Foreign Trade Policy MCQs with Answers 2027

Q81

Match the following.

List-I	List-II
a. Patent	1. Literary, dramatic, musical work
b. Copyright	2. Medicines and food inventions
c. GIC	3. Visual symbol which can be in the form of a word, device
d. Trademark	4. Names or places used to identify the origin and quality of product

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Q82

Open question

Mercantilism was known as . . . . . . . . in France.

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Q83

Open question

Physiocrates were opposed to . . . . . . . .

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Q84

Open question

How many attributes does Porter's Diamond consist of?

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Q85

Open question

Which of the following statement is not correct?

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Q86

Open question

. . . . . . . . states that, lack of resources often helps countries to become competitive.

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Q87

Open question

The balance of payments account is conventionally divided into

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Q88

Open question

More companies operate internationally because

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Q89

Open question

Specific tariffs are collected as

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Q90

Open question

Match the following.

List-I (Concepts)	List-II (Features)
a. Absolute advantage	1. State in which exports equal imports
b. Balance of trade	2. Ability of a country to produce a good more efficiently
c. Static equilibrium	3. It is a long-term phenomenon
d. Secular disequilibrium	4. Difference between merchandise exports and imports

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Q91

Open question

Which of the following facts are not correct in the context of India's relations with the WTO?
1. India has been the founder member of the GATT.
2. India has agreed to abide by the arrangement on the intellectual property rights.
3. Under the trade related investment measures, India has already notified its stand.
4. India has agreed to allow entry to foreign service providers.
5. The Indian Government has amended the Civil Procedure Code for the benefit of foreign service providers.
Select the correct answer

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Q92

Open question

Which organisations in India provide the documents and forms for conducting international trade?

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Q93

Open question

Direct payments made by the government to domestic companies to boost exports or to protect them from imports are known as

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Q94

Open question

Match the following.

List-I	List-II
a. Bill of entry	1. It comprise of ocean freight, air freight, rail or road receipts, consignment notes
b. Certificate of measurement	2. It is a document i.e. prepared by the importer or by his clearing agent in the prescribed form
c. Transportation document	3. It is a document that certifies that the concerned commodities, products or merchandise (which may include perishable goods) was in good condition immediately before its shipment
d. Certificate of inspection	4. This document is used for calculating the freight

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Q95

Open question

The balance of payment is a/an . . . . . . . . system.

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Q96

Open question

Ad valorem tariffs are collected as

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Q97

Open question

Arrange the following Acts enacted by Indian government as per TRIPS agreement.
1. Patent Act, 1999, 2002 and 2005.
2. Protection of Traditional Knowledge under Patent Amendmerit Act, 2002.
3. The Design Act, 1999.
4. A new Trademarks Act, 1999 has been enacted.
5. The Trade and Merchandise Marks Act, 1958.

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Q98

Open question

Which of the following currency has largest weightage in the determination of the value of the SDR?

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Q99

Open question

What are the objectives of international trade?

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Q100

Open question

Arrange the following in correct sequence of shipment procedure in the exportation process.
1. The exporter reserves the required space in the vessel for shipment.
2. The exporter issues detailed instructions to the C and F agents.
3. Exporter makes arrangements for the transportation of goods to the port.
4. Necessary documents are submitted to the custom appraiser at the Custom House.
5. C and F agent obtains the Carting Order to move the cargo inside the dock.
6. Custom Examiner physically examines the shipment and then seals the packages in his presence.
7. Goods are then loaded in the ship and the Mate issues a Mate's Receipt to the Port Superintendent.

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Foreign Trade Policypractice.

Foreign Trade Policy
practice.