CBSE  /  Class 11  /  Business Studies  /  International Business 1

  • 1. 
    Which one of the following is not amongst India’s major trading partners?

  • USA
  • UK
  • Germany
  • New Zealand

  • 2. 
    Which one of the following is not amongst India’s major export items?

  • Textiles and garments
  • Gems and jewellery
  • Oil and petroleum products
  • Basmati rice

  • 3. 
    Which one of the following modes of entry permits greatest degree of control over overseas operations?

  • Licensing/franchising
  • Wholly owned subsidiary
  • Contract manufacturing
  • Joint venture

  • 4. 
    Which of the following is not an advantage of exporting?

  • Easier way to enter into international markets
  • Comparatively lower risks
  • Limited presence in foreign markets
  • Less investment requirements

  • 5. 
    Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

  • Licensing
  • Franchising
  • Contract manufacturing
  • Joint venture

  • 6. 
    The OECD stands for:

  • Organization for Economic Co-operation and Development
  • Organization for Economic Coordination and Development
  • Organization for Environmental Cooperation and Development.
  • Organization for Environmental Control and Development

  • 7. 
    _______ is the first step in the internationalization process.

  • License
  • Foreign Investment
  • Sales
  • Export

  • 8. 
    The main promoter of trade liberalization was

  • GATT
  • NAFTA
  • CEPTA
  • CISA

  • 9. 
    NAFTA stands for

  • North African trade association
  • North American free trade agreement
  • Northern Atlantic trade agreement
  • Northern association for trade

  • 10. 
    The WTO was established to implement the final act of Uruguay Round agreement of ……

  • MFA
  • GATT
  • TRIP’s
  • UNO
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