MCQ Questions

Check the below NCERT MCQ Questions for Class 11 Sociology Chapter 2 Terms, Concepts and their Use in Sociology with Answers Pdf free download. MCQ Questions for Class 11 Sociology with Answers were prepared based on the latest exam pattern. We have provided Terms, Concepts and their Use in Sociology Class 11 Sociology MCQs Questions with Answers to help students understand the concept very well. https://mcqquestions.guru/mcq-questions-for-class-11-sociology-chapter-2-part-a/

Terms, Concepts and their Use in Sociology Class 11 MCQs Questions with Answers

Sociology Class 11 Chapter 2 MCQ Questions Question 1.
Human life is based on the
(a) Material benefits
(b) Spiritual thoughts
(c) Conflict among members
(d) Interaction and communication among members

Terms Concepts And Their Use In Sociology MCQ Class 11 Question 2.
_____ a mode of reward or punishment that reinforce socially expected forms of behaviour.
(a) Identity
(b) Conflict
(c) Sanctions
(d) Khasi

Terms Concepts And Their Use In Sociology Class 11 MCQ Question 3.
The system in which society was divided into Brahmins, Kshatriyas, Vaishyas, and Shudras was known as
(a) Varna System
(b) Class System
(c) Status
(d) Caste System

MCQ Questions For Class 11 Sociology Chapter 2 Question 4.
Which one of the following refers to the place or time of one’s birth?
(a) Identity
(b) Natal
(c) Values
(d) Aggregates

Class 11 Sociology Chapter 2 MCQs Question 5.
A Peer group is a kind of
(a) Primary group
(b) Secondary group
(c) Association
(d) Peer, group

Class 11 Sociology Chapter 2 MCQ Question 6.
The behaviours, obligations, and privileges attached to social status is known as
(a) Status set
(b) Role set
(c) Social role
(d) Status symbol

Ch 2 Sociology Class 11 MCQ Question 7.
Panchamas in the caste system were considered as
(a) Untouchables
(b) Vaishyas
(c) Shudras
(d) Kshatriyas

Sociology Chapter 2 Class 11 MCQ Question 8.
The perspective which stresses that deviance promotes social unity and social change is
(a) Conflict
(b) Functionalist
(c) Interactionism
(d) Post-modernist

Chapter 2 Sociology Class 11 MCQ Question 9.
Social classes, status groups, age and gender groups, and crowds are the examples of
(a) Reference groups
(b) Peer, groups,
(c) In groups
(d) Quasigroups

Sociology Chapter 2 Multiple Choice Questions Question 10.
The basis of a caste system is
(a) Ascribed status
(b) Achieved status
(c) Power
(d) Wealth

Class 11 Sociology Ch 2 MCQ Question 11.
Migrants are often considered as
(a) Out-Group
(b) In-Group
(c) Peer Group
(d) Reference Group

Sociology Ch 2 Class 11 MCQ Question 12.
Social position in a society is known as
(a) Class
(b) Caste
(c) Role
(d) Status

We hope the given NCERT MCQ Questions for Class 11 Sociology Chapter 2 Terms, Concepts and their Use in Sociology with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Sociology Terms, Concepts and their Use in Sociology MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Check the below NCERT MCQ Questions for Class 11 Sociology Chapter 1 Sociology and Society with Answers Pdf free download. MCQ Questions for Class 11 Sociology with Answers were prepared based on the latest exam pattern. We have provided Sociology and Society Class 11 Sociology MCQs Questions with Answers to help students understand the concept very well. https://mcqquestions.guru/mcq-questions-for-class-11-sociology-chapter-1-part-a/

Sociology and Society Class 11 MCQs Questions with Answers

Sociology And Society Class 11 MCQ Chapter 1 Question 1.
Sociology focuses on
(a) interactions between individuals
(b) animal behaviour
(c) environment
(d) peace and conflict

