Does the WTO apply its frame work in exactly the same fashion throughout the world?
A. Yes, the WTO applies its framework in exactly the same way throughout the world
B. Yes, the WTO applies its framework in exactly the same way around the world, unless it deals with trade blocks
C. No, the WTO makes allowance for regional variation
D. No, the WTO makes allowance for variation in the case of economically stronger countries
Answer: Option C
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade

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