MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
___________ was introduced in 1969 |
| A. | Oil Facility |
| B. | Extended facility |
| C. | Buffer stock facility |
| D. | Trust Fund facility |
| Answer» D. Trust Fund facility | |
| 2. |
____________ is also called the International convention for the protection ofindustrial property. |
| A. | Paris Union |
| B. | National Treatment |
| C. | Industrial Policy Act |
| D. | Intellectual property Right |
| Answer» B. National Treatment | |
| 3. |
_________ is expected to eliminate all tariffs and trade barriers amongthe USA, Canada and Mexico. |
| A. | SAARC |
| B. | ASEAN |
| C. | NAFTA |
| D. | EEC |
| Answer» E. | |
| 4. |
The President elected for a term __________ in ADB |
| A. | 3 Years |
| B. | 4 Years |
| C. | 5 Years |
| D. | 6 Years |
| Answer» D. 6 Years | |
| 5. |
Environment is always changing constraining and ____________ |
| A. | Competing |
| B. | Uncertain |
| C. | dynamic |
| D. | Specific |
| Answer» C. dynamic | |
| 6. |
IDA was established primarily to provide finance to less developedmember countries on a _________ basis. |
| A. | Credit |
| B. | Soft loan |
| C. | Debit |
| D. | Hard loan |
| Answer» C. Debit | |
| 7. |
Removal of QRS means _________ |
| A. | Duty free imports |
| B. | An item can be imported without import license or quotas |
| C. | All imports are free of tariffs |
| D. | None of the above |
| Answer» C. All imports are free of tariffs | |
| 8. |
_________ is goods - for - goods deal |
| A. | Contract |
| B. | Trade |
| C. | Counter Trade |
| D. | Purchase |
| Answer» D. Purchase | |
| 9. |
Culture is _________ |
| A. | Subjective |
| B. | Prescriptive |
| C. | Cumulative |
| D. | All of the above |
| Answer» E. | |
| 10. |
A separate Bilateral NAFTA on market access for agriculturalproducts with Canada and _________ |
| A. | America |
| B. | Britain |
| C. | Mexico |
| D. | Japan |
| Answer» D. Japan | |
| 11. |
Holding _________ gives the bearer the option to acquire foreignexchange from the monetary authorities of another member of the IMF |
| A. | SDR |
| B. | Gold standard |
| C. | Credit trench |
| D. | All of the above |
| Answer» B. Gold standard | |
| 12. |
The term _________ relates to patent, trademarks, copyrights and trade secrets. |
| A. | Priority right |
| B. | Intellectual property right |
| C. | Tariff & Trade Act |
| D. | Madrid agreement |
| Answer» C. Tariff & Trade Act | |
| 13. |
In WTO _________ is the highest hierarchical level in the organizational structure. |
| A. | General council |
| B. | Committee and Management Bodies |
| C. | Management Bodies |
| D. | Ministerial conference |
| Answer» E. | |
| 14. |
The monopolist sells the remaining production in foreign countries at alow price continuously in _________ |
| A. | Intermittent Dumping |
| B. | Persistent Dumping |
| C. | Predatory Dumping |
| D. | Anti dumping |
| Answer» C. Predatory Dumping | |
| 15. |
ESCAP stands for _______ |
| A. | Economic and Social Commission for Asia and the Pacific |
| B. | Economic and Social Centre for Asia and the Pacific |
| C. | Economic and Social Commission for the Asia and Privatisation |
| D. | Economic and Social Culture for Asia and Public |
| Answer» B. Economic and Social Centre for Asia and the Pacific | |
| 16. |
__________ will include interest and amortization payment, put a strain on futurebalance of payments |
| A. | Credit Servicing charges |
| B. | Debit servicing charges |
| C. | Both a and b |
| D. | None of the above |
| Answer» C. Both a and b | |
| 17. |
MFA was replaced on 1 Jan. 1995 by _________ |
| A. | AOA |
| B. | ATC |