Sociology Class 11 Chapter 1 MCQ Questions Question 2.
Society is looked upon as
(a) caste and class
(b) social stratification
(c) simple society
(d) system of parts

Class 11 Sociology Chapter 1 MCQs Question 3.
Social control brings _____ to society.
(a) social order
(b) deviance
(c) disobedience
(d) violence

Sociology And Society MCQ Class 11 Chapter 1 Question 4.
Slums in urban areas denote
(a) division of labour
(b) overpopulation and migration
(c) education and development
(d) illiteracy

Class 11 Sociology Chapter 1 MCQ Question 5.
A system of economic enterprise based on the economic exchange is known as
(a) capitalism
(b) industrialization
(c) modernization
(d) westernization

Sociology Class 11 Chapter 1 MCQs Question 6.
One of the features of modern societies is
(a) specialisation of work
(b) face to face interaction of members
(c) urbanisation and factory production
(d) agricultural production

Sociology Chapter 1 Class 11 MCQ Question 7.
History is the study of
(a) contemporary society
(b) abstract and generalized reality
(c) our past
(d) gender relations

Ch 1 Sociology Class 11 MCQ Question 8.
Who wrote the book “Sociological Imagination”?
(a) C.W. Mills
(b) August Comte
(c) Max Weber
(d) Karl Marx

Chapter 1 Sociology Class 11 MCQ Question 9.
Industrial Revolution was characterised by ________
(a) migration to cities
(b) the emergence of clock time
(c) bad sanitation and general squalor
(d) All the above

Class 11 Sociology Ch 1 MCQ Question 10.
Sociology is the study of
(a) human social behavior
(b) plants and animals
(c) man and environment
(d) earth

MCQ Questions For Class 11 Sociology Chapter 1 Question 11.
Macro-sociology is the study of:
(a) small groups
(b) large groups
(c) minorities
(d) tribal groups

MCQ Of Sociology And Society Class 11 Question 12.
Questions on common sense knowledge lead to the
(a) sociological knowledge
(b) social differentiation
(c) common sense knowledge
(d) sociological imagination

Sociology Class 11 Chapter 1 MCQ Question 13.
Social problems can be understood in the realm of
(a) Chemistry
(b) Physics
(c) Sociology
(d) Psychology

We hope the given NCERT MCQ Questions for Class 11 Sociology Chapter 1 Sociology and Society with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Sociology Sociology and Society MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Check the below NCERT MCQ Questions for Class 11 Economics Chapter 3 Production and Costs with Answers Pdf free download. MCQ Questions for Class 11 Economics with Answers were prepared based on the latest exam pattern. We have provided Production and Costs Class 11 Economics MCQs Questions with Answers to help students understand the concept very well. https://mcqquestions.guru/mcq-questions-for-class-11-economics-chapter-3/

Production and Costs Class 11 MCQs Questions with Answers

MCQ Questions For Class 11 Economics Chapter 3 Question 1.
In production function, production is a function of:
(a) Price
(b) Factors of Production
(c) Total Expenditure
(d) None of these

MCQ Questions For Class 11 Economics Ch 3 Question 2.
The basic reason of operating the Law of Diminishing Returns is:
(a) Scarcity of Factors
(b) Imperfect Substitution between Factors
(c) Both (a) and (b)
(d) None of the above

Ch 3 Economics Class 11 MCQ Production and Costs Question 3.
Which of the following explains the short-run production function ?
(a) Law of Demand
(b) Law of Variable Proportion
(c) Returns to Scale
(d) Elasticity of Demand

Cost Class 11 MCQ Chapter 3 Question 4.
Long-run production function is related to:
(a) Law of Demand
(b) Law of Increasing Returns
(c) Laws of Returns to Scale
(d) Elasticity of Demand

Chapter 3 Economics Class 11 MCQ Question 5.
In which stage of production a rational producer likes to operate in shot-run production ?
(a) First Stage
(b) Second Stage
(c) Third Stage
(d) None of these

