International Business-Structure of India's Foreign Trade (NTA-NET (Based on NTA-UGC) Commerce (Paper-II)): Questions 1 - 3 of 14

Access detailed explanations (illustrated with images and videos) to 1264 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. Subscription can be renewed yearly absolutely FREE! View Sample Explanation or View Features.

Rs. 550.00 or

How to register?

Question number: 1

» International Business » Structure of India's Foreign Trade » Exim Policy of India

Edit

Appeared in Year: 2016

MCQ▾

Question

As per the Foreign Trade Policy 2015 - 2020, a three star export house should have:

Choices

Choice (4) Response

a.

Export performance (FOB/FOR) of US $2000 million during current and previous two years.

b.

Export performance (FOB/FOR) of US $500 million during current and previous two years.

c.

Export performance (FOB/FOR) of US $100 million during current and previous two years.

d.

Export performance (FOB/FOR) of US $1000 million during current and previous two years.

Question number: 2

» International Business » Structure of India's Foreign Trade » Foreign Trade

Edit

Appeared in Year: 2018

MCQ▾

Question

Select the correct code of the following statements being correct or incorrect.

Statement (I): The ‘law of one price’ states that in competitive markets free of transportation costs and barriers to trade, identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency.

Statement (II): An ‘Efficient market’ has no impediments to the free flow of goods and services, such as trade barriers. (September Paper II)

Choices

Choice (4) Response

a.

Statements (I) and (II) are correct.

b.

Statements (I) and (II) are incorrect.

c.

Statement (II) is correct but (I) is incorrect.

d.

Statement (I) is correct but (II) is incorrect.

Question number: 3

» International Business » Structure of India's Foreign Trade » Foreign Trade

Edit

Appeared in Year: 2018

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List - II with the items of List - I relating to liberalisation of agricultural trade. (September Paper II)

List-Ⅰ (Column I) List-Ⅱ (Column II)

(A)

Actionable subsidies

(i)

They have demonstrably adverse effects on other member countries.

(B)

Prohibited subsidies

(ii)

Replacement of existing non-tariff restrictions.

(C)

Non-actionable subsidies

(iii)

For industrial research in disadvantaged regions.

(D)

Tariffication

(iv)

They act on goods which are contingent upon export performance.

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (ii)
  • (iv)
  • (i)
  • (iii)

b.

  • (i)
  • (iv)
  • (iii)
  • (ii)

c.

  • (ii)
  • (iii)
  • (i)
  • (iv)

d.

  • (i)
  • (ii)
  • (iv)
  • (iii)

Developed by: