CBSE Class 11 (Commerce) International Business — practice questions
50 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 11 (Commerce) International Business in the app →Manufacturing and trade beyond a nation's borders is called what?Business inside one country's boundaries is known as which of these?Which statement about international business is most accurate?Why do nations need to trade with one another at all?Goods that are tangible and can be seen and touched are called what?Trade in services is also called by which other name?Which of these is an example of a service export?Under licensing, Pepsi and Coca Cola are produced worldwide by whom?A franchising system lets McDonalds run restaurants in how many places?Which benefit comes to a firm that exports its surplus output?Which entry mode is the easiest way into international markets?In direct exporting, who deals with the overseas buyers?Indirect exporting relies mainly on which type of party?Most firms begin overseas operations through which mode?Another name for contract manufacturing is which term?Assembling hard disks and chips into computers is which kind of outsourcing?Garments made wholly by a foreign producer illustrate which outsourcing form?What is mutual exchange of knowledge and patents between two firms called?Franchising is used mainly in connection with which type of business?Which statement compares franchising with licensing correctly?The party granting rights in a franchising agreement is called what?How does a licensor typically earn from a foreign licensee?Which is a limitation of licensing and franchising?A firm jointly owned by two or more independent firms is a what?Which is an advantage of a joint venture for a foreign firm?Which problem can arise from dual ownership in a joint venture?A parent company holding 100 percent equity abroad owns what?Setting up a brand new firm in a foreign country is called what?Which entry mode is least suitable for small firms with limited funds?A key advantage of a wholly owned subsidiary is what?A proforma invoice states what information to the buyer?An order placed by the importer for goods is also called what?A letter of credit is issued by which party?Why do exporters demand a letter of credit?Which authority issues the Import Export Code number in India?Registration with ECGC protects an exporter against what?Which certificate lets an exporter claim benefits from an export promotion council?Pre-shipment finance is used by an exporter for what purpose?Which Indian Act provides for compulsory pre-shipment inspection?The certificate of origin states what fact about goods?Which document is the main basis for customs permission to export?A shipping company issues a bill of lading after receiving what?The air counterpart of a bill of lading is called what?Which importer step comes first in the import procedure?Which document does an importer present to customs for assessing duty?In which entry mode does a contractor prepare a plant and hand it over ready to run?Which Canadian economist developed early theory on multinational firms and FDI?A company with operations in several countries is called what?Which risk arises from corrupt, hostile or unstable government?Which discipline helps managers understand foreign values and attitudes?