Cost MCQ Class 11 Chapter 3 Question 6.
Law of variable proportion explains three stages of production. In the first stage of production:
(a) Both MP and AP rise
(b) MP rises
(c) AP Falls
(d) MP is zero

Production And Cost MCQ Chapter 3 Question 7.
At which time all the factors of production may be changed ?
(a) Short run
(b) Long run
(c) Very Long run
(d) All the three

Chapter 3 Economics Class 11 MCQ Question 8.
Production function is expressed as:
(a) Q_x = P_x
(b) Q_x = f(A, B, C, D)
(c) Q_x = D_x
(d) None of these

MCQ On Production And Cost Chapter 3 Question 9.
Which factors among following we find in short-run production process ?
(a) Fixed Factors
(b) Variable Factors
(c) Both (a) and (b)
(d) None of these

Production And Cost Class 11 MCQ Chapter 3 Question 10.
The cycle which increases first and after being constant starts to reduce is called :
(a) APP
(b) MPP
(c) TPP
(d) All of these

Question 11.
Which of the following is a saurce of production ?
(a) Land
(b) Labour
(c) Capital
(d) All of these

Question 12.
Law of variable proportion is related to :
(a) Both short-run and long run
(b) Long-run
(c) Short-run
(d) Very Long-run

Question 13.
An active factor of production is:
(a) Capital
(b) Labour
(c) Land
(d) None of these

Question 14.
If all the factors of production are increased by same proportion and as a result output increases by a greater proportion than it is called :
(a) Constant returns to scale
(b) Decreasing returns to scale
(d) All of these
(d) None of these

Question 15.
Which of the following is included in money cost ?
(a) Normal Profit
(b) Explicit Cost
(c) Implicit Cost
(d) All of these

Question 16.
Which of the following is not fixed cost ?
(a) Insurance Premium
(b) Interest
(c) Cost of Raw Material
(d) Rent of the Factory

Question 17.
With the increase in production the difference between total cost and total fixed cost:
(a) Remains Constant
(b) Increases
(c) Decreases
(d) Both Increases or Decreases

Question 18.
Changes in production quantity affect:
(a) Both Fixed and Variable Cost
(b) Only Variable Cost
(c) Only Fixed Cost
(d) None of the above

Question 19.
What happens when production is shut down ?
(a) Fixed Cost Increases
(b) Variable Costs Decline
(c) Variable Costs become zero
(d) Fixed Costs become zero

Question 20.
The alternative name of opportunity cost is:
(a) Economic Cost
(b) Equilibrium Price
(c) Marginal Cost
(d) Average Cost

Question 21.
When average cost is decreasing what status marginal cost has as compared to average cost ?
(a) MC > AC
(b) MC = AC
(c) MC ≤ AC
(d) MC ≠ AC

Question 22.
Which statement of the following is true ?
(a) AC=TFC – TVC
(b) AC = AFC + TVC
(c) AC=TFC + AVC
(d) AC = AFC + AVC

Question 23.
What is an opportunity cost ?
(a) The alternative foregon
(b) The opportunity lost
(c) Transfer earnings
(d) All of these

Question 24.
The shape of average cost curve is :
(a) U-shaped
(b) Reactangular Hyperbola shaped
(c) Line parallel to x-axis
(d) None of these

Question 25.
The average fixed cost at 5 units of output is Rs. 20. Average variable cost at 5 units of output is Rs. 40. Average cost of producing 5 units is:
(a) Rs. 20
(b) Rs. 40
(c) Rs.56
(d) Rs.60

Question 26.
Which of the following is correct ?
(a) TVC = TC – TFC
(b) TC = TVC-TFC
(c) TFC = TVC + TC
(d) TC = TVC x TFC

Question 27.
Average variable costs can be defined as:
(a) TVC x Q
(b) TVC + Q
(c) TVC-Q
(d) TVC ÷ Q

