5.
Which of the following statements are true?
1. WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property etc are not covered by them.
2. GATT had contracting parties, whereas WTO has members.
3. The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.

7.
Which theory explores the possibility of two nation operating at the same level of efficiency, benefiting by trading with each other?

9.
Which of the following explain costs of FDI to home country?

10.
The undernoted items may be categorised into which one of the following?
Export quota, exchange control, profit remittance restrictions, subsidies, government procurement.

Read More Section(Foreign Trade Policy)

Each Section contains maximum 100 MCQs question on Foreign Trade Policy. To get more questions visit other sections.