Class 11 Business Studies
International Business Part 2
NCERT Solution
MCQ Answers
Question 1: Which of the following documents are not required for obtaining an export license?
- IEC number
- Letter of credit
- Registration cum membership certificate
- Bank account number
Answer: (b) Letter of credit
Question 2: Which of the following documents is not required in connection with an import transaction?
- Bill of lading
- Shipping bill
- Certificate of origin
- Shipment advice
Answer: (c) Certificate of origin
Question 3: Which of the following do not form part of duty drawback scheme?
- Refund of excise duties
- Refund of customs duties
- Refund of export duties
- Refund of income dock charges at the port of shipment
Answer: (d) Refund of income dock charges at the port of shipment
Question 4: Which one of the following is not a document related to fulfill the customs formalities
- Shipping bill
- Export license
- Letter of insurance
- Proforma invoice
Answer: (d) Proforma invoice
Question 5: Which one of the following is not a part of export documents?
- Commercial invoice
- Certificate of origin
- Bill of entry
- Mate’s receipt
Answer:(c) Bill of entry
Question 6: A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
- Shipping receipt
- Mate receipt
- Cargo receipt
- Charter receipt
Answer: (b) Mate receipt
Question 7: Which of the following document is prepared by the exporter and includes details of the cargo in terms of the shipper’s name, the number of packages, the shipping bill, port of destination, name of the vehicle carrying the cargo?
- Shipping bill
- Packaging list
- Mate’s receipt
- Bill of exchange
Answer: (d) Bill of exchange
Question 8: The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
- Letter of hypothetication
- Letter of credit
- Bill of lading
- Bill of exchange
Answer: (b) Letter of credit
Question 9: Which of the following does not belong to the World Bank group?
- IBRD
- IDA
- MIGA
- IMF
Answer: (d) IMF
Question 10: TRIP is one of the WTO agreements that deal with
- Trade in agriculture
- Trade in services
- Trade related investment measures
- None of these
Answer: (d) None of these
MCQ
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