Question 28.
With increase in output, the difference between total cost and total variable cost:
(a) Decreases
(b) Increases
(c) Remains Constant
(d) None of the above

Question 29.
Which factors are used in short-run production process ?
(a) Fixed Factors
(b) Variable Factors
(c) Both (a) and (b)
(d) None of the above

Question 30.
Following figure shows:

(a) Total Fixed Cost
(b) Total Variable Cost
(c) Total Cost
(d) None of these

Question 31.
In which market MR may become zero or negative ?
(a) Monopoly
(b) Monopolistic Competition
(c) Both (a) and (b)
(d) Perfect Competition

Question 32.
In which market AR = MR ?
(a) Monopoly
(b) Monopolistic Competition
(c) Both (a) and (b)
(d) Perfect Competition

Question 33.
In monopoly and monopolistic competition :
(a) AR = MR
(b) AR > MR
(c) AR < MR
(d) None of these

Question 34.
To which market, following figure belongs ?

(a) Perfect Competition
(b) Monopoly
(c) Monopolistic Competition
(d) None of the above

Question 35.
With which condition, firm will get maximum profit ?
(a) Where MR = MC
(b) Where MC cuts MR from below
(c) Both (a) and (b)
(d) None of the above

Question 36.
In perfect competition, which of the following remains constant ?
(a) AR
(b) MR
(c) Both AR and MR
(d) None of the both

Question 37.
In perfect competition:
(a) AR = MR
(b) AR > MR
(c) MR < MC
(d) MR = MC = 0

Question 38.
When 5 units of a goods are sold, total revenue is Rs. 100. When 6 units are sold, marginal revenue is Rs. 8. At what price are 6 units sold ?
(a) Rs. 28 per unit
(b) Rs. 20 per unit
(c) Rs. 18 per unit
(d) Rs. 12 per unit

Question 39.
MR is shown as:
(a) \(\frac { ΔTR }{ ΔQ }\)
(b) \(\frac { TR }{ Q }\)
(c) \(\frac { ΔAR }{ Q }\)
(d) None of these

Question 40.
AR is shown as:
(a) \(\frac { TR }{ Q }\)
(b) \(\frac { ΔQ }{ P }\)
(c) \(\frac { ΔTR }{ ΔQ }\)
(d) None of these

Question 41.
In which market AR curve is parallel to X-axis ?
(a) Perfect Competition
(b) Monopoly
(c) Monopolistic Competition
(d) In all the above

Question 42.
Which of the following is a true statement ?
(a) AR indicates price
(b) AR Curve and Demand Curve are the same
(c) Both (a) and (b)
(d) None of the above

Question 43.
The basic condition of firm’s equilibrium is:
(a) MC = MR
(b) MR = TR
(c) MR = AR
(d) AC = AR

Question 44.
In final equilibrium of firm:
(a) MC cuts MR from above
(b) MC cuts MR from below
(c) Both (a) and (b) are
(d) None of the above is true

Question 45.
For every market, which condition has to be fulfilled for firm’s equilibrium ?
(a) AR = MC
(b) MR = MC
(c) MC should cut MR from below
(d) Both (b) and (c)

Question 46.
Which is a method of producer’s equilibrium ?
(a) TR and TC Method
(b) MR and MC Method
(c) Both (a) and (b)
(d) None of the above

Question 47.
For a firm’s equilibrium:
(a) MR = MC
(b) MR > MC
(c) MR < MC
(d) MR = MC = 0

Question 48.
On which assumption, the law of supply depends ?
(a) There should be no change in income levels of buyers and sellers in the market.
(b) Prices of factors of production remain stable
(c) Technological level remains constant
(d) All the above

Question 49.
If other things being same, what does the positive relationship between price and supply quantity signify ?
(a) Law of Demand
(b) Elasticity of Supply
(c) Law of Supply
(d) Supply Function

