International Business-Regional Economic Integration - SAARC, ASEAN, EC, NAFTA [NTA-NET (Based on NTA-UGC) Commerce (Paper-II)]: Questions 1 - 3 of 8

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Question number: 1

» International Business » Regional Economic Integration - SAARC, ASEAN, EC, NAFTA

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Appeared in Year: 2018

Assertion-Reason▾

Question

Assertion (Ꭺ)

An export processing zone is different from free trade zone as it promotes units primarily devoted to exports. (September Paper II)

Reason (Ꭱ)

Goods imported to a free trade zone may be re-exported without any processing, in the same form. But, goods exported by units in an EPZ are expected to have undergone some value addition by manufacturing/processing.

Choices

Choice (4)Response

a.

Ꭺ is false but Ꭱ is true

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question number: 2

» International Business » Regional Economic Integration - SAARC, ASEAN, EC, NAFTA

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Appeared in Year: 2016

MCQ▾

Question

Which among the following are full member countries of ASEAN?

(i) Brunei Darussalam

(ii) Cambodia

(iii) Vietnam

(iv) Myanmar

(v) Sri Lanka

(July Paper 3)

Choices

Choice (4)Response

a.

(ii), (iii), (iv) and (v)

b.

(i), (ii), (iii) and (iv)

c.

(i), (ii), (iii) and (v)

d.

(i), (ii) and (v)

Question number: 3

» International Business » Regional Economic Integration - SAARC, ASEAN, EC, NAFTA

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Appeared in Year: 2005

MCQ▾

Question

Which one of the following is a characteristic of a free trade zone?

Choices

Choice (4)Response

a.

Common Import Tariffs

b.

Common Currency

c.

No internal trade barriers

d.

Common Economic Policy

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