This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 93 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 93 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are Structural Reforms? A) Recommending structural changes in domestic economies to increase competitiveness, boost productivity, and foster innovation. B) Implementing only monetary policies to control inflation. C) Focusing solely on increasing government spending. D) Reducing taxes for large corporations without any other changes. Show Answer Correct Answer: A) Recommending structural changes in domestic economies to increase competitiveness, boost productivity, and foster innovation. 2. Formal trade barriers are culture, traditions, and religion of a country. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: B) FALSE. 3. Which institution provides temporary financial assistance to countries with balance of payments problems? A) International Monetary Fund (IMF). B) World Trade Organization (WTO). C) Basel Committee. D) Kyoto Protocol. Show Answer Correct Answer: A) International Monetary Fund (IMF). 4. It is polite to wear a face mask in Japan if you are sick? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Tariffs, quotas, and boycotts are examples of A) Civil Unrest. B) Political Unrest. C) Trade Barriers. D) Non of these. Show Answer Correct Answer: C) Trade Barriers. 6. International business refers to the trade of ..... A) Goods. B) Service. C) Technology. D) All the above. Show Answer Correct Answer: D) All the above. 7. What is the primary goal of a company making an FDI? A) To acquire foreign debt. B) To gain a controlling interest. C) To sell foreign assets. D) To reduce foreign taxes. Show Answer Correct Answer: B) To gain a controlling interest. 8. How does International Business effect you as a consumer? A) Income of the consumer. B) The prices of consumer goods that are produced and sold in the domestic market. C) The economy of the country. D) Purchasing Power of the consumer. Show Answer Correct Answer: B) The prices of consumer goods that are produced and sold in the domestic market. 9. Which of the following is NOT one of the three basic decisions a firm must make when expanding internationally? A) Which markets to enter. B) When to exit the market. C) When to enter those markets. D) On what scale to enter those markets. Show Answer Correct Answer: B) When to exit the market. 10. Under which of the following is the tasks relating to export/import of goods are carried out by middlemen? A) Direct export/import. B) Indirect export/import. C) All the above. D) None of the above. Show Answer Correct Answer: B) Indirect export/import. 11. According to Smith, international trade is A) Win-win game. B) 0-sum game. C) All the above. D) None of the above. Show Answer Correct Answer: A) Win-win game. 12. In a democratic political system, citizens have the right to elect their leaders and influence government policies. A) Power is held by a single leader. B) The media is controlled by the government. C) Opposition parties are banned. D) Citizens can vote and participate in decision-making. Show Answer Correct Answer: D) Citizens can vote and participate in decision-making. 13. What factors have influenced the level of economic freedom in Singapore? A) The government's significant engagement in public housing and healthcare. B) A compact yet effective government. C) Strong protection of property rights. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Name one source of finance for international trade and investment. A) Export financing, foreign direct investment (FDI), or international capital markets. B) Local grocery store sales. C) Personal savings for household expenses. D) Domestic retail banking for local shopping. Show Answer Correct Answer: A) Export financing, foreign direct investment (FDI), or international capital markets. 15. India is not associated with ..... A) SAARC. B) NAFTA. C) BRICS. D) None of these. Show Answer Correct Answer: B) NAFTA. 16. An example of global dependency is when products are produced and used in the same country. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 17. Avoidance of legal barriers and import tarrifs A) Benefits. B) Limitations. C) All the above. D) None of the above. Show Answer Correct Answer: A) Benefits. 18. Mengapa Tarif disebut hanya menguntungkan produsen? A) Karena Tarif akan menjadi penambah permintaan produk luar negeri. B) Karena tarif mengurangi permintaan produk dengan menaikkan harga barang yang dibeli konsumen. C) Karena tarif mengurangi biaya produksi produsen dalam negeri. D) Karena tarif mengurangi pajak yang dibebankan pemerintah kepada produsen (karena pemerintah sudah diuntungkan oleh tarif). Show Answer Correct Answer: B) Karena tarif mengurangi permintaan produk dengan menaikkan harga barang yang dibeli konsumen. 19. North American Free Trade Agreement (NAFTA) promotes the movement of goods between participating countries without restrictive: A) A imports or exports. B) B imports and trade. C) C tariffs or quotas. D) D domestic and offshore. Show Answer Correct Answer: C) C tariffs or quotas. 20. The system or process of converting one national currency into another and transferring money from one country to another is A) Exchange Control. B) Foreign Exchange. C) Exchange Rate. D) Currency Exchange. Show Answer Correct Answer: B) Foreign Exchange. 21. Which of the following best defines culture in the context of international business? A) A set of formal business practices followed by a company. B) The shared values, beliefs, customs, and behaviours of a group of people. C) The financial systems and economic conditions of a country. D) The technological advancements used in a business. Show Answer Correct Answer: B) The shared values, beliefs, customs, and behaviours of a group of people. 22. When export is greater than import, the balance of trade is A) Favourable. B) Adverse. C) Equilibrium. D) None of these. Show Answer Correct Answer: A) Favourable. 23. What is 'Market Receptivity' used to measure? A) Cultural differences. B) Market potential. C) Competitor analysis. D) Market size. Show Answer Correct Answer: B) Market potential. 24. Which of the following is not factors supporting the boom in the demand for technology? A) Changes in leisure, entertainment and consumption preferences. B) Increase in teleworking or hybrid working environments. C) US friendly policy on technology. D) Digitization in sectors such as education and health. Show Answer Correct Answer: C) US friendly policy on technology. 25. Letter of credit is issued by: A) Importer. B) Banker of Importer. C) Customs Officer. D) None of these. Show Answer Correct Answer: B) Banker of Importer. ← 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