Question 50.
The reason of decrease in supply is:
(a) Increase in Production Cost
(b) Increase in Price of Substitutes
(c) Fall in number of Firms in the Industry
(d) All the above

Question 51.
The figure given below shows:

(a) Extension in Supply
(b) Contraction in Supply
(c) Elasticity of supply
(d) Elasticity of demand

Question 52.
The quantity of a goods which the seller is ready to sell in the market at fixed price and time is called ?
(a) Supply
(b) Demand
(c) Elasticity of supply
(d) Elasticity of Demand

Question 53.
Supply is associated with:
(a) A Time Period
(b) Price
(c) Both (a) and (b)
(d) None of the above

Question 54.
Determinating factor of supply of goods is:
(a) Price of Goods
(b) Price of Related Goods
(c) Price of Factor of Production
(d) All the above

Question 55.
Which of the following statement is true ?
(a) Price and quantity have direct relationship
(b) Supply curve rises from left to right
(c) Supply is affected by many factors
(d) All the above

Question 56.
Which of the following function shows the laws of supply ?
(a) S = f(P)
(b) S = f(a/p)
(c) S = f(Q)
(d) None of the above

Question 57.
Following figure shows :

(a) Perfectly Elastic Supply
(b) Perfectly Inelastic Supply
(c) Elastic Supply
(d) Inelastic Supply

Question 58.
Which of the following is correct ?
(a) Perfectly Elastic Supply e_s = ∞
(b) High Elastic Supply e_s > 1
(c) Perfectly Inelastic Supply e_s = 0
(d) All the above

Question 59.
e_s = 0 means that elasticity of supply is:
(a) Perfectly Elastic Supply
(b) Perfectly Inelastic Supply
(c) Less Elastic Supply
(d) Unit Elastic Supply

Question 60.
If the price of goods rises by 60% but supply increases by only 5%, the supply of goods will be:
(a) Highly Elastic
(b) Elastic
(c) Inelastic
(d) Perfectly Inelastic

Question 61.
The elasticity of a straight line supply curve originating from the centre of origin is:
(a) Less than unity,
(b) greater than unity
(c) equal to unity
(d) equal to zero

Question 62.
When supply increases more with a result of small increase in price, the nature of supply will be :
(a) Elastic
(b) Inelastic
(c) Perfectly Elastic
(d) Perfectly Inelastic

Question 63.
When the proportionate change in the supply of goods is more than the proportionate change in its price, the elasticity of supply will be:
(a) Less than Unit
(b) Equal to Unit
(c) Greater than Unit
(d) Infinite

Question 64.
If the price of the goods rises by 60% and supply increases by only 5%, the supply of goods will be :
(a) Highly Elastic
(b) Elastic
(c) Inelastic
(d) Perfectly Inelastic

Question 65.
The measurement of the elasticity of supply is expressed as:
(a) \(\frac { ΔQ_s/Q_s }{ ΔP/P }\)
(b) \(\frac { Q_s }{ ΔP }\).\(\frac { 1 }{ P }\)
(c) \(\frac { Q_s }{ Q_s }\).ΔY
(d) \(\frac { ΔP }{ Q_s }\).\(\frac { P }{ ΔQ_s }\)

Question 66.
There are factors of productions:
(a) Two
(b) Three
(c) Four
(d) Five

Question 67.
Fixed cost is also known as:
(a) Variable cost
(b) Actual cost
(c) Supplementary cost
(d) Short-term cost

Question 68.
Supply falls on the same price when:
(a) Where there is decrease in supply
(b) When there is contraction in supply
(c) When supply increases
(d) When there is expansion in supply.

Question 69.
Active factor of production:
(a) Capital
(b) Labour
(c) Land
(d) None of these.

Question 70.
In the short-run following factors are included in the process of production:
(a) Fixed factors
(b) Variable factors
(c) Both (a) and (b)
(d) None of these.