| C. | GATS |
| D. | TRIMS |
| Answer» C. GATS | |
| 18. |
GATT was applied on a _________ |
| A. | Permanent basis |
| B. | Provisional basis |
| C. | Both a and b |
| D. | None of the above |
| Answer» C. Both a and b | |
| 19. |
Contract Manufacturing is a form of _________ |
| A. | Acquisition |
| B. | Franchising |
| C. | Licensing |
| D. | Joint venture |
| Answer» E. | |
| 20. |
The SAARC countries comprise _________ |
| A. | Indonesia, Malaysia, Philippines, Singapore, Thailand, Bhutan, Nepal |
| B. | Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka |
| C. | Sri Lanka, Bhutan, Nepal, China, India, Bangladesh, Indonesia |
| D. | Bangladesh, Bhutan, China, Nepal, Pakistan, India, Sri Lanka |
| Answer» C. Sri Lanka, Bhutan, Nepal, China, India, Bangladesh, Indonesia | |
| 21. |
_________ provides a platform for the peoples of South Asia to worktogether in a spirit of friendship trust and undertaking. |
| A. | OECS |
| B. | ASEAN |
| C. | SAARC |
| D. | NAFTA |
| Answer» D. NAFTA | |
| 22. |
The monopolist sells the product in a foreign market at a low price initially with a view to drive away the competitors and increase the price after the competitors leave the market in _________ |
| A. | Predatory dumping |
| B. | Intermittent dumping |
| C. | Persistent dumping |
| D. | Anti duping |
| Answer» B. Intermittent dumping | |
| 23. |
_________ is the long term contracting out of non-core businessprocesses to an outside to help achieve increased share holder value |
| A. | Contract manufacturing |
| B. | BPO |
| C. | Management contract |
| D. | Turnkey contract |
| Answer» C. Management contract | |
| 24. |
WTO was setup in ______ |
| A. | 1995 |
| B. | 1992 |
| C. | 1996 |
| D. | 1994 |
| Answer» E. | |
| 25. |
_________ means replacement of existing non-tariff restriction on tradesuch as import quotas. |
| A. | Tariffication |
| B. | Tariff binding |
| C. | Tariff cuts |
| D. | Reduction in subsidies |
| Answer» B. Tariff binding | |
| 26. |
IMF was organised in ________ |
| A. | 1948 |
| B. | `1946 |
| C. | 1956 |
| D. | 1958 |
| Answer» C. 1956 | |
| 27. |
_________ is the process of convincing the various powerful elementsof the environment to act in the favour of the organisations. |
| A. | Coalescing |
| B. | Co-optation |
| C. | Lobbying |
| D. | None of the above |
| Answer» D. None of the above | |
| 28. |
____________ means that if an investor registers a patent in one member country, he can file an application for registration in other member countries within one year from the date of filing return, |
| A. | Patent cooperation Treaty |
| B. | Paris Union |
| C. | Priority Right |
| D. | National Treatment |
| Answer» D. National Treatment | |
| 29. |
_______ is the fastest growing trading bloc in the world. |
| A. | MERCOSUR |
| B. | NAFTA |
| C. | EEC |
| D. | ESCAP |
| Answer» B. NAFTA | |
| 30. |
ECM was brought into being __________ |
| A. | 31 Dec. 1957 |
| B. | 15 Jan, 1958 |
| C. | 1 Jan, 1958 |
| D. | 24 March 1957 |
| Answer» D. 24 March 1957 | |
| 31. |
The Corper is the link between the EU and _________ |
| A. | Commissioners |
| B. | Council |
| C. | Executive body |
| D. | Member Governments |
| Answer» E. | |
| 32. |
Which of the following is not a joint venture? |
| A. | Licensing |
| B. | Franchising |
| C. | Strategic alliance |
| D. | Contract Manufacturing |
| Answer» D. Contract Manufacturing | |
| 33. |
____________ is environment covers those factors which give shape and formto the dept. of economic activities. |
| A. | Technological |
| B. | Demographic |
| C. | Social and cultural |
| D. | Economic |
