We have compiled MCQ Questions for Class 11 Business Studies International Business with Answers free accessible here. MCQ Questions for Class 11 Business Studies with Answers were prepared according to the latest question paper pattern. Practicing these International Business Class 11 Business Studies MCQ Questions with Answers really effective to improve your basics and learn all the key concepts.
These Class 11 Business Studies Objective-type Questions with Solutions cover all topics involved in the latest CBSE Class 11 Business Studies Syllabus. So, you can practice different concepts MCQ Questions in Class 11 Business Studies from all with ease and test your problem-solving and time management skills. Know your preparation level on MCQ Questions for Class 11 Business Studies with Answers. You can also verify your answers from our provided International Business 1 Class 11 MCQ Questions with Answers.
1. Which one of the following is not amongst India’s major trading partners?
(a) USA
(b) UK
(c) Germany
(d) New Zealand
2. Which one of the following is not amongst India’s major export items?
(a) Textiles and garments
(b) Gems and jewellery
(c) Oil and petroleum products
(d) Basmati rice
3. 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
4. Which of the following is not an advantage of exporting?
(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements
5. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture
6. The OECD stands for:
(a) Organization for Economic Co-operation and Development
(b) Organization for Economic Coordination and Development
(c) Organization for Environmental Cooperation and Development.
(d) Organization for Environmental Control and Development
7. A company can acquire full control over subsidiary’s operation in foreign market by owing—
(a) 85%
(b) 90%
(c) 100%
(d) 40%
8. Goods that are tangible means ——
(a) Customized goods
(b) Merchandise
(c) Free goods
(d) Licensed goods
9. Labour productivity and production cost differ among nations due to ——— —
(a) Geographical reason
(b) Agricultural reason
(c) Personal reason
(d) Government policies
10. Manufacturing and trade beyond the boundaries if one’s own country is :-
(a) Foreign trade
(b) Local trade
(c) Retail trade
(d) Internal trade
11. Currency used in International business is –
(a) Domestic currency
(b) International currency
(c) cryptocurrency
(d) visual currency
12. Which factor of production is not a part of domestic business?
(a) Land
(b) Labour
(c) Customer
(d) Capital
13. Which is the right sequence of stages of Internationalization ?
A) Domestic, Transnational, Global, International, Multinational
B) Domestic, International, Multinational, Global, Transnational
C) Domestic, Multinational, International, Transnational, Global
D) Domestic, International, Transnational, Multinational, Global
14. Subsidiaries consider the regional environment for policy / Strategy formulation is known as__________
A) Polycentric Approach
B) Regiocentric Approach
C) Ethnocentric Approach
D) Geocentric Approach
15. The Theory of Absolute Cost Advantage is given by__________
A) David Ricardo
B) Adam Smith
C) F W Taylor
D) Ohlin and Heckscher
16. The Theory of Relative Factor Endowments is given by____________
A) David Ricardo
B) Adam Smith
C) F W Taussig
D) Ohlin and Hecksher
17. The theory of comparative cost advantage is given by_____________
A) David Ricardo
B) Adam Smith
C) F W Taussig
D) Ohlin and Hecksher
18. 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
19. Identify the feature of coordination being highlighted in the given statement: “Coordination is not a one-time function, it begins at the planning stage and continues till controlling.”
(a) Coordination ensures unity of action.
(b) Coordination is an all-pervasive function.
(c) Coordination is a continuous process.
(d) Coordination is a deliberate function.
20. Identify the process that provides the requisite amount, quality, timing, and sequence of efforts, which ensures that planned objectives are achieved with a minimum of conflict.
(a) Management
(b) Planning
(c) Coordination
(d) Controlling
21. Coordination is considered to be the essence of management because ______.
(a) It is a common thread that runs through all the activities within the organisation.
(b) It is implicit and inherent in all functions of the organisation.
(c) It is a force that binds all the functions of management.
(d) All of the above.
22. It is a force that binds all the functions of management.
(a) Cooperation
(b) Coordination
(c) Planning
(d) Management hierarchy
23. This function of management related to placing the right person at the right job is____.
(a) Organising
(b) Staffing
(c) Planning
(d) Controlling
24. Supervision, communication, motivation, and leadership are the key elements of this function of management.
(a) Directing
(b) Controlling
(c) Planning
(d) Organising
25. This function of management relating to laying down the foundation for carrying out the other functions of management successfully is _____.
(a) Organising
(b) Staffing
(c) Planning
(d) Controlling
