CBSE Class 11 International Business 2 Multiple Choice Questions with Answers. MCQ Questions Class 11 International Business 2 with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 International Business 2 with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 International Business 2 with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 International Business 2 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.2
MCQ Questions Class 11 International Business 2 with Answers - Set - 1
Question 1:
_____________ is only a legal agreement and it is not an institution, but _____________ is a permanent institution.
(a) GATT, WTO
(b) WTO, GATT
(c)WTO, IMF
(d) IMF, GATT
Correct Answer – (A)
Question 2:
IPR stands for
(a) Intellectual property rights
(b) International property rights
(c) Internal promotion rights
(d) Interior promotional rights
Correct Answer – (A)
Question 3:
SMEs stands for:
(a) Small and Medium Entrepreneurs
(b) Small Management of Enterprises
(c) Small and Medium-sized Enterprises.
(d) Societies for Managing Exports
Correct Answer – (C)
Question 4:
Which one of the following is not a document related to fulfill the customs formalities
(a) Shipping bill
(b) Export license
(c) Letter of insurance
(d) Proforma invoice
Correct Answer – (D)
Question 5:
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
(a) Letter of hypothetication
(b) Letter of credit
(c) Bill of lading
(d) Bill of exchange
Correct Answer – (B)
MCQ Questions Class 11 International Business 2 With Answers
Question 6:
WTO stands for
(a) World technology association
(b) World time organization
(c) World trade organization
(d) World tourism organization
Correct Answer – (C)
Question 7:
MNC Stands for
(a) Multi-National Cooperation
(b) Multi-National Corporation
(c) Multi-National Company
(d) Multi-National Collaboration
Correct Answer – (B)
Question 8:
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 – (C)
Question 9:
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
(a) Shipping receipt
(b) Mate receipt
(c) Cargo receipt
(d) Charter receipt
Correct Answer – (B)
Question 10:
TRIP is one of the WTO agreements that deal with
(a) Trade in agriculture
(b) Trade in services
(c) Trade related investment measures
(d) None of these
