International Trade Laws mcq Quiz Set 3

1. The exchange of goods and services are known as______?

Correct! Wrong!

2. Which of the following is not considered as factors of production?

Correct! Wrong!

3. Trade between two countries is known as_____?

Correct! Wrong!

4. International Trade is most likely to generate short-term unemployment in_____?

Correct! Wrong!

5. Free traders maintain that an open economy is advantageous in that it provides all the following except_____?

Correct! Wrong!

6. Which of the following is not a benefit of international trade?

Correct! Wrong!

7. Which is not an advantage of international trade_____?

Correct! Wrong!

8. Trade between two countries can be useful if cost ratios of goods are_____?

Correct! Wrong!

9. Foreign trade creates among countries_____?

Correct! Wrong!

10. All are advantages of foreign trade except_____?

Correct! Wrong!

11. GATT was made in the year_____?

Correct! Wrong!

12. The new world Trade organization WTO., which replaced the GATT came into effect from____?

Correct! Wrong!

13. Banks of BRICS nations have agreed to establish credit lines in____currencies?

Correct! Wrong!

14. Where was the 11th meeting of BRICS Trade Ministers held from 13 Nov 2019 – 14 Nov 2019?

Correct! Wrong!

15. What is the name of the SAARC satellite to be launched on May 5, 2017?

Correct! Wrong!

16. Full form of SAFTA is_____?

Correct! Wrong!

17. Which of the following commitments has not been made by India to WTO?

Correct! Wrong!

18. The European Union was formally established on_____?

Correct! Wrong!

19. SAARC was established in_____?

Correct! Wrong!

20. NAFTA came into effect in_____?

Correct! Wrong!

International Trade Laws mcq Quiz Set 3

Leave a Reply

error: Content is protected !!
%d bloggers like this: