Vidyalelo
Management · all questions

Foreign Trade Policy
practice.

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Which of the following is not a largest shareholder of IMF?

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Most tariffs have

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

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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

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

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The theory of comparative advantage assumes single factor of production, i.e.

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The Government of India helps the exporters in selecting the product and the market under

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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

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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

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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

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Treaties of Rome (1957) was responsible for creation of which one of the following?

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An Indian exporter is required to fulfil which of the following requirements in order to register himself as an exporter?
1. Opening bank account with current account with a commercial bank under RBI.
2. Registrations with GST and other tax authorities.
3. Obtaining Importer-Exporter Codenumber (lEC), it is a unique 10 digit code i.e. issued by DGFT, Ministry of Commerce.
4. Obtaining Permanent Account Number.

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Which of the following statements are true with regard to brownfield investment?

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Match the following with regard to bill of entry.
List-I List-II
a. White bill 1. Goods imported for have consumption
b. Green bill 2. Exo-bonds goods
c. Yellow bill 3. Into-bonds goods

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. . . . . . . . favoured merchant class.

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Which of the following statement is true for franchising?

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Arrange the following in correct sequence of post shipment procedure in exportation process.
1. C and F agent submits the documents to the exporter.
2. Exporter intimates the importer about the shipment of goods.
3. Submission and negotiation of documents with bank.
4. Bank negotiates these documents to the importer's bank in the manner as specified in the letter of credit.
5. Documents are attested with the bill of exchange
6. The exporter gets immediate payment from his bank after signing letter of indemnity.
7. Importer receives the documentary bill of exchange, he releases the payment.
8. After receiving proceeds the exporter intimates the RBI by recording the facts on duplicate copy of GR.
9. The exporter receives subsidies and concessions if he is eligible.

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A global company is sometimes called

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Which of the following statement is not correct with regard to AoA?

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Assertion (A) The laws regarding patents and trademark are ineffective in many countries.
Reason (R) There are cases when a government does not abide by the rulings of the International Court of Justice.

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