Foreign Trade Policy

1

As per TRIPS, a patent is valid for years from the date of filing of patent.

A) 10 B) 20 C) 15 D) 7

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Answer & Solution

Answer: Option B

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2

In FDI, the standard definittons of control use the internationally agreed . . . . . . . . threshold of voting shares in the foreign country.

A) 12% B) 13% C) 15% D) 10%

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Answer & Solution

Answer: Option D

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3

According to which theory one country may be more efficient in producing a particular goods than another country and that another country may be capable of producing some other goods more efficiently than the first one?

A) Thoery of comparative advantage B) Theory of absolute advantage C) Theory of international product life cycle D) None of the above

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Answer & Solution

Answer: Option B

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4

Which of the following is a trade related entry mode?

A) Turnkey project B) Barter C) Counter Offer D) All of these

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Answer & Solution

Answer: Option D

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5

Which of the following are not advanced factors according to Porter?

A) Natural resources B) Research facilities C) Higher education D) Skill development

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Answer & Solution

Answer: Option A

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6

In which sector FDI was not prohibited under the government route as well as automatic route till 10^th February, 2015?

A) Atomic energy B) Lottery business C) Housing and real estate D) Single brand retail trade

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Answer & Solution

Answer: Option D

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7

The Uruguay round provided ,'Sunset' clause to control.

A) Customs valuation B) Dumping C) Technical barriers D) Dispute settlement

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Answer & Solution

Answer: Option B

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8

Factor endowment theory of international trade was propounded by

A) David Ricardo B) Bertil-Ohlin C) J. S. Mill D) C. P. Kindleberger

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Answer & Solution

Answer: Option B

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9

Which of the following statement is not true about the International Monetary Fund?

A) IMF was established alongwith the word bank B) IMF is the result of the Bretton Woods Conference C) IMF focuses on correcting Balance of Payment problems of the members D) Currently 193 countries are the members of the IMF

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Answer & Solution

Answer: Option C

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10

Which of the following is not the objective of the WTO?

A) To improve the standard of living of peoples of the member countries B) To enlarge production and trade of goods C) To protect environment D) To improve the Balance of Payment situation of the member countries

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Answer & Solution

Answer: Option D

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