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 - 4
Question 1:
Which of the following is not the objectives of import trade?
(a) To meet consumer demand.
(b) To improve the standard of living.
(c) To speed up industrialisation.
(d) To earn foreign exchange.
Correct Answer – (C)
Question 2:
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
Correct Answer – (D)
Question 3:
Which of the following document is required in connection with an import transaction?
(a) Certificate of origin.
(b) Shipping Bill
(c) Letter of credit.
(d) Mate’s receipt.
Correct Answer – (C)
Question 4:
Permission for distribution of services in another country under a specific copyright is :-
(a) Merchandising
(b) Licensing
(c) Franchising
(d) Marketing
Correct Answer – (C)
Question 5:
“The goods were not loaded on the ship as they did not get the custom clearance due to lack of one of the main document.”Identify the document which was required among the following:-
(a) Bill of clearance
(b) Custom bill
(c) Shipping bill
(d) Bill of exchange
Correct Answer – (C)
MCQ Questions Class 11 International Business 1 With Answers
Question 6:
Intangible aspect of services in International business is known as
(a) Home trade
(b) Foreign trade
(c) Invisible trade
(d) Local trade
Correct Answer – (C)
Question 7:
Performa Invoice is issued by the-
(a) Shipping company of importer
(b) Exporter to importer
(c)Importer to exporter
(d)Exporter to the shipping company
Correct Answer – (B)
Question 8:
Identify the first step in the export procedure-
(a) Receipt of enquiry
(b) export licence
(c) intent
(d) production of goods
Correct Answer – (A)
Question 9:
Portfolio investment means _______
(a) Providing services in another country.
(b) Investment in research industry.
(c) A company makes investment into another by acquiring shares.
(d) Production and marketing of goods.
Correct Answer – (C)
Question 10:
Which factor of production is not a part of domestic business?
(a) Land
(b) Labour
(c) Customer
(d) Capital
