11. Rapid economic development or economic growth requires most efficientuse of the
12. The organisation that currently establishes rules of conduct for firms engaging in international trade is the
13. Match the following with regard to withdrawing measures lender TRIMS.
List-I (Nations)
List-II (Provisions)
a. Developed countries
1. Within 2 years of date of entry in WTO
b. Developing countries
2. Within 5 years of date of entry in WTO
c. Least Developed countries
3. Within 3 years of date of entry in WTO
4. Within 5 years of date of entry in WTO
| List-I (Nations) | List-II (Provisions) |
| a. Developed countries | 1. Within 2 years of date of entry in WTO |
| b. Developing countries | 2. Within 5 years of date of entry in WTO |
| c. Least Developed countries | 3. Within 3 years of date of entry in WTO |
| 4. Within 5 years of date of entry in WTO |
14. The Leontief paradox stated that
15. Bilateral agreements that restrict exports are called
16. Trade Related Investment Measures (TRIMS) doesn't apply for
17. Which of the following statement is not correct with regard to turnkey project?
18. Match the following.
List-I (Theories of International Trade)
List-II (Founders)
a. Theory of reciprocal demand
1. David Ricordo
b. Theory of absolute advantage
2. Adam Smith
c. Theory of comparative advantage
3. Raymond Vernon
d. Product life cycle theory of trade
4. John Stuart Mill
| List-I (Theories of International Trade) | List-II (Founders) |
| a. Theory of reciprocal demand | 1. David Ricordo |
| b. Theory of absolute advantage | 2. Adam Smith |
| c. Theory of comparative advantage | 3. Raymond Vernon |
| d. Product life cycle theory of trade | 4. John Stuart Mill |
19. An efficient dispute settlement mechanism under WTO was brought in by which one of the following?
20. Which of the following statement is not correct with regard to TRIPS agreement?
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