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 - 2
Question 1:
The first phase of globalization started around 1870 and ended with ___________ .
(a) World War I
(b) World War II
(c) The Establishment of GATT
(d) In 1913 when GDP was High
Correct Answer – (A)
Question 2:
Subsidiaries consider the regional environment for policy / Strategy formulation is known as
(a) Polycentric Approach
(b) Regiocentric Approach
(c) Ethnocentric Approach
(d) Geocentric Approach
Correct Answer – (B)
Question 3:
The theory of comparative cost advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taussig
(d) Ohlin and Hecksher
Correct Answer – (A)
Question 4:
Globalization refers to:
(a) Lower incomes worldwide
(b) Less foreign trade and investment
(c) Global warming and their effects
(d) A more integrated and interdependent world
Correct Answer – (D)
Question 5:
Key controllable factors in global marketing are:
(a) Government policy and legislation
(b) social and technical changes
(c) marketing activities and plans
(d) all of the above.
Correct Answer – (C)
MCQ Questions Class 11 International Business 2 With Answers
Question 6:
Ultimately ______________ was replaced by the ______________ on 1st Jan 1995
(a) GATS, WTO
(b) WTO, GATT
(c) GATT, WTO
(d) IMF, GATT
Correct Answer – (C)
Question 7:
The Theory of Absolute Cost Advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taylor
(d) Ohlin and Heckscher
Correct Answer – (B)
Question 8:
Capitalistic, communistic and Mixed are the types of
(a) Economic System
(b) Social System
(c) Cultural Attitudes
(d) Political System
Correct Answer – (A)
Question 9:
Comparative Cost Trade Theory is given by
(a) Adam Smith
(b) David Ricardo
(c) Gottfried Haberler
(d) Heckscher Ohlin
Correct Answer – (B)
Question 10:
______________ corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.
(a) Global
(b) International
(c) Transnational
(d) None of the above
