Class 11 Business Studies
International Business
NCERT Solution
MCQ Answers
Question 1: In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee
- Licensing
- Contract manufacturing
- Joint venture
- None of these
Answer: (a) Licensing
Question 2: Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as
- Licensing
- Franchising
- Contract manufacturing
- Joint venture
Answer: (c) Contract manufacturing
Question 3: When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as
- Contract manufacturing
- Franchising
- Joint ventures
- Licensing
Answer: (c) Joint ventures
Question 4: Which of the following is not an advantage of exporting?
- Easier way to enter into international markets
- Comparatively lower risks
- Limited presence in foreign markets
- Less investment requirements
Answer:(c) Limited presence in foreign markets
Question 5: Which one of the following modes of entry requires higher level of risks?
- Licensing
- Franchising
- Contract manufacturing
- Joint venture
Answer: (d) Joint venture
Question 6: Which one of the following modes of entry permits greatest degree of control over overseas operations?
- Licensing/franchising
- Wholly owned subsidiary
- Contract manufacturing
- Joint venture
Answer: (b) Wholly owned subsidiary
Question 7: Which one of the following modes of entry brings the firm closer to international markets?
- Licensing
- Franchising
- Contract manufacturing
- Joint venture
Answer: (d) Joint venture
Question 8: Which one of the following is not amongst India’s major export items?
- Textiles and garments
- Gems and jewellery
- Oil and petroleum products
- Basmati rice
Answer: (c) Oil and petroleum products
Question 9: Which one of the following is not amongst India’s major import items?
- Ayurvedic medicines
- Oil and petroleum products
- Pearls and precious stones
- Machinery
Answer: (b) Oil and petroleum products
Question 10: Which one of the following is not amongst India’s major trading partners?
- USA
- UK
- Germany
- New Zealand
Answer: (d) New Zealand
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