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Class 11 Business Studies
International Business 1
Quiz 1
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Which one of the following is not amongst India’s major trading partners?
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USA
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UK
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Germany
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New Zealand
Explanation
New Zealand
Which one of the following is not amongst India’s major export items?
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Textiles and garments
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Gems and jewellery
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Oil and petroleum products
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Basmati rice
Explanation
Oil and petroleum products
Which one of the following modes of entry permits greatest degree of control over overseas operations?
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Licensing/franchising
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Wholly owned subsidiary
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Contract manufacturing
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Joint venture
Explanation
Wholly owned subsidiary
Which of the following is not an advantage of exporting?
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Easier way to enter into international markets
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Comparatively lower risks
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Limited presence in foreign markets
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Less investment requirements
Explanation
Limited presence in foreign markets
Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
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Licensing
0%
Franchising
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Contract manufacturing
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Joint venture
Explanation
Contract manufacturing
The OECD stands for:
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Organization for Economic Co-operation and Development
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Organization for Economic Coordination and Development
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Organization for Environmental Cooperation and Development.
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Organization for Environmental Control and Development
Explanation
Organization for Economic Co-operation and Development
_______ is the first step in the internationalization process.
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License
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Foreign Investment
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Sales
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Export
Explanation
License
The main promoter of trade liberalization was
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GATT
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NAFTA
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CEPTA
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CISA
Explanation
GATT
NAFTA stands for
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North African trade association
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North American free trade agreement
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Northern Atlantic trade agreement
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Northern association for trade
Explanation
North American free trade agreement
The WTO was established to implement the final act of Uruguay Round agreement of ……
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MFA
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GATT
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TRIP’s
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UNO
Explanation
GATT
The —————- company produces, markets, invests and operates across the world
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Global
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International
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Transnational
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Multinational
Explanation
Transnational
Select example of Indian Multinational Company
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Hindusthan Unilever
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Videocon
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Cargill
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Tesco
Explanation
Videocon
……. is the payment method most often used in International Trade which offers the exporter best assurance of being paid for the products sold internationally.
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Bill of Lading
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Letter of Credit
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Open Account
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Drafts
Explanation
Letter of Credit
Which of the following is not a force in the Porter Five Forces model?
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Buyers
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Suppliers
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Complementary products
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Industry rivalry
Explanation
Complementary products
Which is not an Indian Multinational Company?
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Unilever
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Asian Paints
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Piramal
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Wipro
Explanation
Unilever
……………is the application of knowledge which redefines the boundaries of global business
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Cultural Values
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Society
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Technology
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Economy
Explanation
Technology
The Theory of Relative Factor Endowments is given by
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David Ricardo
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Adam Smith
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F W Taussig
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Ohlin and Hecksher
Explanation
Ohlin and Hecksher
According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
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Gold Theory
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Ricardo Theory
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Mercantilism
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Hecksher Theory
Explanation
Mercantilism
Which is the right sequence of stages of Internationalization
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Domestic, Transnational, Global, International, Multinational
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Domestic, International, Multinational, Global, Transnational
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Domestic, Multinational, International, Transnational, Global
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Domestic, International, Transnational, Multinational, Global
Explanation
Domestic, International, Multinational, Global, Transnational
IBRD (International Bank for Reconstruction and Development) also known as
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Exim Bank
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World Bank
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International Monetary fund
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International Bank
Explanation
World Bank
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