This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 59 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 59 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Transfer pricing can be used by multinational firms to shift profits to low-tax jurisdictions A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 2. THE WORLD BANK WAS FORMED IN THE YEAR ..... A) 1944. B) 1945. C) 1946. D) 1947. Show Answer Correct Answer: A) 1944. 3. The following is the component of support activities EXCEPT ..... A) Information system. B) Logistics. C) Human resources. D) R & D. Show Answer Correct Answer: D) R & D. 4. What does the term "economic environment" include in the context of international business? A) Only the legal framework. B) Factors such as GDP, employment rates, and inflation. C) Cultural norms and values. D) Natural resource availability. Show Answer Correct Answer: B) Factors such as GDP, employment rates, and inflation. 5. Pressures for global integration-lowpressures for local responsiveness-low A) Global strategy. B) International strategy. C) Transnational strategy. D) Multidomestic strategy. Show Answer Correct Answer: B) International strategy. 6. According to Ricardo's theory of comparative advantage, a country should produce goods ..... A) For which it has access to raw materials. B) That it produces most efficiently. C) That have the highest domestic demand. D) For which it has an absolute advantage. Show Answer Correct Answer: B) That it produces most efficiently. 7. The AIIB was established mainly to: A) Promote free trade. B) Fund infrastructure projects in Asia. C) Regulate foreign exchange. D) Support agricultural development. Show Answer Correct Answer: B) Fund infrastructure projects in Asia. 8. ..... was replaced by WTO on January 1, 1995. A) NAFTA. B) IMF. C) IRDB. D) GATT. Show Answer Correct Answer: D) GATT. 9. What is an initial public offering? A) Is when the State buys the shares of a company. B) A company offers their shares to the workers at first. C) Is the arrangement for the shares to be listed on one or more stock exchanges. D) It is the start of the stock exchange operations. Show Answer Correct Answer: C) Is the arrangement for the shares to be listed on one or more stock exchanges. 10. Which element of culture involves the artistic expressions, such as music, literature, and visual arts, of a society? A) Language. B) Aesthetics. C) Religion. D) Social Organization. Show Answer Correct Answer: B) Aesthetics. 11. Which explanation states that when firms produce more products, they can learn ways to improve production efficiency, causing producing cost to decline by a predictable amount? A) International product life cycle. B) Overlapping demand. C) Economies of scale and the experience curve. D) National competitive advantage from regional clusters. Show Answer Correct Answer: C) Economies of scale and the experience curve. 12. In this country people take great offense to visitors putting salt on their food particularly if you are a visitor at their home. This country is also home to the longest river in the world. A) South Africa. B) Egypt. C) Singapore. D) None of the above. Show Answer Correct Answer: B) Egypt. 13. What is the term for an agreement between two or more countries to reduce barriers to trade among themselves? A) Trade embargo. B) Free trade agreement. C) Protectionist policy. D) Import quota. Show Answer Correct Answer: B) Free trade agreement. 14. Any organization that engages in cross-border commercial transactions with individuals, private firms, and/or public sector organizations is a(n) ..... A) Multinational corporation. B) Multinational enterprise. C) International business. D) Franchise. Show Answer Correct Answer: C) International business. 15. In which stage of going global do companies find ways to increase their cost savings by redesigning their manufacturing processes? A) Market entry. B) Creation of new markets. C) Value chain re-engineering. D) Value chain disaggregation. Show Answer Correct Answer: C) Value chain re-engineering. 16. Indian rupee was partially convertible since March A) 1989. B) 1990. C) 1991. D) 1992. Show Answer Correct Answer: D) 1992. 17. A ..... is a limit of how much of a product can be brought into a country during a specific time. A) Quota. B) Tariff. C) Law. D) None of the above. Show Answer Correct Answer: A) Quota. 18. They developed the Factor proportions Theory. A) Heckcher and Ohlin. B) Heckscher and Olhin. C) Heckcher and Olin. D) Heckscher and Ohlin. Show Answer Correct Answer: D) Heckscher and Ohlin. 19. Why is cultural consideration important in international business? A) To ignore cultural differences and impose one's own preferences on the target market. B) To understand and respect cultural differences and adapt to the preferences of the target market. C) To create misunderstandings and conflicts with the target market. D) To limit business opportunities and hinder growth in the target market. Show Answer Correct Answer: B) To understand and respect cultural differences and adapt to the preferences of the target market. 20. What does the IMF (International Monetary Fund) do? A) Builds houses in poor countries. B) Acts like an economic doctor that helps countries in crisis. C) Helps people find jobs. D) Stops inflation from happening in all countries. Show Answer Correct Answer: B) Acts like an economic doctor that helps countries in crisis. 21. What is the main motivation for companies to consider a partnership as a mode of entry? A) Avoiding the expense of establishing operations in the new country. B) Risk and reward sharing. C) Acquiring the right to use products and goods. D) Gaining control of the target's operations. Show Answer Correct Answer: B) Risk and reward sharing. 22. What transactions can be carried out on the Stock Exchange Market? A) Buying and selling cars. B) Buying and selling real estate. C) Purchase and sale of food products. D) Buying and selling stocks, bonds, futures, options and other financial instruments. Show Answer Correct Answer: D) Buying and selling stocks, bonds, futures, options and other financial instruments. 23. What is the main function of the WTO? A) To provide financial aid to developing countries. B) To regulate international labor standards. C) To promote free trade and reduce trade barriers. D) To resolve environmental disputes between countries. Show Answer Correct Answer: C) To promote free trade and reduce trade barriers. 24. An investor wants to invest in a country that has a high gross national income (GNI). Which of the following countries would most likely qualify as a prospect? A) Nepal. B) India. C) Japan. D) Vietnam. Show Answer Correct Answer: C) Japan. 25. Which of the following is an example of SMIE activity? A) A small bakery exporting cookies to Singapore. B) Google launching a new app. C) Toyota building a global plant. D) Microsoft opening an overseas office. Show Answer Correct Answer: A) A small bakery exporting cookies to Singapore. ← 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