This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 107 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 107 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An Indian company buying shares of a U.S.-listed company without seeking managerial control is an example of: A) FDI. B) FPI. C) Joint venture. D) Strategic alliance. Show Answer Correct Answer: B) FPI. 2. How can internationalization be viewed according to process models? A) As a single decision made at the start of expansion. B) As a sequence of inter-related expansion decisions over time. C) As only technology licensing. D) As only brand licensing. Show Answer Correct Answer: B) As a sequence of inter-related expansion decisions over time. 3. Makes imported goods more expensive A) Quota. B) Tariff. C) Embargo. D) None of the above. Show Answer Correct Answer: B) Tariff. 4. Why are emerging markets attractive for FDI? A) They have stable legal systems. B) They are only suitable for small businesses. C) They offer growth opportunities despite infrastructure challenges. D) None of the above. Show Answer Correct Answer: C) They offer growth opportunities despite infrastructure challenges. 5. What is Import Trade? A) The purchase or buying of goods or services from a foreign country for consumption in the importing country. B) The sale of goods to a foreign country. C) The export of goods from one country to another. D) The re-export of goods from a third country. Show Answer Correct Answer: A) The purchase or buying of goods or services from a foreign country for consumption in the importing country. 6. Which theory suggests that countries should specialize in producing goods and services they are most efficient at and then trade with other countries for goods and services they lack efficiency in producing? A) Comparative Advantage Theory. B) Mercantilism Theory. C) Absolute Advantage Theory. D) Protectionism Theory. Show Answer Correct Answer: C) Absolute Advantage Theory. 7. In CIF, what costs are included in the seller's responsibility? A) Only product cost. B) Cost, insurance, and freight. C) Delivery to final destination only. D) Import taxes. Show Answer Correct Answer: B) Cost, insurance, and freight. 8. What is the impact of technology on global business? A) Increased efficiency. B) Decreased competition. C) Isolation from global markets. D) Reduction in innovation. Show Answer Correct Answer: A) Increased efficiency. 9. By offering the same basic product worldwide, firms help to create a global market. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 10. When dealing with a MNC, the parent company is usually in the: A) HOME COUNTRY. B) HOST COUNTRY. C) FOREIGN COUNTRY. D) None of the above. Show Answer Correct Answer: A) HOME COUNTRY. 11. When countries make intensive use of locally scarce factors, they should ..... that product. A) Import. B) Export. C) Produce. D) Specialize. Show Answer Correct Answer: A) Import. 12. SMIEs are defined as: A) Local enterprises only. B) Small and medium firms engaged in international trade. C) Large MNEs with global operations. D) State-owned companies. Show Answer Correct Answer: B) Small and medium firms engaged in international trade. 13. Nearshoring is relocating activities to distant countries to save costs. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 14. Which of the following trade theories divides the nations of the world into three categories? A) National competitive advantage of industries. B) Strategic trade. C) Factor endowment. D) Product life cycle. Show Answer Correct Answer: D) Product life cycle. 15. O gain a trade advantage a country should specialize in products or services that it can provide more efficiently than other countries. A) Balance of Trade. B) Comparative Advantage. C) All the above. D) None of the above. Show Answer Correct Answer: B) Comparative Advantage. 16. Which of these is an international marketing strategy? A) Selling identical products in every country. B) Adapting products to fit local tastes. C) Using only one supply chain for all countries. D) Avoiding global advertising. Show Answer Correct Answer: B) Adapting products to fit local tastes. 17. Which of the following is NOT a typical form of international business involvement? A) Ownership of companies. B) Formal partnerships. C) Providing loans. D) Selling exclusively to domestic markets. Show Answer Correct Answer: D) Selling exclusively to domestic markets. 18. What is the main concept behind Globalization of Markets? A) Imposing trade barriers. B) Promoting local products only. C) Merging separate national markets into a global market. D) Creating distinct national markets. Show Answer Correct Answer: C) Merging separate national markets into a global market. 19. Is there an international transfer of technology? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 20. ..... is an agreement between the nations often multiple nation that allows certain goods and services flow across the border. A) Free trade. B) Domestic trade. C) Global. D) None of the above. Show Answer Correct Answer: A) Free trade. 21. A software company uses APIs to allow its customer relationship management system to automatically sync with its accounting software, eliminating manual data entry. This situation is an example of ..... ? A) System integration. B) Cloud migration. C) Digital transformation. D) Process automation. Show Answer Correct Answer: A) System integration. 22. An informal contract may be made with or without writing. This is also termed as bargain or simple contract. A) YES. B) NO. C) All the above. D) None of the above. Show Answer Correct Answer: A) YES. 23. This word comes from the base "busy" + ness, or the act of being busy with money, financial, transactions, sales, and purchasing. A) Quota. B) Resource. C) Currency. D) Business. Show Answer Correct Answer: D) Business. 24. The difference between a country's total exports and total imports is called A) Balance of Trade. B) Balance of Payments. C) All the above. D) None of the above. Show Answer Correct Answer: A) Balance of Trade. 25. The difference between imports and exports is called ..... A) Balance of Power. B) Balance of Trade. C) Trade Deficit. D) Loss. Show Answer Correct Answer: B) Balance of Trade. ← PreviousNext →Related 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 3Class 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 9Class 11 Business Studies Chapter 10 International Business Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books