CBSE Class 11 Business Studies International Business 1 Quiz 1

1. Which one of the following is not amongst India’s major trading partners?

A USA B UK C Germany D New Zealand

2. Which one of the following is not amongst India’s major export items?

A Textiles and garments B Gems and jewellery C Oil and petroleum products D Basmati rice

3. Which one of the following modes of entry permits greatest degree of control over overseas operations?

A Licensing/franchising B Wholly owned subsidiary C Contract manufacturing D Joint venture

4. Which of the following is not an advantage of exporting?

A Easier way to enter into international markets B Comparatively lower risks C Limited presence in foreign markets D Less investment requirements

5. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

A Licensing B Franchising C Contract manufacturing D Joint venture

6. The OECD stands for:

A Organization for Economic Co-operation and Development B Organization for Economic Coordination and Development C Organization for Environmental Cooperation and Development. D Organization for Environmental Control and Development

7. _______ is the first step in the internationalization process.

A License B Foreign Investment C Sales D Export

8. The main promoter of trade liberalization was

A GATT B NAFTA C CEPTA D CISA

9. NAFTA stands for

A North African trade association B North American free trade agreement C Northern Atlantic trade agreement D Northern association for trade

10. The WTO was established to implement the final act of Uruguay Round agreement of ……

A MFA B GATT C TRIP’s D UNO