21
Assertion (A) Export Processing Zones (EPZs) were set up as an enclave separated from the Domestic Tariff Area (DTA) and converted into SEZs.Reason (R) The Export Oriented Units (EOUs) scheme is complimentary to the EPZ and is introduced to enable exporters enjoy liberal package of incentives.
A)
(A) is correct, but (R) is incorrect
B)
(A) is incorrect, but (R) is correct
C)
Both (A) and (R) are correct, but (R) is not the right explanation of (A)
D)
Both (A) and (R) are correct and (R) is the right explanation of (A)
Answer & Solution
Answer: Option
D
22
The new trade theory does not deal with
A)
first mover advantage
B)
economies of scale
C)
variety of goods
D)
competitor analysis
Answer & Solution
Answer: Option
D
23
The difference between the value of good(s) and services exported and imported by a country is the measure of
A)
Balance of payment
B)
Balance of trade
C)
Services account
D)
None of the above
Answer & Solution
Answer: Option
B
24
A country can improve its Balance of Payment through contribution both to current account and capital account by way of
A)
Export promotion
B)
Foreign Direct Investment (FDI)
C)
import of capital
D)
export of capital
Answer & Solution
Answer: Option
B
25
What are the two main functions of the WTO?
A)
The promotion of free trade and economic liberalism
B)
The administration of the WTO agreements and the resolution of international trade disputes
C)
The promotion of world peace, economic stability and financial cooperation
D)
The administration of the WTO's institutional framework and the promotion of economic cooperation, amongst its members
Answer & Solution
Answer: Option
D
26
Which is the right sequence of a stages of Internationalisation
A)
Domestic, Transnational, Global, International, Multinational
B)
Domestic, International, Multinational, Global, Transnational
C)
Domestic, Multinational, International, Transnational, Global
D)
Domestic, International, Transnational, Multinational, Global
Answer & Solution
Answer: Option
B
27
Which of the following institution is associated with Dunkel Proposals?
A)
World Bank
B)
International Monetary Fund
C)
World Trade Organisation
D)
United Nations Organisation
Answer & Solution
Answer: Option
C
28
Product(s) which defined PLC concept?
A)
Amrutanjan
B)
Horlicks
C)
Hairpins
D)
All of these
Answer & Solution
Answer: Option
B
29
. . . . . . . . apply to investment measures related to trade in goods only and not services.
A)
TRIPS
B)
TRIMS
C)
ATC
D)
MFA
Answer & Solution
Answer: Option
B
30
Which of the following mode of service, as per GATS, is supply of a service through the commercial presence of the foreign supplier in the territory of another WTO member?
A)
Consumption Abroad
B)
Cross Border Trade
C)
Commercial Presence
D)
Presence of Natural Person
Answer & Solution
Answer: Option
C
