General electric follows . . . . . . . . as its international operational strategy.
A. global
B. international
C. multi-domestic
D. transnational
Select an option to see the answer and solution.
Which of the following agreement ended Bretton Woods Agreement?
A. Louvre Accord
B. Smithsonian Agreement
C. GATT
D. Plaza Accord
Select an option to see the answer and solution.
Which of the following is not a subsidy box as per AoA?
A. Green box
B. Blue box
C. Amber box
D. Yellow box
Select an option to see the answer and solution.
An appropriate strategy for a company seeking limited form of participation in global market is
A. joint venturing
B. licensing
C. FDI
D. internet selling
Select an option to see the answer and solution.
Which of the following statements are true?
1. WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property etc are not covered by them.
2. GATT had contracting parties, whereas WTO has members.
3. The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.
A. Both 1 and 2
B. Both 2 and 3
C. Both 1 and 3
D. All of the above
Select an option to see the answer and solution.
The trade theory of absolute advantage was developed by
A. Haberler
B. David Ricardo
C. Adam Smith
D. Alfred Marshall
Select an option to see the answer and solution.
Which theory explores the possibility of two nation operating at the same level of efficiency, benefiting by trading with each other?
A. Theory of comparative advantage
B. Heckscher-Ohlin Model
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Which of the following is not the items of capital account?
A. NRI deposits
B. Official transfers
C. Disbursement
D. External assistance
Select an option to see the answer and solution.
Which of the following explain costs of FDI to home country?
A. Deterioration of Balance of Payment due to heavy capital outflow
B. Unemployment in home country
C. Deterioration in Current Account due to substitution of exports
D. All of the above
Select an option to see the answer and solution.
The undernoted items may be categorised into which one of the following?
Export quota, exchange control, profit remittance restrictions, subsidies, government procurement.
A. Tariffs
B. Unrestricted tariffs
C. Non-tariffbarriers
D. Hybrid of tariff and non-tariff barriers
Select an option to see the answer and solution.
Statement I Trade policy review body is a forum for the entire membership to review the trade policiesof all WTO members.
Statement II The WTO administers the 'Trade Review Mechanism.'
A. Statement I is correct, but Statement II is incorrect
B. Statement II is correct, but Statement I is incorrect
C. Both statements are correct
D. Both statements are incorrect
Select an option to see the answer and solution.
Match the items given in
List-I with the items of
List-II .
List-I
List-II
a. CIP
1. Carriage
b. CPT
2. Insurance and carriage
c. DAF
3. Freight, cost and insurance
d. CIF
4. Frontier
A. a-2, b-1, c-4, d-3
B. a-1, b-2, c-3, d-4
C. a-3, b-2, c-4, d-1
D. a-4, b-3, c-2, d-1
Select an option to see the answer and solution.
According to this theory, the holdings of a country's treasure primarily in the form of gold constituted its wealth.
A. Gold theory
B. Ricardo theory
C. Mercantilism theory
D. HO theory
Select an option to see the answer and solution.
Name the two schemes introduced under the new foreign trade policy?
A. Merchandise Export from India Scheme and Services Export from India Scheme
B. Services Export from India Scheme and Services Import from India Scheme
C. Services Import from India Scheme and Merchandise Export from India Scheme
D. Merchandise Import from India Scheme and Services Export from India Scheme
Select an option to see the answer and solution.
Which of the following statement is not true about the WTO?
A. WTO was officially constituted on 1st January, 1991
B. WTO is a permanent organisation
C. Uruguay round gave the birth to the WTO
D. Ministerial conference is the highest policy making body of the WTO
Select an option to see the answer and solution.
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) . Read the statement and choose the correct answer.
Assertion (A) The World Investment Report has prepared a transnationality index comprising average of three ratios based on foreign assets,
foreign sales, foreign employment.
Reason (R) Given the increasing liberal investment and environment policy in which such companies operate, transnationality would enhance strategy for greater penetration.
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. Both (A) and (R) are incorrect
Select an option to see the answer and solution.
Which of the following pair(s) is/are not correctly matched?
A. It assumes that factor modility within a country is complete ⟺ Endowment theory
B. It assumes that new products are initially developed in capital rich countries ⟺ imitation gap theory
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Which of the following are objectives of World Bank?
A. To assist in the development and reconstruction of the areas of the members, by facilitating the investment of capital for productive purposes
B. To endorse private foreign investments by means of guarantees or participation in loans and other investments made by the private investors
C. To promote the long range balanced growth of international trade and maintenance of equilibrium in the Balance of Payments of the member nations
D. All of the above
Select an option to see the answer and solution.
Statement I 'Trade Creation' and 'Trade Diversion' both have welfare implications.
Statement II Regional partners should be competitive and not complementary, for the purpose of the most efficient use of economic resources within a Customs Union.
A. Statement I is true, but Statement II is false
B. Statement II is true, but Statement I is false
C. Both statements are true
D. Both statements are false
Select an option to see the answer and solution.
The BoP is a fund statement that reflects changes in assets, liabilities and net worth during a . . . . . . . . period.
A. given
B. specified
C. financial
D. none of these
Select an option to see the answer and solution.