This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 10 International Business – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following EPZs is located in Gujarat? A) Kandla. B) Santa Cruz. C) Falta. D) Cochin. Show Answer Correct Answer: A) Kandla. 2. Leapfrogging is typical for each of the following models of internationalization: A) NETWORK INTERNATIONALIZATION MODEL. B) SEQUENTIAL MODEL. C) SIMULTAN MODEL. D) MARKETING INTERNATIONALIZATION MODEL. Show Answer Correct Answer: C) SIMULTAN MODEL. 3. All of the choices are the concerning regarding to the different religion markets except: A) Promotion campaign. B) Product design. C) Words. D) Advertising clip story. Show Answer Correct Answer: A) Promotion campaign. 4. Business Transactions can be done in various ways: A) Licensing. B) Management Contracting. C) Franchising. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. The Heckscher-Ohlin theory emphasizes: A) Product life stages. B) Differences in factor endowments. C) Economies of scale. D) Differences in technology between nations. Show Answer Correct Answer: B) Differences in factor endowments. 6. Which of the following is a support typically provided by a franchisor? A) Ownership of the franchisee's company. B) Training and advertising. C) Only technology transfer. D) Only brand licensing. Show Answer Correct Answer: B) Training and advertising. 7. Framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation's performance. A) PESTEL. B) Value Proposition Canva Model. C) Entrepreneurial ecosystem model. D) Five Forces Analysis. Show Answer Correct Answer: A) PESTEL. 8. In Entrepot Trade, what is the purpose of importing goods? A) For sale in the importing country. B) For consumption within the importing country. C) For re-exporting to a third country. D) For storage in the importing country. Show Answer Correct Answer: C) For re-exporting to a third country. 9. What is a revenue tariff designed to do? A) Encourage exports. B) Limit imports. C) Protect domestic industries. D) Raise money for the government. Show Answer Correct Answer: D) Raise money for the government. 10. The gives an indication of the London Stock Exchange. A) HIS. B) FTSE 100. C) NIKKEI. D) NYSE. Show Answer Correct Answer: B) FTSE 100. 11. ..... includes business organizations, community activities, religious/political organizations, family, and friends. A) Social & Cultural Factors. B) Demographics. C) Psychographics. D) Consumer Behavior. Show Answer Correct Answer: D) Consumer Behavior. 12. The following statement are disadvantages of regional economic integration EXCEPT A) Trade diversion. B) Creating of trading blocs. C) Loss of national sovereignty. D) Regional product and marketing. Show Answer Correct Answer: D) Regional product and marketing. 13. Which is a joint venture? A) An organization that does business in several countries. B) An agreement between two or more companies to share a business project. C) All the above. D) None of the above. Show Answer Correct Answer: B) An agreement between two or more companies to share a business project. 14. The three types of political systems are Democracy, Totalitarianism, Mixed Systems A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 15. What is the primary function of the IMF? A) Overseeing product quality in global markets. B) Organizing international trade conferences. C) Supporting countries during economic crises. D) None of the above. Show Answer Correct Answer: C) Supporting countries during economic crises. 16. Which brand is known for spending over £10 million on a single Christmas advert? A) Sainsbury's. B) Boots. C) John Lewis. D) Tesco. Show Answer Correct Answer: C) John Lewis. 17. What is the main motivation for companies to consider a joint venture as a mode of entry? A) To divide the risk with other parties and leverage each other's strengths. B) To gain control of the target's operations. C) To avoid the expense of establishing operations in the new country. D) To acquire the right to use products and goods. Show Answer Correct Answer: A) To divide the risk with other parties and leverage each other's strengths. 18. What is one source of secondary international data? A) Surveys. B) Government Agencies. C) Interviews. D) Focus Groups. Show Answer Correct Answer: B) Government Agencies. 19. What are the potential benefits of doing business on a foreign planet? A) To learn about alien technology. B) To expand market reach and increase sales. C) To compete in intergalactic sports events. D) To learn alien languages. Show Answer Correct Answer: B) To expand market reach and increase sales. 20. Any activity which slows or outright blocks the free exchange of goods and services between nations. A) Currency Exchange. B) Voluntary Trade. C) Specialization. D) Embargo. Show Answer Correct Answer: D) Embargo. 21. If nations limit trade in of clothing who will benefit? A) Domestic producers of clothing. B) Domestic Consumers of clothing. C) Foreign Producers of clothing. D) Department stores who sell clothing. Show Answer Correct Answer: A) Domestic producers of clothing. 22. Corporate Social Responsibility (CSR) is a company's commitment to conducting its business in an ethical and socially responsible manner. