Foreign Trade Policy - Practice Test

[#176] The Indian Government has classified importers into

(A) industrial users

(B) non-industrial users

(C) actual users

(D) all of these

Correct Answer

(D) all of these

[#177] Multilateral Investment Guarantee Agency (MIGA), an affiliate of World Bank, aims to address which one of the following?

(A) To promote comparative advantage among the trading nations to foster international trade

(B) To promote a platform for dispute settlement mechanism in world trade guarantee

(C) To encourage foreign direct in developoing countries by protecting investors from non-commercial risk

(D) To promote international trade in goods and intelligence services

Correct Answer

(C) To encourage foreign direct in developoing countries by protecting investors from non-commercial risk

[#178] Which of the following items are not patentable? 1. Frivolous invention or which claims anything which is dearly opposite to the natural laws. 2. Computer hardware. 3. Patent capable of being worked and some commercial utility. 4. Inventions related to method of horticulture or agriculture. 5. Food inventions. 6. Medicines, computer software, biological invention. Select the correct answer

(A) 1, 2, 4, 6

(B) 1, 3, 4, 6

(C) Both 1 and 5

(D) Both 1 and 4

Correct Answer

(C) Both 1 and 5

[#179] Which of the following statements(s) is/are correct about WTO? 1. Belarus is not a member of WTO. 2. Ministerial Conferenceis highest decision-making body of WTO meets annually.

(A) Only 1

(B) Only 2

(C) Both 1 and 2

(D) None of the above

Correct Answer

(A) Only 1

[#180] Which of the following statement is not true for FIEO?

(A) This is an apex body of several organisations related to export promotions

(B) The federation works as a link between the international organisations and the government

(C) They have been established by the Indian Government to promote some of the traditional commodities that have high export potential in the global market

(D) It facilitates direct communication between the businessmen of the world and India

Correct Answer

(C) They have been established by the Indian Government to promote some of the traditional commodities that have high export potential in the global market

Foreign Trade Policy - Study Mode

[#176] The Indian Government has classified importers into

Correct Answer

[#177] Multilateral Investment Guarantee Agency (MIGA), an affiliate of World Bank, aims to address which one of the following?

Correct Answer

Correct Answer

[#179] Which of the following statements(s) is/are correct about WTO? 1. Belarus is not a member of WTO. 2. Ministerial Conferenceis highest decision-making body of WTO meets annually.

Correct Answer

[#180] Which of the following statement is not true for FIEO?

Correct Answer