This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 69 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 69 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are Financial Market Reforms? A) Advocating for financial sector reforms to enhance financial stability, promote access to capital, and improve the efficiency of financial markets. B) Implementing agricultural subsidies to support rural farmers. C) Establishing new trade routes to increase international commerce. D) Promoting cultural festivals to boost tourism. Show Answer Correct Answer: A) Advocating for financial sector reforms to enhance financial stability, promote access to capital, and improve the efficiency of financial markets. 2. Who sets the foreign exchange rate? A) State Bank. B) Government Bank. C) Private Bank. D) Central Bank. Show Answer Correct Answer: D) Central Bank. 3. A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989. A) The UN. B) NAFTA. C) NATO. D) IMF. Show Answer Correct Answer: B) NAFTA. 4. What is SWOT stand for? A) Strong, Weak, Opportunity & Threat. B) Sucess, Weak, Opportunity, Time. C) Strengths, Weaknesses, Opportunities & Threats. D) Strengths, Weakness, Opportunities, Time. Show Answer Correct Answer: C) Strengths, Weaknesses, Opportunities & Threats. 5. What is not a part of diamond model? A) Natural resources. B) Domestic demand. C) Domestic competitors. D) Supporting industries. E) Strategic industries. Show Answer Correct Answer: E) Strategic industries. 6. Why might a business seek to achieve economies of scale? A) Increase costs. B) Reduce efficiency. C) Lower per-unit cost. D) Decrease revenue. Show Answer Correct Answer: C) Lower per-unit cost. 7. Why is cultural understanding important in developed and emerging markets? A) It helps businesses reduce production costs. B) It ensures legal compliance. C) It allows firms to better tailor marketing, product features, and management styles. D) It's only important for luxury brands. Show Answer Correct Answer: C) It allows firms to better tailor marketing, product features, and management styles. 8. Which is referred to the risks arising from economic factors through economic transactions and other economic activities A) Translation Exposure. B) Scientific Exposure. C) Economic Exposure. D) Exchange Exposure. Show Answer Correct Answer: C) Economic Exposure. 9. When a country has more than it needs of something, that's called a ..... A) Shortage. B) Surplus. C) False, it isn't called anything. D) Specialization. Show Answer Correct Answer: B) Surplus. 10. How did the financial crisis of 2008 affect debates around the IMF? A) It led to renewed debates around the pros and cons of IMF conditionality. B) It resulted in the signing of the Paris Agreement. C) It increased greenhouse gas emissions. D) It ended the need for technical assistance to developing countries. Show Answer Correct Answer: A) It led to renewed debates around the pros and cons of IMF conditionality. 11. Which organization ensures that trade agreements do not lead to trade diversion? A) IMF. B) WTO. C) NAFTA. D) EU. Show Answer Correct Answer: B) WTO. 12. Apa tujuan utama dari penerapan tarif ekspor? A) Meningkatkan jumlah ekspor. B) Mengurangi biaya produksi. C) Menjamin pasokan barang yang cukup di dalam negeri. D) Meningkatkan kualitas barang. Show Answer Correct Answer: C) Menjamin pasokan barang yang cukup di dalam negeri. 13. The value of one currency in terms of another. A) Exchange Rate. B) Term Currency. C) Currency Term. D) None of the above. Show Answer Correct Answer: A) Exchange Rate. 14. What is one of the characteristics that distinguishes foreign trade from inland trade? A) The separation of buyers and producers from different countries. B) The need for foreign currency. C) The involvement of middlemen. D) The absence of restrictions. Show Answer Correct Answer: A) The separation of buyers and producers from different countries. 15. What is the main advantage of exporting as a mode of entry? A) Gaining control of the target's operations. B) Sharing risks and expertise with another enterprise. C) Avoiding the expense of establishing operations in the new country. D) Gaining access to local expertise. Show Answer Correct Answer: C) Avoiding the expense of establishing operations in the new country. 16. FEMA was enacted in which year? A) 1986. B) 1991. C) 1999. D) 2005. Show Answer Correct Answer: C) 1999. 17. Apa yang dimaksud dengan "Bans" dalam konteks kebijakan perdagangan? A) Pengenaan pajak pada barang impor. B) Larangan total terhadap impor atau ekspor. C) Pemberian subsidi kepada produsen lokal. D) Pembatasan jumlah barang yang dapat diekspor. Show Answer Correct Answer: B) Larangan total terhadap impor atau ekspor. 18. A joint venture is: A) 100% foreign-owned firm. B) Collaboration between two or more firms for a project. C) Selling products online. D) A type of tariff. Show Answer Correct Answer: B) Collaboration between two or more firms for a project. 19. Which of the following is an example of a political union? A) The EU. B) The United States. C) The British Commonwealth. D) The Andean Community. Show Answer Correct Answer: B) The United States. 20. Which of the following is a common motive for a company to enter foreign markets? A) To increase sales and profits. B) To maintain domestic market share. C) To avoid competition. D) To reduce production costs exclusively. Show Answer Correct Answer: A) To increase sales and profits. 21. Which of the following is a major disadvantage of the product life-cycle theory introduced by Vernon? A) The theory's arguments seem ethnocentric and increasingly dated. B) The theory failed to explain the dominance of developed nations. C) The theory applies only when a poor nation invents a new product. D) The theory cannot be used to explain the production of luxury products. Show Answer Correct Answer: A) The theory's arguments seem ethnocentric and increasingly dated. 22. What is the main focus of competitive dynamics? A) The process of fixing prices. B) The actions and responses undertaken by competing firms. C) The creation of new products. D) The reduction of market barriers. Show Answer Correct Answer: B) The actions and responses undertaken by competing firms. 23. International Business is defined as business activities that involve the transfer of resources, goods, services, and skills: A) Within a single state. B) Across national boundaries. C) Between the government and private sector only. D) Strictly through digital platforms. Show Answer Correct Answer: B) Across national boundaries. 24. What does a global supply chain includes? A) Manufacturer, suppliers, transportation partners, warehouses, retailers, government. B) Main company, transportation partners, warehouses, retailers, customers. C) Manufacturer, suppliers, transportation partners, warehouses, retailers, customers. D) Manufacturer, suppliers, logistics, retailers, government. Show Answer Correct Answer: C) Manufacturer, suppliers, transportation partners, warehouses, retailers, customers. 25. What is the definition of comparative advantage? A) When a country can produce/export an item relatively better than other countries. B) When a country can produce/export an item better than any other country. C) When a country sells the right to use some type of intangible property. D) When a country has a trade surplus. Show Answer Correct Answer: A) When a country can produce/export an item relatively better than other countries. ← 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