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 23. Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes. This is a(n) ..... A) Tariff. B) Quota. C) Embargo. D) None of the above. Show Answer Correct Answer: A) Tariff. 24. Which of the following is a definition of multinational enterprises? A) A company employing foreign nationals. B) A company headquartered in one country but having operations in other countries. C) A company operating in emerging economies. D) None of the above. Show Answer Correct Answer: B) A company headquartered in one country but having operations in other countries. 25. To discuss a deal or problem in the hope of reaching an agreement. A) Negotiate. B) Consumer. C) Market. D) Trade barrier. Show Answer Correct Answer: A) Negotiate. 26. Modern ..... trace their intellectual roots to Karl Marx. A) Capitalists. B) Separatists. C) Socialists. D) Federalists. Show Answer Correct Answer: C) Socialists. 27. From which nation we have learned a lot of things about QUALITY A) China. B) Germany. C) Mexico. D) Japan. E) U.S.A. Show Answer Correct Answer: D) Japan. 28. What type of currency is used in the EU (European Union)? A) Euro. B) Lyre. C) Dollar. D) Peso. Show Answer Correct Answer: A) Euro. 29. It is possible to identify multinational firms that find themselves in the fortunate position of being confronted with low cost pressures and low pressures for local responsiveness. A) International Strategy. B) Localization Strategy. C) Differences in consumer tastes and preferences. D) Global Standardization Strategy. E) Differences in distribution channels. Show Answer Correct Answer: A) International Strategy. 30. Packaging credit is also known as: A) Non of these. B) Post-shipment credit. C) Buyers Credit. D) Pre-shipment credit. Show Answer Correct Answer: D) Pre-shipment credit. 31. Which of these is considered a sociocultural environment factor? A) Exchange rates. B) Local customs and traditions. C) Foreign trade policies. D) Inflation rates. Show Answer Correct Answer: B) Local customs and traditions. 32. Which institution offers financial support and resources for development projects and investments in emerging economies? A) Export Credit Agencies. B) Private Equity Firms. C) Venture Capitalists. D) Multilateral Development Banks. Show Answer Correct Answer: D) Multilateral Development Banks. 33. Identify the theory that predicts that countries will export those goods that make intensive use of factors that are locally abundant. A) Heckscher-Ohlin theory. B) New trade theory. C) Theory of comparative advantage. D) Ricardo theory. Show Answer Correct Answer: A) Heckscher-Ohlin theory. 34. Of which of the trading blocs is NAFTA an example? A) Common market. B) Economic unions. C) Customs unions. D) Free Trade area. Show Answer Correct Answer: D) Free Trade area. 35. Which Indian ministry introduced the EXIM policy? A) Ministry of Finance. B) Ministry of Commerce and Industry. C) Ministry of Foreign Affairs. D) Ministry of Corporate Affairs. Show Answer Correct Answer: B) Ministry of Commerce and Industry. 36. Why is India seeking Foreign Direct Investment? A) To increase tariffs on imports. B) To reduce foreign influence in the economy. C) To boost economic growth and create jobs. D) To limit competition from local businesses. Show Answer Correct Answer: C) To boost economic growth and create jobs. 37. Which of the following terms is used to refer to the positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts? A) Values. B) Attitudes. C) Customs. D) Traditions. Show Answer Correct Answer: B) Attitudes. 38. What are the potential negative/s of currency devaluation for businesses? A) Weakening purchasing power. B) All of the above. C) Less profits (if you are owned by an overseas company). D) Rising cost of imported materials. Show Answer Correct Answer: B) All of the above. 39. All of the following are benefits of international business except A) Expanded business opportunities. B) Increased sources of raw materials. C) Decreased competition. D) Improved political relationships. Show Answer Correct Answer: C) Decreased competition. 40. What are the challenges of international business? A) Cultural differences, language barriers, legal and regulatory complexities, currency exchange rates, political instability, and logistical challenges. B) Lack of government support, lack of infrastructure, lack of access to capital. C) High competition, lack of financial resources, lack of market knowledge. D) Lack of technological advancements, lack of skilled workforce, lack of market demand. Show Answer Correct Answer: A) Cultural differences, language barriers, legal and regulatory complexities, currency exchange rates, political instability, and logistical challenges. 41. What measures the amount of money a country owes another country? A) Import. B) Foreign policy. C) Balance of Trade. D) Foreign Debt. Show Answer Correct Answer: D) Foreign Debt. 42. Some key problem-solving skills include:*Active listening.*Analysis.*Research.*Creativity.*Communication.*Dependability.*Decision making. *Team-building. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 43. Intercultural communication can be difficult. A) TRUE. