Which of the following are called regulatory documents as per ADS?
A. 1, 2, 3, 4, 6, 7
B. 3, 4, 5, 6, 7
C. 1, 2, 6, 7
D. 1, 2, 3, 4, 5
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Which of the following statements are not correct in relation to pre-shipment credit in foreign currency?Statement I It is a foreign currency loan available, both, to the importers and exporters.Statement II It is self-liquidating in nature and can be liquidated by purchasing/discounting of bills.Statement III Refinance from RBI is available to banks against pre-shipment credit in foreign currency.Statement IV The interest rare shall not exceed 1.75% above six months, LIBOR for the initial period of one month.
A. Statements I, II and III are not correct
B. Statements I, III and IV are not correct
C. Statements II and IV are not correct
D. Statements II and III are not correct
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A most favoured nation status doesn't necessarily refers-to
A. same and equal economic treatment
B. non-discriminatory treatment
C. same tariff rates applicable
D. uniform civil code
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Which of the following is the most appropriate for an organisation with little experience in international markets?
A. Acquisition
B. Strategic alliance
C. Joint venture
D. Exporting
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Which of the following types of FDI includes creation of new assets and production facilities in the host country?
A. Merger and acquisition
B. Strategic alliances
C. Brownfield investment
D. Greenfield investment
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Who has shown how international trade leads to equalisation of factor prices?
A. J. M. Keynes
B. Bertil-Ohlin
C. David Ricardo
D. None of these
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As a part of the WTO guidelines, the Agreement on Agriculture (AoA) does not include
A. direct payments to farmers are permitted
B. indirect assistance and support to farmers including R&D support by government are not permitted
C. domestic policies which directly affect production and trade have to be cut back
D. least developed countries do not need to make any cuts
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The exit of Great Britain from the European Union (EU) in June 2016 by a referendum has been announced as invalid by the London High Court on which one of the following reason?
A. Referendum has got no legal sanction
B. Exit was not as per the British law
C. Exit was not as per the EU law
D. The Brexit cannot be legal under Article 50 without approval of the British Parliament
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Enjoying comparative advantage for a country means having a . . . . . . . . opportunity cost of domestically producing a commodity than the other country.
A. lesser
B. greater
C. no
D. none of these
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In the context of regional economic integration, which of the following equations is not correct?
A. Customs union = Free trade area + Common external tariff
B. Economic integration = Common market + Fixed exchange rate + Macro economic coordination
C. Common market = Customs union + NTBs + Factor mobility
D. Free trade area = Customs union - Common external tariff
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Agreement on Trade Related Investment Measures (TRIMS) under WTO regime aims to address which one of the following measures?
A. Protection of investment in creation of Intellectual Property Rights (IPRs)
B. Nomember shall apply any measures in violation of the national treatment principles of GATT and discriminate against foreigners or foreign products
C. It does not prohibit investment measures that place a restriction on quantities and measures requiring a certain percentage of local procurement
D. It encourages measures which limit imports or set targets for exports and trade balancing requirements
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Which of the following mode of service, as per GATS, concerns the services that flow from the territory of one member into the territory if another member crossing national frontiers?
A. Consumption Abroad
B. Cross Border Trade
C. Commercial Presence
D. Presence of Natural Persons
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The most favoured nation status doesn't necessarily refer to
A. non-discriminatory treatment
B. same and equal economic treatment
C. same tariff rates applicable
D. uniform civil code
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Theory of comparative advantage is propounded by
A. Adam Smith
B. David Ricardo
C. Marshall
D. Robbins
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Power Distance Index (PDI) of 77 compared to a world average of 56.5 for India indicates
A. high level of inequality of power and wealth within the society
B. low level of inequality of power and wealth within the society
C. high level of political corruption
D. low level of human development index
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The . . . . . . . . Is intended with the central goal of putting an end to the long standing system of constraints on textile and clothing imports from developing
nations applied by major developed nations.
A. MFA
B. ATC
C. TMB
D. None of these
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What are the assumption of Heckscher-Ohlin Model?
A. No obstruction to trade
B. Commodities and factor are perfectly competitive
C. Both countries operate at same level of efficiency
D. All of the above
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An industrial estate whose production is normally intended for exports is called . . . . . . . . .
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The BoP depends on principle of
A. single entry accounting
B. double entry accounting
C. hybrid system of accounting
D. none of the above
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Assumption of comparative advantage theory are
A. perfect competition
B. full employment
C. mobility
D. All of these
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