Foreign Trade Policy - Study Mode
[#111] General electric follows . . . . . . . . as its international operational strategy.
Correct Answer
(D) transnational
[#112] Which of the following agreement ended Bretton Woods Agreement?
Correct Answer
(B) Smithsonian Agreement
[#113] Which of the following is not a subsidy box as per AoA?
Correct Answer
(D) Yellow box
[#114] An appropriate strategy for a company seeking limited form of participation in global market is
Correct Answer
(B) licensing
[#115] Which of the following statements are true? 1. WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property etc are not covered by them. 2. GATT had contracting parties, whereas WTO has members. 3. The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.
Correct Answer
(B) Both 2 and 3