Which of the following is not correct about EPCG scheme?
A. It enables the manufacturing exporter to import machinery and other capital equipment without paying custom duty or paying concessional custom duty
B. The exporter guarantees export to a minimum value which should be expressed in the multiple value of the capital goods that have been imported
C. It comprises of Zero Duty EPCG and Concessional 5% Duty EPCG
D. Under Zero Duty EPCG, the exporter is obliged to export where the export value is equal to the 6 times of duty saved on the capital goods that have been imported
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Match the following.
List-I
List-II
a. Importing
1. Modes of international business
b. Marketing
2. Functions of international business
c. Sales expansion
3. Objectives of international business
d. Economic forces
4. External influence
A. a-1, b-2, c-3, d-4
B. a-3, b-1, c-4, d-2
C. a-2, b-1, c-4, d-3
D. a-4, b-3, c-2, d-1
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Match the following.
List-I
List-II
a. Adam Smith
1. Availability
b. David Ricordo
2. Endowment
c. Ohlin
3. Absolute advantage
d. I. B. Kravis
4. Comparative advantage
A. a-1, b-2, c-3, d-4
B. a-2, b-4, c-3, d-1
C. a-3, b-4, c-2, d-1
D. a-4, b-3, c-1, d-2
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According to RBI, which of the following are characteristic of FDI?
A. The undistributed profits which are invested in the affiliates in the host country are not counted as actual FDI inflows
B. The overseas commercial borrowings (like bonds, grants, trade credits, financial leasing) are also excluded from FDI inflows
C. If a non-resident initially buys 10% or more equity through portfolio route but buys additional shares in subsequent transactions and holds investment over 10% these additional shares will be regarded as a part of FDI
D. All of the above
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The comparative cost theory of international trade was developed by
A. David Ricardo
B. Haberler
C. Adam Smith
D. Alfred Marshall
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One of the following is not a main external factor affecting the choice for market entry mode
A. international experience
B. demand uncertainty
C. market size
D. intensity of competition
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The Indian Government has adopted internationally acknowledged standard for documentation known as
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The trade theory of comparative advantage was developed by
A. Haberler
B. Adam Smith
C. Alfred Marshall
D. David Ricardo
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The theory of reciprocal demand is developed by . . . . . . . .
A. Yeron
B. John Stuart Mill
C. Ohlin
D. None of these
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Which of the following is not a method make FDI in India?
A. CCFI route
B. Automatic approval by RBI
C. FIPB route
D. None of the above
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Which of the following body is not related to the WTO?
A. Dispute Settlement body
B. Trade Policy Review body
C. Council of trade in goods
D. Exchange Rate Management body
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Anti dumping duty is levied on which one of the following?
A. The goods exported from home country to encourage more export to a sovereign
B. The goods imported into the home country for the purpose of re-export to another sovereign
C. The dumped imports which is causing damage to the domestic industry in the importing country
D. The dumped imports which are meant for re-entry into a sovereign for further trade
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Currently, how many members are in the WTO?
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Which of the following items are included in Prohibited list?
1. Seeds
2. Plants and animals
3. Communication jamming equipment's
4. Animal rennet
5. Oils or tallow of any animal
6. Wild animals and their products such as ivory
Select the correct answer
A. 1, 4, 5, 6
B. 2, 3, 4, 5, 6
C. 4, 5, 6
D. 1, 3, 4, 5
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Which of the following depict benefits of FDI to home country?
A. Improvement in BoP due to capital receipts from foreign subsidiary
B. Employment generation in the home country due to demand of intermediary products
C. Reverser resouce transfer
D. All of the above
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Which of the following statements are true with regard to EXIM policy of India?
A. The EXIM policy comprises of various policy decision that are taken by the government in the context of foreign trade
B. It deals with the exports and imports of the country and focuses mainly on promoting export in the nation
C. It is announced and prepared by the Central Government
D. All of the above
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Assertion (A) The integration of domestic economy through the twin channels of trade and capital flows has accelerated in the past two decades which in turn led the Indian economy growing from Rs. 32 trillion in 2004 to about Rs. 153 trillion by 2016.
Reason (R) The Government of India is keen to grown exports and provide more jobs for the young, talented, well-educated and even semi-skilled and unskilled workforce in India.
A. Both (A) and (R) are correct and (R) is the right explanation of (A)
B. Both (A) and (R) are correct, but (R) is not the right explanation of (A)
C. (A) is correct, but (R) is incorrect
D. (R) is correct, but (A) is incorrect
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Which of the following statements are correct?
Statement I The registration for geographical indication of goods is done for a period of 10 years which can be renewed for an infinite period of time.
Statement II The patents, as per Indian Patent Act are registered for 20 years.
Statement III The maximum term of registration of copyright is 50 years in India.
A. Both I and II
B. Both II and III
C. Both III
D. Both I and III
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Which round of international trade negotiations resulted in the creation of the World Trade Organisation?
A. Kennedy Round of 1964 - 1967
B. Tokyo Round of 1973 - 1979
C. Uruguay Round of 1986 - 1993
D. Doha Round of 2003 - 2007
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According to Eclectic theory of Foreign Direct Investment (FDI), the motivation behind FDI is/are
A. capital and labour adequacy
B. raw material and labour adequacy
C. ownership, location and internalisation
D. labour, capital market and internalisation
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