Fill in the blanks:

1. Short-term production function is known as ……………

2. Returns to scale is related to ……………

3. Cost incurred in per unit production is ……………

4. Increase in income from a unit of production is called ……………

5. A producer is in the state of equilibrium when he earns ……………

6. Law of supply shows …………… relation between price and supply.

7. The elasticity of supply for milk and related good is ……………

State true or false:

1. Rent theory of Ricardo is based on the law of Diminishing returns.

2. Law of decreasing returns to scale arises due to Non-divisibility.

3. Fixed cost is also known as supplementary cost.

4. In case of perfect competition, a firm attains maximum satisfaction when MC curve cut MR curve.

5. There is inverse relation between price and supply.

6. The supply of perishable goods is inelastic.

7. There are four laws of production.

Match the following:

We hope the given NCERT MCQ Questions for Class 11 Economics Chapter 3 Production and Costs with Answers Pdf free download will help you. If you have any queries regarding CBSE Class 11 Economics Production and Costs MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Get Chapter Wise MCQ Questions for Class 11 Sociology with Answers PDF Free Download of Introducing Sociology, Understanding Society are prepared here according to the latest CBSE syllabus and NCERT curriculum https://ncert.nic.in/. Students can practice CBSE Class 11 Sociology MCQs Multiple Choice Questions with Answers to score good marks in the examination.

Class 11 Sociology MCQs Multiple Choice Questions with Answers

Practicing these CBSE NCERT Objective MCQ Questions of Class 11 Sociology with Answers Pdf will guide students to do a quick revision for all the concepts present in each chapter and prepare for final exams.

Introducing Sociology MCQ Questions for Class 11 Sociology with Answers

1. Sociology and Society Class 11 MCQ Questions
2. Terms, Concepts and their Use in Sociology Class 11 MCQ Questions
3. Understanding Social Institutions Class 11 MCQ Questions
4. Culture and Socialisation Class 11 MCQ Questions
5. Doing Sociology: Research Methods Class 11 MCQ Questions

Understanding Society MCQ Questions for Class 11 Sociology with Answers

1. Social Structure, Stratification and Social Processes in Society Class 11 MCQ Questions
2. Social Change and Social Order in Rural and Urban Society Class 11 MCQ Questions
3. Environment and Society Class 11 MCQ Questions
4. Introducing Western Sociologists Class 11 MCQ Questions
5. Indian Sociologists Class 11 MCQ Questions

We hope the given NCERT MCQ Questions for Class 11 Sociology with Answers PDF Free Download will help you. If you have any queries regarding CBSE Class 11 Sociology MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 12 International Business 2 with Answers Pdf free download. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. We have provided International Business 2 Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. https://mcqquestions.guru/mcq-questions-for-class-11-business-studies-chapter-12/

International Business 2 Class 11 MCQs Questions with Answers

International Business MCQ Chapter 12 Class 11 Question 1.
TRIP is one of the WTO agreements that deal with
(a) Trade in agriculture
(b) Trade in services
(c) Trade related investment measures
(d) None of these

MCQ On International Business Chapter 12 Question 2.
The document containing the guarantee of a bank to honour drafts drawn on it by an exporter is
(a) Letter of hypothetication
(b) Letter of credit
(c) Bill of lading
(d) Bill of exchange

International Business MCQs Chapter 12 Class 11 Question 3.
A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
(a) Shipping receipt
(b) Mate receipt
(c) Cargo receipt
(d) Charter receipt

MCQ Of International Business Class 11 Chapter 12 Question 4.
Which one of the following is not a document related to fulfill the customs formalities
(a) Shipping bill
(b) Export license
(c) Letter of insurance
(d) Proforma invoice

MCQs On International Business Chapter 12 Question 5.
Which of the following documents is not required in connection with an import transaction?
(a) Bill of lading
(b) Shipping bill
(c) Certificate of origin
(d) Shipment advice

