Foreign Trade Policy Page-3 section-3

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21.
Assertion (A) Export Processing Zones (EPZs) were set up as an enclave separated from the Domestic Tariff Area (DTA) and converted into SEZs.
Reason (R) The Export Oriented Units (EOUs) scheme is complimentary to the EPZ and is introduced to enable exporters enjoy liberal package of incentives.

A. (A) is correct, but (R) is incorrect

B. (A) is incorrect, but (R) is correct

C. Both (A) and (R) are correct, but (R) is not the right explanation of (A)

D. Both (A) and (R) are correct and (R) is the right explanation of (A)

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22.
The new trade theory does not deal with

A. first mover advantage

B. economies of scale

C. variety of goods

D. competitor analysis

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23.
The difference between the value of good(s) and services exported and imported by a country is the measure of

A. Balance of payment

B. Balance of trade

C. Services account

D. None of the above

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24.
A country can improve its Balance of Payment through contribution both to current account and capital account by way of

A. Export promotion

B. Foreign Direct Investment (FDI)

C. import of capital

D. export of capital

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25.
What are the two main functions of the WTO?

A. The promotion of free trade and economic liberalism

B. The administration of the WTO agreements and the resolution of international trade disputes

C. The promotion of world peace, economic stability and financial cooperation

D. The administration of the WTO's institutional framework and the promotion of economic cooperation, amongst its members

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26.
Which is the right sequence of a stages of Internationalisation

A. Domestic, Transnational, Global, International, Multinational

B. Domestic, International, Multinational, Global, Transnational

C. Domestic, Multinational, International, Transnational, Global

D. Domestic, International, Transnational, Multinational, Global

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27.
Which of the following institution is associated with Dunkel Proposals?

A. World Bank

B. International Monetary Fund

C. World Trade Organisation

D. United Nations Organisation

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28.
Product(s) which defined PLC concept?

A. Amrutanjan

B. Horlicks

C. Hairpins

D. All of these

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29.
. . . . . . . . apply to investment measures related to trade in goods only and not services.

A. TRIPS

B. TRIMS

C. ATC

D. MFA

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30.
Which of the following mode of service, as per GATS, is supply of a service through the commercial presence of the foreign supplier in the territory of another WTO member?

A. Consumption Abroad

B. Cross Border Trade

C. Commercial Presence

D. Presence of Natural Person

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Foreign Trade Policy

21. Assertion (A) Export Processing Zones (EPZs) were set up as an enclave separated from the Domestic Tariff Area (DTA) and converted into SEZs. Reason (R) The Export Oriented Units (EOUs) scheme is complimentary to the EPZ and is introduced to enable exporters enjoy liberal package of incentives.

Answer & Solution

22. The new trade theory does not deal with

Answer & Solution

23. The difference between the value of good(s) and services exported and imported by a country is the measure of

Answer & Solution

24. A country can improve its Balance of Payment through contribution both to current account and capital account by way of

Answer & Solution

25. What are the two main functions of the WTO?

Answer & Solution

26. Which is the right sequence of a stages of Internationalisation

Answer & Solution

27. Which of the following institution is associated with Dunkel Proposals?

Answer & Solution

28. Product(s) which defined PLC concept?

Answer & Solution

29. . . . . . . . . apply to investment measures related to trade in goods only and not services.

Answer & Solution

30. Which of the following mode of service, as per GATS, is supply of a service through the commercial presence of the foreign supplier in the territory of another WTO member?

Answer & Solution

Read More Section(Foreign Trade Policy)

21.
Assertion (A) Export Processing Zones (EPZs) were set up as an enclave separated from the Domestic Tariff Area (DTA) and converted into SEZs.
Reason (R) The Export Oriented Units (EOUs) scheme is complimentary to the EPZ and is introduced to enable exporters enjoy liberal package of incentives.

22.
The new trade theory does not deal with

23.
The difference between the value of good(s) and services exported and imported by a country is the measure of

24.
A country can improve its Balance of Payment through contribution both to current account and capital account by way of

25.
What are the two main functions of the WTO?

26.
Which is the right sequence of a stages of Internationalisation

27.
Which of the following institution is associated with Dunkel Proposals?

28.
Product(s) which defined PLC concept?

29.
. . . . . . . . apply to investment measures related to trade in goods only and not services.

30.
Which of the following mode of service, as per GATS, is supply of a service through the commercial presence of the foreign supplier in the territory of another WTO member?