Solution of Chapter 11. International Business (NCERT - Business Studies Book)

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:

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:

Which of the following is not an advantage of exporting?

Which one of the following modes of entry permits the greatest degree of control over overseas operations?

Which one of the following is not amongst India’s major export items?

Which one of the following is not amongst India’s major import items?

Which of the following documents are not required for obtaining an export license?

Which of the following documents is not required in connection with an import transaction?

Which of the following do not form part of the duty drawback scheme?

Which one of the following is not a part of export documents?

A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as:

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 and name of the vehicle carrying the cargo?

The document containing the guarantee of a bank of honor drafts drawn on it by an exporter is:

TRIP is one of the WTO agreements that deal with:

Differentiate between international trade and international business.

Discuss any three advantages of international business.

What is the major reason underlying trade between nations?

Why is it said that licensing is an easier way to expand globally?

Differentiate between contract manufacturing and setting up wholly-owned production subsidiary abroad.

Discuss the formalities involved in getting an export license.

Why is it necessary to get registered with an export promotion council?

Why is it necessary for an export firm to go in for pre-shipment inspection?

What is the bill of lading? How does it differ from the bill of entry?

Explain the meaning of the mate’s receipt.

What is a letter of credit? Why does an exporter need this document?

Discuss the process involved in securing payment for exports.

“International business is more than international trade”. Comment.

What benefits do firms derive by entering into international business?

In what ways is exporting a better way of entering international markets than setting up wholly-owned subsidiaries abroad.

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.

Your firm is planning to import textile machinery from Canada. Describe the procedure involved in importing.

Identify various organizations that have been set up in the country by the government for promoting the country’s foreign trade.

What is the IMF? Discuss its various objectives and functions.

Write a detailed note on features, structure, objectives, and functioning of WTO.

Carefully read the given data. This pertains to India’s performance in world trade. The recent initiatives of the Government of India, such as ‘Make in India’, ‘Digital India’, ‘Skill India’ and roll out of the Foreign Trade Policy (FTP) 2015-20 has impacted the Indian economy in terms of exports and imports and trade balance.

1. Table 1 shows India’s position in the world’s largest economies. Prepare a trend report on the position of India in the global scenario of international trade from the year 2005-2017.

2. Table 2 represents the data about major trade partners of India in the global trade.

Discuss how business and trade activities help in promoting peace and harmony among nations.

3. Graphically represent (Line Graph or Bar Graph) the status of export and import from the year 2006-2007 to the year 2016-2017 as given in Table 3.

Table 1

Table 2

Table 3

4. Growth rate in Exports and Imports

Table 4

5. Table 5 provides the selected principal commodities, in which India deals at the global level. Prepare a pie-chart of any five commodities of your choice from the given data. You can also go through the annual report 2016-2017 of the Ministry of Commerce and choose commodities other than those given in the Table.

Table 5