Foreign Trade Policy

A. the WTO

B. the GATT

C. the IMF

D. the World Bank

A. earn a greater return from their skills and core competencies

B. realise location economies where they can be performed most efficiently

C. realise greater experience curve economies, which reduces the cost of production

D. all of the above

A. DSB

B. TPRB

C. TRIPS

D. General Council

A. Subsidies in agriculture and agricultural domestic support policies of developed nations

B. Measures on protecting intellectual property rights of innovators

C. Agreement on Textiles and Clothing (ATC) under Multi Fibre Arrangement (MFA)

D. Trade in the shape of individuals travelling to foreign countries to supply services

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

A. Statement I is correct, but Statement II is incorrect

B. Statement II is correct, but Statement I is incorrect

C. Both statements are correct

D. Both statements are incorrect

A. quota licenses are given to foreign exporting companies

B. quota licenses are auctioned to the highest bidding importing company

C. quota licenses are given to domestic consumers of the good

D. both A and C

A. Foreign trade

B. Investment

C. Both A and B

D. None of these

A. ASEAN

B. SAARC

C. BRICS

D. MINT

A. To endorse the rural economies of the member countries but not with the help of policies that distorts trade

B. To promote a process of reforms in the trade of agricultural products. The countries were required to reduce the agricultural support i.e. agricultural subsidies to their domestic farmers

C. To create an honest, fully transparent and market oriented agricultural trade system

D. All of the above