11th Commerce - Book Back Answers - Chapter 25 - English Medium Gudies

 

 

Plus One / 11th Commerce - Book Back Answers - Chapter 25 - English Medium

Tamil Nadu Board 11th Standard Commerce - Chapter 25: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 25 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce  Chapter 25 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 11 students! Prepare well and aim for top scores. Thank you!

Chapter 25: INTERNATIONAL BUSINESS

I. Choose the correct answer

1. Movement of goods , services, intellectual property, human assets, technology and so on among the countries.
(a)International Trade
(b) International business
(c) Entrepot Trade
(d) Internal trade
Answer key:
(a)International Trade

2. Goods are imported for purpose of re-export to another country is termed as_________.
(a) Import Trade
(b) Export Trade
(c) Entrepot Trade
(d) International trade
Answer key:
(c) Entrepot Trade

3. Movement of goods , services among the countries.
(a) International Trade
(b) International business
(c) Entrepot Trade
(d) Internal trade
Answer key:
(b) International business

4. Selling of goods from home country to foreign country is called     
(a) Home Trade
(b) Entrepot Trade
(c) Foreign Trade
(d) Joint Venture
Answer key:
(c) Foreign Trade

 

II. Very Short answer questions

1. What do you mean by International business?

• International business denotes all those business activities which take place beyond the geographical limits of the country.
• It involves not only the international movements of goods and services.

2. What is meant by Export Trade?

• When the firm of country sells goods and services to a firm of another country it is called  export trade.
• Export trade indicates selling of goods and services from the home country to a foreign country.

3. What is meant by Import Trade?

• When the business firm of a country purchases goods from the firm of another countryit it is called  import trade.
• Importing means purchase of foreign products and bringing them into one’s home country.

4. What is meant by Entrepot Trade?

• When the firm of country imports goods for the purpose of exporting the same goods to the firms of some other country with or without making any change in the goods meant for export it is known as Entrepot trade.

III. Short answer questions

1. Explain any three features of International business.

• Involvement of Countries.
• Use of Foreign Exchange.
• Legal Obligations.
• Heavy Documentation Work.

2. Explain the features of Entrepot trade.

• Import duty is not levied on such goods
• These goods are reprocessed and repacked for re- export
• Such goods are kept in the Bonded warehouse till they are re-exported

 

IV. Long answer questions

1. List out the advantages of International trade. (any 5)
1. Geographical Specialization

• Countries across the world differ significantly in terms of natural resources, capital equipment, manpower, technology and land and so on.

2. Optimum use of Natural Resources:

• This enables the countries to optimally utilize the scarce resources available with them.

3. Economic Development.

• International business helps the developing countries greatly in achieving rapid economic development by importing machinery, equipment, technology, talent, and so on.

4. Price Equilisation

• International business helps to stabilize the prices of various commodities which are fluctuating on a daily basis in the world market.

5. Prospects for Higher Profit.

• International business helps the firms which produce goods in excess to sell them at relatively higher price to various countries in the international market.

2. Distinguish between internal and international trade. (any 5)

Basis	Internal  trade	international trade
Participants in Business	Within the  country  People	Outside the country People
Mode of Transport	It is mainly transported by water and railways	It is mainly transported by water and airways
Currency Used	Local currency of a country	Foreign currencies
Risk Exposure	The risks are relatively less	The risks are high
Scope of Market	The scope of market is limited	The scope of market is unlimited