Please refer to Chapter 11 International Business MCQ Class 11 Business Studies with answers below. These multiple-choice questions have been prepared based on the latest NCERT book for Class 11 Business Studies. Students should refer to MCQ Questions for Class 11 Business Studies with Answers to score more marks in Grade 11 Business Studies exams. Students should read the chapter International Business and then attempt the following objective questions.

MCQ Questions Class 11 Business Studies Chapter 11 International Business

The International Business MCQ Class 11 Business Studies provided below covers all important topics given in this chapter. These MCQs will help you to properly prepare for exams.

Question. Name the process that converts a message into communication symbols.
(a) Media
(b) Encoding
(c) Feedback
(d) Decoding  

Question. Which document is not necessary for getting license:
(a) IPC number
(b) Credit letter
(c) Registration cum membership certificate
(d) Bank account number.

Question. Identify the activity which does not support trade.
(a) Banking
(b) Warehousing
(c) Insurance
(d) Mining  

Question. Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Mate’s receipt
(c) Certificate of origin
(d) Bill of entry

Question. Business transaction taking place within the geographical boundaries of a nation is known as:
(a) Domestic trade
(b) Internal trade
(c) Home trade
(d) All of the above

Question. Which of the following documents are not required for obtaining an export license?
(a) IEC number
(b) Registration cum membership certificate
(c) Letter of credit
(d) Bank account number  

Question. According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
(a) Gold Theory
(b) Ricardo Theory
(c) Mercantilism
(d) Hecksher Theory  

Question. Select example of Indian Multinational Company
(a) Hindusthan Unilever
(b) Videocon
(c) Cargill
(d) Tesco  

Question. Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shippers name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
(a) Shipping bill
(b) Mate’s receipt
(c) Packaging list
(d) Bill of exchange

Question. A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
(a) Cargo receipt
(b) Mate receipt
(c) Shipping receipt
(d) Charter receipt 

Question. The degree of mobility of factors of production like labour and capital is relatively more within in _____
(a) Domestic Business
(b) International business
(c) Both Domestic and International business
(d) None of the above  

Question. 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) Franchising
(b) Contract manufacturing
(c) Joint Ventures
(d) Licensing  

Question. Which one of the following modes of entry permits greatest degree of control over overseas operations?
(a) Licensing/franchising
(b) Wholly owned subsidiary
(c) Contract manufacturing
(d) Joint venture  

Question. Which document is made by the exporter which contains details of the goods to be sent by ship like name of the sender, number of packages, shipping bill, des-tination port, name of ship, etc.
(a) Shipping bill
(b) Packaging list
(c) Mate’s receipt
(d) Bills of exchange.  

Question. _____ is not an Indian Multinational Company.
(a) Unilever
(b) Asian Paints
(c) Piramal
(d) Wipro

Question. Identify the first step in the export procedure-
(a) Receipt of enquiry
(b) export licence
(c) intent
(d) production of goods

Question. Permission for distribution of services in another country under a specific copyright is :-
(a) Merchandising
(b) Licensing
(c) Franchising
(d) Marketing

Question. Goods that are tangible means –
(a) Customized goods
(b) Merchandise
(c) Free goods
(d) Licensed goods

Question. 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.

Question. 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

Question. “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

Question. “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

Fill in the blanks:

Question. The order placed by an importers firm , after being satisfied with all export terms and conditions is also known as ___________.

Question. The Trade which refers to purchase of goods from a foreign country is called ___________.

Question. On the basis of ___________ ,document imported goods are unloaded from the carrier.

Question. Import procedure depends upon the country?s ___________ and ___________ policies. 

Question. In India World Trade Organization was founded in the ___________ year.

Question. Importers appoint ___________ who are well versed with the formalities of customs clearance. 

Question. The most appropriate and secured method of payment adopted to settle international transactions is through ___________.

True / False:

Question. Nationality of the key participants to the business deals differs between domestic and  International business.

Question. After the receipt of the freight the shipping company issues a bill of landing.

Question. Portfolio investment involves direct investment in abroad.

Question. The information provided in the shipment advice includes details such as invoice number, bill of lading, name of the vessel, etc.

Question. Placing order or indents is a step of import procedure which succeeds that of obtaining letter of credit.

Question. The exporter has to pay dock dues to obtain port trust dues receipt.

Question. Every importer is required to secure the sanction of foreign exchange from a bank  authorised by RBI.

Match the following:

Question. Match the following concepts of International Business:

A	B
1. International business	(a) Between two regions
2. Business stakeholders	(b) Specialises in jute products
3. Domestic business	(c) Shareholders
4. West Bengal	(d) Trade and production of goods and Services.

Question. Match the scope of the International Business:

A	B
1. Merchandise	(a) Intangible Services
2. Franchising	(b) permitting party to produce goods under your trademark.
3. Licensing	(c) Tangible goods
4. Invisible trade	(d) permitting party to provide services Under your trademark.

Question. Match the benefits of International business

A	B
1. International business	(a) Produce what your country can produce Efficiently.
2. Only domestic consumption	(b) Few South Asian countries
3. Star performers on World map	(c) Restrict the country’s growth
4. Principle of foreign business	(d) Helps in earning foreign exchange

Question. Match the benefits of International business towards firms:

A	B
1. International business	(a) Able to utilize their production Capacity
2. Business flourish	(b) Foreign customers
3. Helps in procuring	(c) More profitable than domestic Business
4. Firms	(d) Demand in domestic market’s Saturated.

Question. Match the following documents with the concerned authorities-

A	B
1. Shipping Order	(a) Excise Commission
2. Inspection Certificate	(b) Captain of the ship
3. Railway receipt	(c) EIA
4. Excise Clearance	(d) Railway authorities

Question. Match the following documents with the information contained in it–

A	B
1. Performa Invoice	(a) Specifies the country in which the goods are being produced
2. Shipping Bill	(b) Contains all information about goods.
3. Export invoice	(c) Contains information about price.
4. Certificate of origin	(d) particulars of goods being exported.

Pictorial Questions:

Question. Who makes payment against the following document in foreign trade?

Question. Identify the following document.

Question. What is the connection between the images given below.

Question. Which document produce in this image by caption of ship?

Question. What things we are mostly supply from darzling?

Question. Which one is the main source of import the good from another country

Question. What we are import form IRAQ?

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