CBSE Class 11 International Business 1 Multiple Choice Questions with Answers. MCQ Questions Class 11 International Business 1 with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 International Business 1 with Answers to know their preparation level.
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MCQ Questions Class 11 International Business 1 with Answers - Set - 3
Question 1:
Currency used in International business is –
(a) Domestic currency
(b) International currency
(c) cryotocurrency
(d) visual currency
Correct Answer – (B)
Question 2:
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:
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:
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:
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:
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:
Goods that are tangible means ——
(a) Customized goods
(b) Merchandise
(c) Free goods
(d) Licensed goods
Correct Answer – (B)
Question 8:
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:
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:
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
