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 - 5
Question 1:
In which state export processing zone are not set up?
(a) Kerla
(b) Gujarat
(c) West Bengal
(d) Rajasthan
Correct Answer – (D)
Question 2:
World Trade Organization was founded on ——————
(a) 11Nov.2005
(b) 11Dec.2005
(c) 11 Jan.2015
(d) 11Dec 2015
Correct Answer – (B)
Question 3:
The principal international body concerned with solving trade problems between countries and providing a forum for multilateral trade negotiations.
(a) World Health Organisation.
(b) World Trade Organization
(c) World Bank
(d) World International Bank.
Correct Answer – (B)
Question 4:
A particular number that an export firm needs to have is known as ________ .
(a) IEC Number
(b) IFC Number
(c) IIC Number
(d) IFC Code
Correct Answer – (A)
Question 5:
“Rajiv an exporter sent complete information about the quality ,grade, size, weight, type of packing about the product on his enquiry” .Such an above quotation prepared is known as –
(a) performa invoice
(b) intent
(c) letter of information
(d) enquiry performa
Correct Answer – (A)
MCQ Questions Class 11 International Business 1 With Answers
Question 6:
Which of the following was formed for looking after the promotion of free and fair trade among nations?
(a) International Monetary Fund
(b) World Bank
(c) World Trade Organisation
(d) General Agreement for Tariffs and Trade
Correct Answer – (C)
Question 7:
Certificate of inspection related to export trade is issued by-
(a) Government
(b) Inspector
(c) Exporter
(d) Importer
Correct Answer – (A)
Question 8:
The document which contain the information regarding the country where the goods have been produced in connection to export.
(a) Shipping Bill
(b) Export Invoice
(c) Airway Bill
(d) Certificate of Origin
Correct Answer – (D)
Question 9:
Which of the following indicates the right procedure of import trade?
(a) Procurement of import license, Placing order or indent, Trade Enquiry, Customs clearance and release of goods.
(b) Trade enquiry, Procurement of import license, Obtaining letter of credit, arrival of goods.
(c) Arrival of goods, Retirement of import documents, Obtaining foreign exchange, Obtaining letter of credit.
(d) Receipt of shipment advice, Trade enquiry, Arranging for finance, Customs clearance and release of goods.
Correct Answer – (B)
Question 10:
The International business as it exists today is to a great extent the result of ________ .
(a) Language specialization
(b) Geographical specialization
(c) Cultural differences
(d) Custom practices
