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 - 3
Question 1:Â
Currency used in International business is –
(a) Domestic currency
(b) International currency
(c) cryotocurrency
(d) visual currency
Correct Answer – (B)
Question 2:Â
Labour productivity and production cost differ among nations due to ——— —
(a) Geographical reason
(b) Agricultural reason
(c) Personal reason
(d) Government policies
Correct Answer – (A)
Question 3:Â
A company can acquire full control over subsidiary’s operation in foreign market by owing—
(a) 85%
(b) 90%
(c) 100%
(d) 40%
Correct Answer – (C)
Question 4:Â
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) Contract manufacturing
(b) Franchising
(c) Joint ventures
(d) Licensing
Correct Answer – (C)
Question 5:Â
Which one of the following modes of entry brings the firm closer to international markets?
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture
Correct Answer – (D)
MCQ Questions Class 11 International Business 1 With Answers
Question 6:Â
Manufacturing and trade beyond the boundaries if one’s own country is :-
(a) Foreign trade
(b) Local trade
(c) Retail trade
(d) Internal trade
Correct Answer – (A)
Question 7:Â
Goods that are tangible means ——
(a) Customized goods
(b) Merchandise
(c) Free goods
(d) Licensed goods
Correct Answer – (B)
Question 8:Â
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
(a) Licensing
(b) Contract manufacturing
(c) Joint venture
(d) None of these
Correct Answer – (A)
Question 9:Â
Which one of the following modes of entry requires higher level of risks?
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture
Correct Answer – (D)
Question 10:Â
Which one of the following is not amongst India’s major import items?
(a) Ayurvedic medicines
(b) Oil and petroleum products
(c) Pearls and precious stones
(d) Machinery
