MCQs for Business Studies Class 11 Chapter 12 PDF & Online Practice
MCQs for Business Studies Class 11 Chapter 12 focuses on International Business 2, an important chapter for understanding global trade mechanics, export-import procedures, and international institutions like WTO and IMF. Mastery over this topic helps students score well in CBSE exams and build foundational knowledge for future business roles and competitive tests.
| Acronym | Full Form | Purpose |
|---|---|---|
| IEC | Import Export Code | Authorization for import or export |
| WTO | World Trade Organization | Regulates international trade |
| FTZ | Free Trade Zone | Designated area for trade with relaxed customs regulations |
| SEZ | Special Economic Zone | Area with special trading privileges |
| BOL | Bill of Lading | Receipt for shipped goods |
| IMF | International Monetary Fund | International economic stability |
| IIFT | Indian Institute of Foreign Trade | Training and research in foreign trade |
MCQs for Business Studies Class 11 Chapter 12 with Answers
Practicing these MCQs helps align your preparation with CBSE’s latest exam style. All questions below test your knowledge of key concepts, terms, and procedures relevant to International Business 2.
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Which document is prepared by the exporter detailing cargo contents, shipper's name, and destination?
(a) Shipping bill (b) Packaging list (c) Mate’s receipt (d) Bill of exchange
Answer: (a) Shipping bill -
Which of the following is not needed for obtaining an export license?
(a) IEC number (b) Letter of credit (c) Registration cum membership certificate (d) Bank account number
Answer: (b) Letter of credit -
Which of the following is not a document relevant to import transactions?
(a) Bill of lading (b) Shipping bill (c) Certificate of origin (d) Shipment advice
Answer: (b) Shipping bill -
SMEs stand for:
(a) Small and Medium Entrepreneurs
(b) Small Management of Enterprises
(c) Small and Medium-sized Enterprises
(d) Societies for Managing Exports
Answer: (c) Small and Medium-sized Enterprises -
Which of these is not part of the duty drawback scheme?
(a) Refund of excise duties
(b) Refund of customs duties
(c) Refund of export duties
(d) Refund of income dock charges at port of shipment
Answer: (d) Refund of income dock charges at port of shipment -
Which acronym refers to a permanent institution in international trade?
(a) GATT (b) WTO (c) SEZ (d) FTZ
Answer: (b) WTO -
A receipt issued by the ship’s commanding officer on loading cargo is called:
(a) Shipping receipt (b) Mate receipt (c) Cargo receipt (d) Charter receipt
Answer: (b) Mate receipt
Key Terms in International Business 2
Understanding these terms is critical for solving MCQs effectively. Many questions in Business Studies Class 11 Chapter 12 rely on these definitions and acronyms.
- Proforma Invoice: Preliminary bill sent to buyers before shipment.
- Certificate of Origin: Certifies the country where the goods were produced.
- Export Processing Zone (EPZ): Location for export-oriented units with special regulations.
- Letter of Credit (LC): Bank guarantee for payment in international trade.
- Bill of Exchange: Written order for payment used in export/import.
How to Prepare for Business Studies Chapter 12 MCQs
Success in CBSE exams requires more than rote memorization. Strategize your MCQ practice using these tips.
- Carefully read the question stem before examining answer options.
- Underline or note keywords like “not,” “except,” or “always.”
- Revise all acronyms and documents tables.
- When confused, remove obviously wrong answers first.
- Practice with both printed MCQ PDFs and online tests for variety.
MCQs for Business Studies Class 11 Chapter 12: Use Cases and Benefits
These MCQs serve several purposes. They help with last-minute exam revision, check understanding after studying the chapter or notes, and prepare you for competitive exams. Business Studies knowledge is also valuable for future courses like International Business and legal studies. At Vedantu, you’ll find structured MCQ practice to build real confidence.
Online MCQ Test & PDF Downloads
You can attempt Class 11 Business Studies MCQs for Chapter 12 online for instant results, or download PDF practice sets for offline revision. Always refer to accurate sources like Vedantu for syllabus-mapped questions and thorough answer keys.