| Answer» E. | |
| 34. |
WTO Anti-dumping agreement doesn't have _________ |
| A. | rules for calculating the amount of dumping |
| B. | procedures for conducting anti-dumping investigations |
| C. | rules for setting disputes related to restrictive quota practices |
| D. | standards for dispute settlement panels to apply in anti-dumping disputes |
| Answer» D. standards for dispute settlement panels to apply in anti-dumping disputes | |
| 35. |
Which of the following is a form of contractual agreement _________ |
| A. | Franchising |
| B. | Licensing |
| C. | Joint venture |
| D. | Both a and b |
| Answer» E. | |
| 36. |
_________ is a device used to establish a set of priorities for using theorganization’s scarce resources |
| A. | Buffering |
| B. | Rationing |
| C. | Smoothing |
| D. | Coalescing |
| Answer» C. Smoothing | |
| 37. |
__________ means each nation shall be treated as well, as the most favourednation. |
| A. | GATT |
| B. | MFN |
| C. | FTZ |
| D. | TRRM |
| Answer» C. FTZ | |
| 38. |
The rules and commitment of Agreement on Agriculture apply to _________ |
| A. | Market access |
| B. | Domestic support |
| C. | Export subsidies and other programs |
| D. | All the above |
| Answer» E. | |
| 39. |
__________ is the World's largest trading block |
| A. | NAFTA |
| B. | EEC |
| C. | SAARC |
| D. | GATT |
| Answer» C. SAARC | |
| 40. |
The agreement of patent protection for _______ |
| A. | 20 years |
| B. | 15 years |
| C. | 10 years |
| D. | 7 years |
| Answer» B. 15 years | |
| 41. |
_______ is the process of convincing the various powerful elements of theenvironment to act in the favour of the organisations. |
| A. | Coalescing |
| B. | Cooptation |
| C. | Lobbying |
| D. | Procurement |
| Answer» D. Procurement | |
| 42. |
_____ promotes the development friendly integration of developingcountries into the world economy. |
| A. | UNCTAD |
| B. | IBRD |
| C. | IMF |
| D. | IDA |
| Answer» B. IBRD | |
| 43. |
_________ is a contract under which a firm agrees to fully design, construct and equip a manufacturing or business or service facility and turn the project to the purchaser ready for operation for a remuneration. |
| A. | Manufacturing contract |
| B. | Management contract |
| C. | Turnkey contracts |
| D. | Joint venture |
| Answer» D. Joint venture | |
| 44. |
_________ is popularly known as World Bank |
| A. | IBRD |
| B. | IDA |
| C. | ADB |
| D. | IMF |
| Answer» B. IDA | |
| 45. |
__________ is known a neo-liberalism |
| A. | Globaluation |
| B. | Liberalisation |
| C. | Privatization |
| D. | None of the above |
| Answer» B. Liberalisation | |
| 46. |
The time limit specified by the Agreement on import licensing for the agencies to deal with the procedure. |
| A. | 15 days |
| B. | 30 days |
| C. | 60 days |
| D. | 90 days |
| Answer» C. 60 days | |
| 47. |
ASEAN established on 8 August 1967 in _________ |
| A. | Katmandu |
| B. | Singapore |
| C. | Bangkok |
| D. | Nepal |
| Answer» D. Nepal | |
| 48. |
E.E.C. is also known as ________ |
| A. | Economic Common Market |
| B. | NFTA |
| C. | IPA |
| D. | European Common Market |
| Answer» E. | |
| 49. |
The product is sold at a high price in international markets and at alow price in the domestic market is called _________ |
| A. | Reverse dumping |
| B. | Persistent dumping |
| C. | Predatory dumping |
| D. | Sporadic dumping |
| Answer» B. Persistent dumping | |
| 50. |
Build, operate and transfer is the basic principle of _________ |
| A. | Strategic alliance |
| B. | Turnkey projects |
| C. | Contract Manufacturing |
| D. | Management Contract |
| Answer» C. Contract Manufacturing | |