
(a) USA
(b) UK
(c) Germany
(d) New Zealand