International Business MCQ With Answers Class 11 Question 6.
SMEs stands for:
(a) Small and Medium Entrepreneurs
(b) Small Management of Enterprises
(c) Small and Medium-sized Enterprises.
(d) Societies for Managing Exports

International Business MCQ With Answers Pdf Question 7.
MNC Stands for
(a) Multi-National Cooperation
(b) Multi-National Corporation
(c) Multi-National Company
(d) Multi-National Collaboration

MCQs Of International Business Chapter 12 Class 11 Question 8.
IPR stands for
(a) Intellectual property rights
(b) International property rights
(c) Internal promotion rights
(d) Interior promotional rights

MCQ Questions On International Business Chapter 12 Question 9.
WTO stands for
(a) World technology association
(b) World time organization
(c) World trade organization
(d) World tourism organization

International Business MCQ Questions And Answers Chapter 12 Question 10.
…..is only a legal agreement and it is not an institution, but ….. is a permanent institution.
(a) GATT, WTO
(b) WTO, GATT
(c)WTO, IMF
(d) IMF, GATT

International Business MCQ With Answers Pdf Class 11 Question 11.
…………………corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.
(a) Global
(b) International
(c) Transnational
(d) None of the above

MCQ International Business Chapter 12 Class 11 Question 12.
Key controllable factors in global marketing are:
(a) Government policy and legislation
(b) social and technical changes
(c) marketing activities and plans
(d) all of the above.

Question 13.
Comparative Cost Trade Theory is given by
(a) Adam Smith
(b) David Ricardo
(c) Gottfried Haberler
(d) Heckscher Ohlin

Question 14.
Globalization refers to:
(a) Lower incomes worldwide
(b) Less foreign trade and investment
(c) Global warming and their effects
(d) A more integrated and interdependent world

Question 15.
Capitalistic, communistic and Mixed are the types of
(a) Economic System
(b) Social System
(c) Cultural Attitudes
(d) Political System

Question 16.
The theory of comparative cost advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taussig
(d) Ohlin and Hecksher

Question 17.
The Theory of Absolute Cost Advantage is given by
(a) David Ricardo
(b) Adam Smith
(c) F W Taylor
(d) Ohlin and Heckscher

Question 18.
Subsidiaries consider the regional environment for policy / Strategy formulation is known as
(a) Polycentric Approach
(b) Regiocentric Approach
(c) Ethnocentric Approach
(d) Geocentric Approach

Question 19.
Ultimately ………………was replaced by the …………….on 1st Jan 1995
(a) GATS, WTO
(b) WTO, GATT
(c) GATT, WTO
(d) IMF, GATT

Question 20.
The first phase of globalization started around 1870 and ended with …..
(a) World War I
(b) World War II
(c) The Establishment of GATT
(d) In 1913 when GDP was High

Question 21.
Which of the following does not belong to the World Bank group?
(a) IBRD
(b) IDA
(c) MIGA
(d) IMF

Question 22.
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?
(a) Shipping bill
(b) Packaging list
(c) Mate’s receipt
(d) Bill of exchange

Question 23.
Which one of the following is not a part of export documents?
(a) Commercial invoice
(b) Certificate of origin
(c) Bill of entry
(d) Mate’s receipt

Question 24.
Which of the following do not form part of 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 the port of shipment

Question 25.
Which of the following documents are not required for obtaining an export license?
(a) IEC number
(b) Letter of credit
(c) Registration cum membership certificate
(d) Bank account number

One Marks Questions

1. Expand IEC.

2. Expand WTO

3. Mention any one document of export trade.

4. Expand FTZ.

5. Expand SEZ.

6. Expand IIFT.

7. Expand IMF.

8. What is D.P bill?

9. What is D.A bid?

10. Expand BOL.

11. Expand EIC.

12. Expand UNCTAD.

13. Expand EPZ.

14. Expand EOU.

15. Name any one export processing zone.

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