43.
The areement on Textiles and Clothing sets out a framework for gradually and systematically achieving this goal over a . . . . . . . . year transitional period.

44.
Match the following.
List-I (Concepts) List-II (Meaning)
a. Globalisation 1. It conforms to the principle of double entry book keeping
b. Balance of Payment 2. Intergration with the world economy
c. Merchandise 3. It occurs on account of business cycles
d. Cyclical Disequilibrium 4. It includes sale and purchase of goods to from foreign countries

45.
Which of the following statement(s) is/are correct?

48.
Match the following.
List-I List-II
a. Merchandise exports 1. Purchase of foreign goods
b. Merchandise imports 2. Sales of goods abroad
c. Investment income 3. Largely caused by excess of imports over exports in merchandise
d. Balance of Payment deficits 4. Dividends, interest etc received from abroad

49.
Match the following.
List-I List-II
a. Porter 1. Factor endowment
b. Hecksher-Ohlin 2. Diamond
c. Ricardo 3. Absolute advantage
d. Adam Smith 4. Comparative advantage

50.
Match the following.
List-I List-II
a. MIGA 1. Offers political risk insurance (guarantees) covering all areas of the world for ventures in a wide range of sectors of the economy in developing member countries
b. IBRD 2. A global financial institution that provides the poorest countries in the world
c. IDA 3. Development institution focused solely on developing nations private sector
d. IFC 4. Single largest provider of loans to the countries

Read More Section(Foreign Trade Policy)

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