This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 33 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 33 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Negative reaction to a gesture or action would be considered a A) Political Factor. B) Economic Factor. C) Sociocultural Factor. D) Technological Factor. Show Answer Correct Answer: C) Sociocultural Factor. 2. What is the impact of standardization on brand experience? A) Diverse brand experience. B) Consistent brand experience. C) Localized brand experience. D) Variable brand experience. Show Answer Correct Answer: B) Consistent brand experience. 3. T/F:Banking is an example of an international service trade. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 4. A situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country. A) New trade. B) Free trade. C) International trade. D) None of the above. Show Answer Correct Answer: B) Free trade. 5. What are the advantages of strategic alliances in global business? A) Access to new markets. B) Increased competition. C) Isolation from global markets. D) Reduction in innovation. Show Answer Correct Answer: A) Access to new markets. 6. To be culturally sensitive, international businesses must be careful about how brand names A) Affect domestic sales. B) Translate into other languages. C) Look in different fonts. D) Relate to the company. Show Answer Correct Answer: B) Translate into other languages. 7. (a) is a system in which the government owns the nation's land, factories, and other economic resources A) A. Centrally planned system. B) Free market system. C) Open system. D) None of the above. Show Answer Correct Answer: A) A. Centrally planned system. 8. What defines Small and Medium-Sized International Enterprises (SMIEs) in the context of international business? A) Firms with fewer than 50 employees and limited international presence. B) Firms with significant international operations and revenues in multiple countries. C) Firms with 50-500 employees and operations in one or more international markets. D) Large corporations with extensive global networks and high revenues. Show Answer Correct Answer: C) Firms with 50-500 employees and operations in one or more international markets. 9. "The goods were not loaded on the ship as they did not get the custom clearance due to lack of one of the main document."Identify the document which was required among the following:- A) Bill of clearance. B) Custom bill. C) Shipping bill. D) Bill of exchange. Show Answer Correct Answer: C) Shipping bill. 10. Gross Domestic Product (GDP) is: A) The measure of the amount of money a country owes to other countries. B) The measure of the output of products created within a country. C) The measure of the difference between what a country sells versus what a country buys from other countries. D) None of the above. Show Answer Correct Answer: B) The measure of the output of products created within a country. 11. What role does technology play in international marketing? A) Technology plays a crucial role in enabling global communication, data analysis, and e-commerce in international marketing. B) Technology is primarily used for product manufacturing. C) Technology has no impact on consumer behavior. D) Technology only affects local marketing strategies. Show Answer Correct Answer: A) Technology plays a crucial role in enabling global communication, data analysis, and e-commerce in international marketing. 12. For a host country that receives the investment, it can provide:organizational technologies and management skills, and as such it can provide a strong impetus for economic development. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 13. Among the factors that affect the balance of trade figures are A) Exchange rates, taxes, tariffs and trade measures. B) The business cycle at home or abroad. C) Trade barriers and agreements. D) Non tariff barriers. Show Answer Correct Answer: A) Exchange rates, taxes, tariffs and trade measures. 14. Australia's main export in 2014 to the UK was ..... A) Beef. B) Gold. C) Pearls. D) Silver. Show Answer Correct Answer: B) Gold. 15. The internal environment of international business includes: A) Political systems. B) Technological advances. C) Marketing strategies. D) Cultural differences. Show Answer Correct Answer: C) Marketing strategies. 16. UNIT 1:ABOUT YOUDIALOGUEA: ..... at the International Credit Bank?B:I'm in a legal department. I'm a lawyer. A) What's your job description. B) Who do you work for. C) What do you do. D) Where's your work. Show Answer Correct Answer: C) What do you do. 17. Which one of the following is not amongst India's major import items? A) Ayurvedic medicines. B) Oil & petroleum products. C) Pearls & precious products. D) Machinery. Show Answer Correct Answer: A) Ayurvedic medicines. 18. Which country's Christmas Eve dinner includes 12 meat-free dishes? A) Ukraine. B) Portugal. C) Argentina. D) Finland. Show Answer Correct Answer: A) Ukraine. 19. What is a Foreign Exchange Market? A) The awareness and understanding of cultural differences, norms, and values when conducting business internationally. B) The policy of allowing the trade of goods and services without tariffs or other restrictions. C) The exchange of one currency for another, necessary for international trade. D) The network of entities involved in the production and distribution of goods and services. Show Answer Correct Answer: C) The exchange of one currency for another, necessary for international trade. 20. In 2014, Australia exported this item the most to Singapore. A) Milk. B) Beef. C) Aircraft parts. D) Petroleum. Show Answer Correct Answer: D) Petroleum. 21. ONE COUNTRY MAY IMPOSE TARIFF IF THE OTHER COUNTRY DID THE SAME THING TO IT. A) INFANT INDUSTRY. B) CONSERVATION OF NATURAL RESOURCES. C) NATIONAL DEFENSE. D) DUMPING. E) RETALIATION. Show Answer Correct Answer: E) RETALIATION. 22. Letter of credit is a document that contains guarantee from the exporter's bank to the importer's bank. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 23. Which of these is an international trade agreement/organization? A) United Nations Educational, Scientific and Cultural Organization (UNESCO). B) United Nations (UN). C) World Trade Organization (WTO). D) Student Nonviolent Coordinating Committee (SNCC). Show Answer Correct Answer: C) World Trade Organization (WTO). 24. A digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority is A) Currency Future. B) Exchange Controls. C) Cryptocurrency. D) Hard Currency. Show Answer Correct Answer: C) Cryptocurrency. 25. When determining the comparative advantage, one must determine A) Specialization. B) Opportunity cost. C) Absolute Advantage. D) None of the above. Show Answer Correct Answer: B) Opportunity cost. ← 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