NCERT Solutions of Class 11 B. Studies Ch-11 International Trade
EXERCISES
Short Answer Questions
Question 1:
Differentiate between international trade and international business.
Question 2:
Discuss any three advantages of international business.
Question 3:
What is the major reason underlying trade between nations?
Question 4:
Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.
Question 5:
Why is it necessary for an export firm to go in for pre-shipment inspection?
Question 6:
What is bill of lading? How does it differ from bill of entry?
Question 7:
What is a letter of credit? Why does an exporter need this document?
Question 8:
Discuss the process involved in securing payment for exports.
NCERT Solutions of Class 11 B. Studies Ch-11 International Trade
Long Answer Questions
Question 1:
“International business is more than international trade”. Comment.
Question 2:
What benefits do firms derive by entering into international business?
Question 3:
In what ways is exporting a better way of entering international markets than setting up wholly owned subsidiaries abroad.
Question 4:
Rekha Garments has received an order to export 2000 men’s trousers to Swift Imports Ltd., located in Australia. Discuss the procedure that Rekha Garments would need to go through for executing the export order.
Question 5:
Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.
Question 6:
What is IMF? Discuss its various objectives and functions.
Question 7:
Write a detailed note on features, structure, objectives and functioning of WTO
NCERT Solutions of Class 11 B. Studies Ch-11 International Trade
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