Foreign Trade Policy

91

Agreement on Trade Related Investment Measures (TRIMS) under WTO regime aims to address which one of the following measures?

A) Protection of investment in creation of Intellectual Property Rights (IPRs) B) Nomember shall apply any measures in violation of the national treatment principles of GATT and discriminate against foreigners or foreign products C) It does not prohibit investment measures that place a restriction on quantities and measures requiring a certain percentage of local procurement D) It encourages measures which limit imports or set targets for exports and trade balancing requirements

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Answer & Solution

Answer: Option B

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92

Which of the following mode of service, as per GATS, concerns the services that flow from the territory of one member into the territory if another member crossing national frontiers?

A) Consumption Abroad B) Cross Border Trade C) Commercial Presence D) Presence of Natural Persons

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Answer & Solution

Answer: Option B

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93

The most favoured nation status doesn't necessarily refer to

A) non-discriminatory treatment B) same and equal economic treatment C) same tariff rates applicable D) uniform civil code

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Answer & Solution

Answer: Option D

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94

Theory of comparative advantage is propounded by

A) Adam Smith B) David Ricardo C) Marshall D) Robbins

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Answer & Solution

Answer: Option B

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95

Power Distance Index (PDI) of 77 compared to a world average of 56.5 for India indicates

A) high level of inequality of power and wealth within the society B) low level of inequality of power and wealth within the society C) high level of political corruption D) low level of human development index

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Answer & Solution

Answer: Option A

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96

The . . . . . . . . Is intended with the central goal of putting an end to the long standing system of constraints on textile and clothing imports from developing nations applied by major developed nations.

A) MFA B) ATC C) TMB D) None of these

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Answer & Solution

Answer: Option B

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97

What are the assumption of Heckscher-Ohlin Model?

A) No obstruction to trade B) Commodities and factor are perfectly competitive C) Both countries operate at same level of efficiency D) All of the above

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Answer & Solution

Answer: Option D

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98

An industrial estate whose production is normally intended for exports is called . . . . . . . . .

A) SEZ B) FTZ C) EOU D) EPZ

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Answer & Solution

Answer: Option D

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99

The BoP depends on principle of

A) single entry accounting B) double entry accounting C) hybrid system of accounting D) none of the above

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Answer & Solution

Answer: Option B

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100

Assumption of comparative advantage theory are

A) perfect competition B) full employment C) mobility D) All of these

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Answer & Solution

Answer: Option D

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