CBSE Questions for Class 11 Commerce Business Studies International Business Quiz 7 - MCQExams.com

IMF acts as a __________ credit institution.
  • long-term
  • short-term
  • both A & B
  • neither A & B
The objective of IMF is to assist in the establishment of a multilateral system of payments in respect of current transaction between member countries.
  • True
  • False
For international development of business enterprise, it should always take care of following points?
  • Unnecessary controls on Industrial licensing, reduction in tax, rates, socio--cultural
  • Reduction in tax, unnecessary controls on industrial licensing, shareholders
  • Media, sociocultural, shareholders
  • Unnecessary controls on industrial licensing, reduction in taxes, freedoms in fixing prices
WTO is a successor to __________.
  • IMF
  • GATT
  • ITO
  • IMC
Which of the following is not a major objective of the WTO?
  • Increase international trade barriers
  • Reduce international trade barriers
  • Promote optimal use of world resources
  • Create a more integrated trading system
In which meeting was the idea of the WTO first coined?
  • Development of poor nations conference
  • Bretton woods conference
  • Distribution of wealth meet
  • None of the above
A nation cannot borrow foreign currency from the IMF.
  • True
  • False
View that assumes that local managers in host countries know best how to run the operations is known as __________.
  • Ethnocentric attitude
  • Polycentric attitude
  • Geocentric attitude
  • International management.
The franchisee pays to the franchiser a sum off money called _______ for using his business know-how and trade mark.
  • Trade balance
  • Royalty
  • Sales dues
  • Account balance
It is used to collectively describe all commercial transactions i.e., private and governmental, sales investments, etc. that take place between two or more regions, countries and nations beyond their political boundary.
  • International business
  • Ordinary business
  • Government business
  • Political business
India has signed a loan agreement of how much amount with the World Bank for strengthening the public financial management in Rajasthan project?
  • $$\$ 25.0$$ million
  • $$\$ 31.0$$ million
  • $$\$ 21.7$$ million
  • $$\$ 23.8$$ million
Presently Industrial Licensing is not applicable for ___________.
  • Ship Building
  • Hazardous Chemicals
  • Cigarettes
  • Electronic Aerospace and Defence Equipment
Under which strategy, a firm tries to redefine the business, enter new businesses, that are related or unrelated or look at its product portfolio more intensely?
  • Diversification Strategy
  • Expansion Strategy
  • Divestment Strategy
  • Market Penetration
Which international agency has Trade Review Mechanism and looks after Multilateral Trade Agreements?
  • IBRD
  • IMF
  • WTO
  • All of the above
Reliance on other countries and international organizations for financial support is called ___________.
  • foreign loan
  • international borrowing
  • external debt trap
  • external assistance
View that assumes home country's personnel and ways of doing things are best is known as ____________.
  • Ethnocentric attitude
  • Polycentric attitude
  • Geocentric attitude
  • International management
The government has progressively moved towards a uniform basic excise rate of _______ but exemptions and surcharges still affect the actual rate.
  • 4%
  • 16%
  • 10%
  • 20%
The franchiser can expand his distribution system in the least possible time.
  • True
  • False
  • Partly true
  • None of the above
Franchising enables the franchiser to increase his ____________ by expanding his network.
  • Goodwill
  • Reputation
  • Both (a) and (b)
  • Neither (a) nor (b)
In the absence of international trade, an increased standard of living would not have been easily possible.
  • True
  • False
_______ is chargeable from companies engaged in production of goods at applicable tariffs.
  • Custom duty
  • Excise duty
  • Value assed tax
  • Sales tax
Which among the following is/are the benefit(s) that international trade brings to nation?
  • Earning of foreign exchange
  • More efficient use of resources
  • Improving growth prospects and employment potentials
  • All of the above
West Bengal specializes in production of _________.
  • texties
  • jute
  • oil
  • pearl
Trade between two countries can be useful if cost ratios of goods are ______.
  • Equal
  • Different
  • Undetermined
  • Decreasing
The individual or firm which grants right is called_________.
  • Franchisee
  • Franchiser
  • Consignor
  • Consignee
All major decisions are made by the membership as a whole, either by ministers who usually meet _____ or by their ambassadors or delegates.
  • at least twice every two years
  • each year
  • at least once every two years
  • when requied
A _______ is a form available through a consular representative of the country youre shipping to and it certifies the shipment of goods.
  • commercial Invoice
  • certificate of manufacturer
  • consular invoice
  • dock receipt
By which of the following methods a Company Secretary can be removed from his post?
  • By passing a resolution in Board Meeting
  • By order of Registrar of Companies
  • By passing a resolution in Annual General Meeting
  • None of the above
It can be said that international trade is the result of unequal distribution of natural resources among countries or differences in their productivity levels.
  • True
  • False
One of the major objectives of the WTO is _________.
  • Holding consultations with IMF and IBRD and its affiliated agencies.
  • To promote an integrated, more viable and durable trading system.
  • Ensuring that all the rules regulations prescribed in the Act are duly followed by the member countries for the settlement of their disputes.
  • The system encourages good government.
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