Chapter Exam

Chapter 11: International Business — Online MCQ Test

Q: Which of the following is an export incentive offered to promote international trade?

Answer: B. Cash assistance and tax benefits — Governments may provide incentives like cash assistance, tax concessions, and duty drawbacks to encourage exports.

Q: A company wants to sell Indian-made garments in foreign markets. Which activity is this?

Answer: B. Exporting — Selling goods from India to another country is called exporting.

Q: Which document is MOST important to establish that goods have been shipped on board a vessel?

Answer: A. Bill of lading — A bill of lading serves as a receipt for goods shipped and is a key transport document in sea shipment.

Q: A trader imports goods from Country A and exports them to Country B without significant processing in India. This business is called:

Answer: C. Entreport trade — Entreport trade means importing goods and re-exporting them to another country after little or no processing.

BUSINESS STUDIES · CLASS 11 FIRST PUC · Karnataka State Board

Practice Chapter 11: International Business with a free chapter-wise online MCQ test for Karnataka State Board CLASS 11 FIRST PUC BUSINESS STUDIES. This chapter covers: The final chapter examines international business concepts export-import procedures required documentation international trade institutions WTO IMF World Bank and trade promotion m.... AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 11: International Business — Important Questions & Answers (FAQ)

Frequently asked questions from Karnataka State Board CLASS 11 FIRST PUC BUSINESS STUDIES — Chapter 11: International Business, with answers and explanations. These are sample questions; the exam has its own separate question set.

What is international business?

A. Business activities carried on within one city only
B. Business activities that involve the cross-border exchange of goods and services ✓
C. Business confined to government departments
D. Business undertaken only through barter

Answer: B. Business activities that involve the cross-border exchange of goods and services
International business involves transactions of goods, services, technology, capital, and knowledge across national borders.

Which of the following is an export incentive offered to promote international trade?

A. Import duty
B. Cash assistance and tax benefits ✓
C. Stock dividend
D. Consumer subsidy on local sales only

Answer: B. Cash assistance and tax benefits
Governments may provide incentives like cash assistance, tax concessions, and duty drawbacks to encourage exports.

A company wants to sell Indian-made garments in foreign markets. Which activity is this?

A. Importing
B. Exporting ✓
C. Entreporting
D. Countertrade

Answer: B. Exporting
Selling goods from India to another country is called exporting.

Which document is MOST important to establish that goods have been shipped on board a vessel?

A. Bill of lading ✓
B. Packing list
C. Commercial invoice
D. Insurance policy

Answer: A. Bill of lading
A bill of lading serves as a receipt for goods shipped and is a key transport document in sea shipment.

A trader imports goods from Country A and exports them to Country B without significant processing in India. This business is called:

A. Export trade
B. Import trade
C. Entreport trade ✓
D. Balance of trade

Answer: C. Entreport trade
Entreport trade means importing goods and re-exporting them to another country after little or no processing.

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