Which of the following is the most well established and conventional form of operating in foreign market?
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Management · all questionsForeign Trade Policy
Foreign Trade Policy
practice.
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Foreign trade helps each country to make . . . . . . . . use of its natural resources.
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The effects of foreign trade on the domestic economy maybe at
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As per the Foreign Trade (Development and Regulation) Act, 1992, who advises the Central Government in the formulation of Export and Import Policy?
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Foreign Direct Investment (FDI) involves
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Official reserves are comprised of gold, SDRs and . . . . . . . . foreign exchange.
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Which of the following statement is correct?
Statement I The GATS is broadly categorised into two parts the national 'schedules' which list individual countrie's specific commitments on access to their domestic markets by foreign suppliers and the framework agreement that contains the rules and disciplines.
Statement II The commitments as per GATS must be applied on the basis of non-discrimination.
Statement III GATS also give full liberty to the members to choose which services to commit for opening up.
Statement I The GATS is broadly categorised into two parts the national 'schedules' which list individual countrie's specific commitments on access to their domestic markets by foreign suppliers and the framework agreement that contains the rules and disciplines.
Statement II The commitments as per GATS must be applied on the basis of non-discrimination.
Statement III GATS also give full liberty to the members to choose which services to commit for opening up.
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Which of the following is not a 'pillar' of AoA agreement?
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Which of the followmg is not a condition that should be followed by the World Bank while granting loan to member nations?
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Which of the following currencies are used to determine the value of SDR?
1. Euro
2. Indian Rupee
3. Japanese Yen
4. Chinese Yuan
5. US Dollar
6. Pound Sterling
7. Chinese Renminbi
Select the correct answer
1. Euro
2. Indian Rupee
3. Japanese Yen
4. Chinese Yuan
5. US Dollar
6. Pound Sterling
7. Chinese Renminbi
Select the correct answer
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Rapid economic development or economic growth requires most efficientuse of the
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The organisation that currently establishes rules of conduct for firms engaging in international trade is the
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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 |
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The Leontief paradox stated that
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Bilateral agreements that restrict exports are called
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Trade Related Investment Measures (TRIMS) doesn't apply for
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Which of the following statement is not correct with regard to turnkey project?
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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 |
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An efficient dispute settlement mechanism under WTO was brought in by which one of the following?
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Which of the following statement is not correct with regard to TRIPS agreement?
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