Important MCQ Questions with Answers for CBSE Class 11 Business Studies Internal Trade prepared by expert Business Studies teachers from latest edition of CBSE NCERT Books. By practicing with these Class 11 Business Studies Objective Questions you can learn all concepts easily and score maximum marks in the MCQ Questions. With the help of our provided Class 11 Business Studies MCQ Questions of Internal Trade with Answers, you can answer any type of questions in the final exams and competitive exams.
You can learn different ways of questions for each chapter from this MCQ Questions of Business Studies Class 11 with Answers along with a detailed explanation to grasp the concept behind it. Following are some of the internal trade multiple choice questions and answers that will help the students in brushing up their understanding of the concept of internal trade. We have provided Internal Trade Class 11 Business Studies MCQ Questions with Answers to help students understand the concept very well.
1. Which element of India’s International trade has changed?
(A) Amount
(B) Composition
(C) Direction
(D) All the above
2. What is India’s share in world trade?
(A) 1%
(B) 2%
(C) 3%
(D) 4%
3. What was the reason for the decline of import of food grains?
(A) Green revolution
(B) Decline in population
(C) Decrease in the birth rate
(D) Import duty
4. Which country is the largest trading partner of India?
(A) Britain
(B) China
(C) the USA
(D) Pakistan
5. India has ______ major ports.
(A) 6
(B) 8
(C) 10
(D) 12
6. What is the cargo handling capacity of Indian ports (million tonnes)?
(A) 100
(B) 300
(C) 500
(D) 700
7. Silk route was between:
(A) China and Rome
(B) China and India
(Q Japan and Sri Lanka
(D) Africa and China
8. Slave trade was abolished in the USA in:
(A) 1708
(B) 1758
(C) 1778
(D) 1808
9. The Headquarters of EU are at:
(A) London
(B) Paris
(C) Brussels
(D) Berlin
10. GATT was formed in:
(A) 1904
(B) 1924
(C) 1954
(D) 1994
11. When exports are more than imports, trade is:
(A) Favourable
(B) Unfavourable
(C) Opposite
(D) Unbalanced
12. In which trading block is Iceland?
(A) EU
(B) E.F.T.A.
(C) NAFTA
(D) OPEC
13. How many countries are there in OPEC?
(A) 10
(B) 11
(C) 12
(D) 13
14. What is the cargo handling capacity of Indian ports (million tonnes)?
(i) 100
(ii) 300
(iii) 500
(iv) 700
15. Which one of the Indian Sea Ports provides facilities to the land-locked neighbouring countries?
(i) Nhava Sheva
(ii) Kandla
(iii) Kolkata
(iv) Vishakhapatnam
16. Which country is the largest trading partner of India?
(i) Britain
(ii) China
(iii) the USA
(iv) Pakistan
17. Name the new port of India which is developed to relive Mumbai Port.
(i) Jawaharlal Nehru Port
(ii) Kandla
(iii) Kolkata
(iv) Vishakhapatnam
18. What was the reason for the decline of import of foodgrains?
(i) Green revolution
(ii) Decline in population
(iii) Decrease in the birth rate
(iv) Import duty
19. Which one of the following is India’s largest trading partner (2004-05)?
(i) UK
(ii) China
(iii) Germany
(iv) USA
20. How many types of trade?
(a) One
(b) Two
(c) Three
(d) Four
21. In which year WTO was formed?
(a)1995
(b)1996
(c)1998
(d) 2000
22. In which year GATT was formed?
(a) 1946
(b) 1948
(c) 1950
(d) 1955
23. Which association is the largest single market in the world?
(a) EU
(b) OPEC
(c) SAFTA
(d) ASEAN
24. India is the member of which trading block?
(a) OPEC
(b) SAARC
(c) SAFTA
(d) ASEAN
25. What are the components of International trade?
(a) Volume
(b) Composition
(c) Direction
(d) All
