Foreign Trade Policy

31

The highest amount of FDI in India comes from

A) Japan B) USA C) Indonesia D) Mauritius

Discuss

Answer & Solution

Answer: Option D

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32

In the context of economic groupings, which among the following is not applicable to common market?

A) Harmonisation of economic policies B) Common external tariff C) Free movement of labour and capital D) Removal of tariff barriers on intra trade

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Answer & Solution

Answer: Option A

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33

A Foreign Trade Zone (FTZ) is

A) a regional area within which trade with foreign nations is allowed B) a free trade agreement among several nations C) designed to limit exports of manufactured goods by placing export taxes on goods made within the zone D) designed to promote exports by deferring import duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically

Discuss

Answer & Solution

Answer: Option D

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34

Statement I 'Free trade' leads to specialisation and thereby to increased output.
Statement II Import restrictions are both long-term and short-term measures of Balance of Payment adjustments.

A) Statement I is true, but Statement II is false B) Statement II is true, but Statement I is false C) Both statements are false D) Both statements are true

Discuss

Answer & Solution

Answer: Option A

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35

Which of the following are called commercial documents as per ADS?
1. Certificate of insurance
2. Insurance declaration
3. Certificate of inspection of quality control
4. Receipt for payment of port charges
5. Preform invoice
6. Shipment advice
7. Export application dock challan
Select the correct answer

A) 1, 2, 3, 5, 6, 7 B) 1, 2, 3, 5, 6 C) 1, 2, 3, 4, 5 D) 3, 4, 5

Discuss

Answer & Solution

Answer: Option B

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36

. . . . . . . . theory is given by Posner.

A) Comparative cost theory B) Heckscher-Ohlin theory C) Imitation gap theory D) None of the above

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Answer & Solution

Answer: Option C

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37

Theory of Mercantilism propagates

A) encourage exports and imports B) encourage exports and discourage imports C) discourage exports and imports D) discourage exports and encourage imports

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Answer & Solution

Answer: Option B

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38

Which of the following are described as 'artistic' work as per Indian Copyright Act?
1. Sculpture
2. Painting
3. Film programmes
4. Audio recording
5. Fictional and non-fictional work
6. Drawing
7. Photographs and charts
Select the correct answer

A) 1, 2, 3, 5, 6, 7 B) 1, 2, 6, 7 C) 3, 4, 5, 6, 7 D) 2, 5, 6, 7

Discuss

Answer & Solution

Answer: Option B

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39

In order to promote domestic capital goods manufacturing industry, specific export obligation under EPCG scheme, in case capital goods are procured from indigenous manufacturers, has been reduced from 90% to . . . . . . . .

A) 50% B) 60% C) 75% D) 80%

Discuss

Answer & Solution

Answer: Option C

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40

Which among the following is associated with high income economicand Human Development Index (HDI)?

A) TRID B) TRIM C) GATT D) OECD

Discuss

Answer & Solution

Answer: Option D

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