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 44. Which benefit of trade and FDI allows consumers to access a wide range of products at competitive prices? A) Limited Product Variety. B) Increased Tariffs. C) Reduced Competition. D) Consumer Benefits. Show Answer Correct Answer: D) Consumer Benefits. 45. If a country exports more than it imports it has a A) Trade surplus. B) Trade balance. C) Trade deficit. D) Trade wind. Show Answer Correct Answer: A) Trade surplus. 46. The Euro is currently used in ..... A) All EU member countries. B) All European countries. C) 19 EU countries. D) Schengen countries only. Show Answer Correct Answer: C) 19 EU countries. 47. Arrangement between two or more countries to remove restrictions between them while imposing the barriers from countries NOT included in the bloc. A) Trading Bloc. B) Treaty. C) Tariff. D) None of the above. Show Answer Correct Answer: A) Trading Bloc. 48. In the WTO organizational hierarchy, which body meets biennially and serves as the top decision-making authority? A) Ministerial Conference. B) General Council in Geneva. C) Dispute Settlement Body. D) Council for Trade in Goods. Show Answer Correct Answer: A) Ministerial Conference. 49. When doing a creditability study of your counterpart, which of the following is not included in the creditability report? A) Business scope. B) Executive's hobbies. C) Capital held. D) Credit status. Show Answer Correct Answer: B) Executive's hobbies. 50. In 2010, Mexico imposed a limit of 250, 000 tons of sugar that could be imported into Mexico. This is a(n) ..... A) Tariff. B) Quota. C) Embargo. D) None of the above. Show Answer Correct Answer: B) Quota. 51. In ..... business buyers and sellers can be from different countries A) Domestic. B) International. C) All the above. D) None of the above. Show Answer Correct Answer: B) International. 52. One of the objectives of international business is to increase sales fluctuations? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 53. This country is the largest source of immigration to the United States. A) Canada. B) Columbia. C) Mexico. D) None of the above. Show Answer Correct Answer: C) Mexico. 54. Which factor best explains the experience-curve effect that helps multinational firms reduce unit costs over time? A) Greater local responsiveness to each market. B) Higher tariffs and trade barriers. C) Institutional ownership structure in the home country. D) Learning-by-doing and accumulated production experience. Show Answer Correct Answer: D) Learning-by-doing and accumulated production experience. 55. Which company is MOST LIKELY to adopt a product-based global structure? A) A logistics SME. B) A local grocery chain. C) A global car manufacturer. D) A consultancy firm. Show Answer Correct Answer: C) A global car manufacturer. 56. European Union (EU) A) An alliance that promotes open trade and economic and technical cooperation among member nations throughout asia. B) Strongly held concepts that are present in a culture. Values are connected to powerful emotions. C) A free trade zone encompassing 27 European countries. D) None of the above. Show Answer Correct Answer: C) A free trade zone encompassing 27 European countries. 57. How does comparative advantage influence international trade? A) Comparative advantage leads to specialization and trade, allowing countries to benefit from lower opportunity costs and increased efficiency. B) It encourages countries to produce everything they need domestically. C) Comparative advantage reduces the need for trade between countries. D) Comparative advantage has no impact on a country's economic growth. Show Answer Correct Answer: A) Comparative advantage leads to specialization and trade, allowing countries to benefit from lower opportunity costs and increased efficiency. 58. What is one reason why people all over the world buy the same products? A) Because all products are free. B) Because people have the same tastes and preferences. C) Because companies sell only in their own country. D) Because no one uses technology. Show Answer Correct Answer: B) Because people have the same tastes and preferences. 59. How can imports affect a country's exchange rates? A) They have no effect on exchange rates. B) They always strengthen the domestic currency. C) They can increase demand for foreign currencies. D) They always weaken foreign currencies. Show Answer Correct Answer: C) They can increase demand for foreign currencies. 60. The ..... Declaration of human rights is the common standard of achievement for all peoples and all nations. A) International. B) National. C) Universal. D) Global. Show Answer Correct Answer: C) Universal. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 10 International Business Quiz 1Class 11 Business Studies Chapter 10 International Business Quiz 2Class 11 Business Studies Chapter 10 International Business Quiz 4Class 11 Business Studies Chapter 10 International Business Quiz 5Class 11 Business Studies Chapter 10 International Business Quiz 6Class 11 Business Studies Chapter 10 International Business Quiz 7Class 11 Business Studies Chapter 10 International Business Quiz 8Class 11 Business Studies Chapter 10 International Business Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books