Foreign Trade Policy

Section 1 Section 2 Section 3

1.
Which of the following is the most well established and conventional form of operating in foreign market?

A. Importing

B. Exporting

C. Franchising

D. Joint Ventur

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2.
Foreign trade helps each country to make . . . . . . . . use of its natural resources.

A. optimal

B. loss

C. better

D. none of these

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3.
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

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4.
As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy?

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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5.
Foreign Direct Investment (FDI) involves

A. a speculator trying to make a profit by buying company shares on a foreign stock exchange

B. a UK energy company buying territory abroad where it expects to find oil reserves

C. a tourist purchasing foreign currency to spend on a holiday abroad

D. a company signing an agreement with a wholesaler to distribute its products in foreign markets

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6.
Official reserves are comprised of gold, SDRs and . . . . . . . . foreign exchange.

A. non-convertible

B. convertible

C. semi convertible

D. all of these

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7.
Which of the following statement is correct?
Statement I The GATS is broadly categorised into two parts the national 'schedules' which list individual countrie's specific commitments on access to their domestic markets by foreign suppliers and the framework agreement that contains the rules and disciplines.
Statement II The commitments as per GATS must be applied on the basis of non-discrimination.
Statement III GATS also give full liberty to the members to choose which services to commit for opening up.

A. All statements are correct

B. All statements are incorrect

C. Both I and II are correct

D. Both II and III are correct

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8.
Which of the following is not a 'pillar' of AoA agreement?

A. Policy framework

B. Market access

C. Domestic support

D. Export subsidies

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9.
Which of the followmg is not a condition that should be followed by the World Bank while granting loan to member nations?

A. The bank should assess the credibility of the borrower, this can be done by evaluating and assessing the natural resources and existing productive plan capacity to use the resources and operate the plant

B. The bank compels the members to use the funds only a for a specific market

C. World Bank must lend for specific projects only that are technically and economically sound and have ability to generate high returns

D. The bank must maintain continuing relationships with the borrowers to check the progress of the project

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10.
Which of the following currencies are used to determine the value of SDR?
1. Euro
2. Indian Rupee
3. Japanese Yen
4. Chinese Yuan
5. US Dollar
6. Pound Sterling
7. Chinese Renminbi
Select the correct answer

A. 1, 2, 3, 4, 5

B. 1, 2, 5, 6, 7

C. 1, 3, 5, 6, 7

D. 1, 3, 4, 5, 6

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Foreign Trade Policy

1. Which of the following is the most well established and conventional form of operating in foreign market?

Answer & Solution

2. Foreign trade helps each country to make . . . . . . . . use of its natural resources.

Answer & Solution

3. The effects of foreign trade on the domestic economy maybe at

Answer & Solution

4. As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy?

Answer & Solution

5. Foreign Direct Investment (FDI) involves

Answer & Solution

6. Official reserves are comprised of gold, SDRs and . . . . . . . . foreign exchange.

Answer & Solution

Answer & Solution

8. Which of the following is not a 'pillar' of AoA agreement?

Answer & Solution

9. Which of the followmg is not a condition that should be followed by the World Bank while granting loan to member nations?

Answer & Solution

10. Which of the following currencies are used to determine the value of SDR? 1. Euro 2. Indian Rupee 3. Japanese Yen 4. Chinese Yuan 5. US Dollar 6. Pound Sterling 7. Chinese Renminbi Select the correct answer

Answer & Solution

Read More Section(Foreign Trade Policy)

1.
Which of the following is the most well established and conventional form of operating in foreign market?

2.
Foreign trade helps each country to make . . . . . . . . use of its natural resources.

3.
The effects of foreign trade on the domestic economy maybe at

4.
As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy?

5.
Foreign Direct Investment (FDI) involves

6.
Official reserves are comprised of gold, SDRs and . . . . . . . . foreign exchange.

8.
Which of the following is not a 'pillar' of AoA agreement?

9.
Which of the followmg is not a condition that should be followed by the World Bank while granting loan to member nations?

10.
Which of the following currencies are used to determine the value of SDR?
1. Euro
2. Indian Rupee
3. Japanese Yen
4. Chinese Yuan
5. US Dollar
6. Pound Sterling
7. Chinese Renminbi
Select the correct answer