Related Learning Resources and Internal Links
For more clarity on business studies concepts, explore these helpful pages:
- Internal Trade – Understand differences between internal and external trade.
- International Business – Deepen your global commerce knowledge.
- Export Procedures and Documentations – Learn about practical document handling.
- The Sale of Goods Act 1930 Important Terms – Revise key legal terms often seen in questions.
- Features of Company – Supports understanding of international businesses and MNCs.
- Difference Between Internal Trade and External Trade – Essential for MCQ confusion points.
- Business Environment – Provides larger context for business activities.
In summary, MCQs for Business Studies Class 11 Chapter 12 help students master important export-import procedures, terminology, and institutional details under International Business 2. Through practice, concise revision tables, and strong conceptual coverage—especially with Vedantu’s resources—students ensure exam success and practical global business awareness.
FAQs on Business Studies Class 11 Chapter 12: MCQ Questions & Answers
1. What is International Business 2 in Class 11 Business Studies?
International Business 2 in Class 11 Business Studies covers the principles, procedures, and institutions involved in global trade, focusing on exports and imports. It delves into key concepts like GATT, WTO, and FTZs, crucial for understanding international trade dynamics.
2. Where can I find the latest MCQs for Business Studies Class 11 Chapter 12 with answers?
This resource provides up-to-date multiple-choice questions (MCQs) for Business Studies Class 11 Chapter 12, along with detailed answers. You can find both online tests and PDF downloads for convenient practice and revision. These MCQs are aligned with the latest CBSE syllabus and exam pattern.
3. Are these MCQs as per the CBSE latest syllabus?
Yes, all MCQs are designed according to the 2024 CBSE Business Studies syllabus and the most recent exam pattern. They are thoroughly reviewed by subject matter experts to guarantee accuracy and relevance to the curriculum.
4. Can I use these MCQs for online practice tests?
Absolutely! This page offers both online MCQ tests and PDF downloads, allowing for flexible practice whether you prefer online or offline study methods. This caters to diverse learning preferences and technological access.
5. Why are acronyms like WTO, FTZ, and SEZ important in this chapter?
Understanding acronyms like WTO (World Trade Organization), FTZ (Free Trade Zone), and SEZ (Special Economic Zone) is essential for quickly and accurately answering MCQs on international business. These terms represent key concepts and organizations in global trade.
6. What is the first chapter of business studies class 11?
The first chapter of Class 11 Business Studies varies depending on the specific textbook or curriculum. However, it often introduces fundamental concepts of business, management, or the nature of business itself.
7. How many chapters are there in class 11 business studies?
The number of chapters in Class 11 Business Studies can differ based on the textbook used and the specific curriculum. However, it generally includes a comprehensive range of topics covering foundational business principles.
8. What are MCQ questions in business studies?
MCQ (Multiple Choice Questions) in Business Studies are objective-type questions presenting multiple options, with only one correct answer. They assess understanding of concepts, definitions, and applications within the subject. They are a common assessment method in exams.
9. How to prepare for business studies MCQs?
Effective preparation for Business Studies MCQs involves a thorough understanding of concepts, reviewing key terms, and practicing with sample questions. Utilizing resources like online tests and PDF downloads can improve exam readiness. Focus on understanding the underlying principles, not just memorization.
10. What is International Business 2 in Class 11?
International Business 2 in Class 11 focuses on the theories, practices, and institutions related to international trade. This includes understanding various trade agreements, global organizations, and the documentation involved in export and import processes. Key concepts include GATT, WTO, FTZs and others.
11. How many chapters in business studies class 11?
The precise number of chapters in Class 11 Business Studies differs based on the curriculum and the textbook used. However, students can expect a substantial number of chapters covering diverse business-related themes. Checking your specific textbook is recommended.
12. Mcqs for business studies class 11 chapter 12 with answers
This resource provides MCQs (Multiple Choice Questions) with answers for Business Studies Class 11 Chapter 12. The questions are designed to test your understanding of International Business concepts, including export-import procedures, trade agreements, and relevant institutions such as the WTO. Practice these MCQs to boost your exam preparation.
