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11th Standard Commerce International Business English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Goods are imported for purpose of re-export to another country is termed as______

    (a)

    Import Trade

    (b)

    Export Trade

    (c)

    Entrepot Trade

    (d)

    International Trade

  2. Which one of the following is not the advantages of international business?

    (a)

    Economic development

    (b)

    Economic dependence

    (c)

    Price equalisation

    (d)

    Higher standard of living

  3. IBRD is also known as __________.

    (a)

    EXIM Bank

    (b)

    World Bank

    (c)

    International Monetary Fund

    (d)

    International Bank

  4. Which of the following is not an Indian Multinational Company?

    (a)

    Unilever

    (b)

    Asian Paints

    (c)

    Wipro

    (d)

    Piramal

  5. WTO stands for ___________.

    (a)

    World Technology Association

    (b)

    World Time Organisation

    (c)

    World Trade Organisation

    (d)

    World Tourism Organization

  6. The entry of several foreign companies in India has given  ..............problem.

    (a)

    employment

    (b)

    exhaustion of natural resources

    (c)

    balance of payment

    (d)

    space

  7. Economies of scale are enjoyed when goods are produced at ..............

    (a)

    small-scale

    (b)

    large-scale

    (c)

    lower-scale

    (d)

    consumption level

  8. When goods are purchased from a foreign country it is called ............trade

    (a)

    home

    (b)

    import

    (c)

    export

    (d)

    entrepot

  9. A Contractual agreement wherein one firm grants access to its plants, trade secrets or technology to another firm is called .............

    (a)

    Pledge

    (b)

    Contract

    (c)

    Licensing

    (d)

    Joint Venture

  10. Similarities of Internal and International Trade is ..............

    (a)

    Too many middlemen

    (b)

    Customer Satisfaction

    (c)

    Risk and Uncertainties

    (d)

    None of these

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TN 11th Standard Commerce free Online practice tests

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