Revision Notes For Class 11 Business Studies Chapter 12 International Business Ii

International Business – II is a continual chapter of the previous chapter International Business – I. Exporting goods to other nations is completely different from retailing products domestically. This chapter comprises of various concepts – export -import procedures and documentation – export procedure, import procedure, documents related to goods, documents related to shipment, documents related to payment, major documents used in an import transaction, foreign trade promotion : incentives and organisational support, organisational support – commodity boards, department of commerce, export inspection council, Indian institute of foreign trade, Indian institute of packaging, state trading organisations, international trade institutions and trade agreements, World bank – functions of world bank, international development association (IDA) – objectives of IDA.

 

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Frequently asked Questions on CBSE Class 11 Business Studies Notes Chapter 12: International Business II

What is an ‘import procedure’?

Import procedure involves all the steps involved in purchase of goods from any foreign country.

What are the functions of world bank?

The World Bank is an international organisation dedicated to providing financing, advice, and research to developing nations to aid their economic advancement.

What are the advantages of foreign trade?

1. Greater Variety of Goods Available for Consumption.2. Efficient Allocation and Better Utilization of Resources.3. Promotes Efficiency in Production.4. More Employment.5. Consumption at Cheaper Cost

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