Top 250+ Solved Export Import Procedures and Documentation MCQ Questions Answer
Q. Trade Related Investment Measures (TRIMS) doesn’t apply for
a. Measures that affect trade in goods.
b. Measures that lead to restrictions on quantities.
c. Discouraging measures that limit a company’s imports.
d. Discouraging measures that limit a company’s exports.
Q. General Agreement on Trade in Services will not be applicable to
a. Services supplied from one country to another – cross border supply
b. Transaction of goods across the border – Export Import
c. Individuals traveling from own country to supply services in another – presence of natural persons.
d. Consumers/firms making use of a service in another country – consumption abroa
Q. As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn’t consider
a. Direct payments to farmers are permitted.
b. Indirect assistance and support to farmers including R & D support by govt. are not permitted.
c. Domestic policies which directly effect on production and trade have to be cut back.
d. Least developed countries do not need to make any cuts.
Q. Quantitative restrictions refer to limit set by countries to curb
a. Imports
b. Exports
c. Imports & exports
d. None of the above
Q. A Most Favored nation status doesn’t necessarily refer to
a. Same and equal economic treatment
b. Non-discriminatory treatment
c. Same tariff rates applicable
d. Uniform civil code
Q. The world trade organization was formed in the year _________ with GATT as it basis.
a. 1993
b. 1994
c. 1995
d. 1996
Q. Power distance Index (PDI) of 77 compared to a world average of 56.5 for India indicates
a. High level of inequality of power and wealth within the society
b. Low level of inequality of power and wealth within the society
c. High level of Political corruption
d. Low level of Human development Index