MCQOPTIONS
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MCQOPTIONS
This section includes 27 Mcqs, each offering curated multiple-choice questions to sharpen your International Trade knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
GATT was formed in: |
| A. | 1904 |
| B. | 1924 |
| C. | 1954 |
| D. | 1994 |
| Answer» E. | |
| 2. |
The Headquarters of EU are at: |
| A. | London |
| B. | Paris |
| C. | Brussels |
| D. | Berlin |
| Answer» D. Berlin | |
| 3. |
Slave trade was abolished in the USA in: |
| A. | 1708 |
| B. | 1758 |
| C. | 1778 |
| D. | 1808 |
| Answer» E. | |
| 4. |
Silk route was between: |
| A. | China and Rome |
| B. | China and India |
| C. | Japan and Sri Lanka |
| D. | D. |
| Answer» B. China and India | |
| 5. |
Which one of the following continents has the maximum flow of global trade? |
| A. | Asia |
| B. | North America |
| C. | Europe |
| D. | Africa |
| Answer» C. Europe | |
| 6. |
Most of the world s great ports are classified as: |
| A. | Naval Ports |
| B. | Oil Ports |
| C. | Comprehensive Ports |
| D. | Industrial Ports |
| Answer» D. Industrial Ports | |
| 7. |
Which is a Port of Call? |
| A. | Aden |
| B. | Karachi |
| C. | Goa |
| D. | Chennai |
| Answer» B. Karachi | |
| 8. |
Which is a river port? |
| A. | Mumbai |
| B. | Kochi |
| C. | Kolkata |
| D. | Karachi |
| Answer» D. Karachi | |
| 9. |
Which is not included in SAARC? |
| A. | India |
| B. | Pakistan |
| C. | Nepal |
| D. | Iran |
| Answer» E. | |
| 10. |
How many countries are there in OPEC? |
| A. | 10 |
| B. | 11 |
| C. | 12 |
| D. | 13 |
| Answer» D. 13 | |
| 11. |
In which trading block is Iceland? |
| A. | EU |
| B. | E.F.T.A. |
| C. | NAFTA |
| D. | OPEC |
| Answer» C. NAFTA | |
| 12. |
When exports are more than imports, trade is: |
| A. | Favourable |
| B. | Unfavourable |
| C. | Opposite |
| D. | Unbalanced |
| Answer» B. Unfavourable | |
| 13. |
In which of the following trade blocks, is India an associate member? |
| A. | SAFTA |
| B. | QECD |
| C. | ASEAN |
| D. | OPEC |
| Answer» D. OPEC | |
| 14. |
Which one of the following South American nation is a part of OPEC? |
| A. | Brazil |
| B. | Chile |
| C. | Venezuela |
| D. | Peru |
| Answer» D. Peru | |
| 15. |
Most of India s foreign trade is carried through: |
| A. | Land and sea |
| B. | Land and air |
| C. | Sea and air |
| D. | Sea |
| Answer» D. Sea | |
| 16. |
Which one of the following is a landlocked harbour? |
| A. | Vishakhapatnam |
| B. | Mumbai |
| C. | Ennor |
| D. | Haldia |
| Answer» E. | |
| 17. |
Trade between two countries is termed as: |
| A. | Internal trade |
| B. | External trade |
| C. | International trade |
| D. | Local trade |
| Answer» D. Local trade | |
| 18. |
When was Chennai port built? |
| A. | 1839 |
| B. | 1849 |
| C. | 1859 |
| D. | 1869 |
| Answer» D. 1869 | |
| 19. |
India has ______ major ports. |
| A. | 6 |
| B. | 8 |
| C. | 10 |
| D. | 12 |
| Answer» E. | |
| 20. |
What was the reason for the decline of import of foodgrains? |
| A. | Green revolution |
| B. | Decline in population |
| C. | Decrease in the birth rate |
| D. | Import duty |
| Answer» B. Decline in population | |
| 21. |
What is India s share in world trade? |
| A. | 1% |
| B. | 2% |
| C. | 3% |
| D. | 4% |
| Answer» B. 2% | |
| 22. |
Which element of India s International trade has changed? |
| A. | Amount |
| B. | Composition |
| C. | Direction |
| D. | All the above |
| Answer» E. | |
| 23. |
What is the major export from New Mangalore ports? |
| A. | Coal |
| B. | Iron ore |
| C. | Copper |
| D. | Mica |
| Answer» C. Copper | |
| 24. |
Which port is called the Queen of Arabian Sea ? |
| A. | Mangalore |
| B. | Cochi |
| C. | Mumbai |
| D. | Kandla |
| Answer» C. Mumbai | |
| 25. |
In which state is Nhava Sheva port located? |
| A. | Gujarat |
| B. | Goa |
| C. | Maharashtra |
| D. | Karnataka |
| Answer» D. Karnataka | |
| 26. |
Which country is the largest trading partner of India? |
| A. | Britain |
| B. | China |
| C. | the USA |
| D. | Pakistan |
| Answer» D. Pakistan | |
| 27. |
What is the cargo handling capacity of Indian ports (million tonnes)? |
| A. | 100 |
| B. | 300 |
| C. | 500 |
| D. | 700 |
| Answer» D. 700 | |