International Finance And Treasury - Study Mode

[#276] The area where the goods are permitted to be imported and re-exported without any processing in the same form is called
Correct Answer

(D) Agri Export Zone

Explanation

Solution: The area where the goods are permitted to be imported and re-exported without any processing in the same form is called Agri Export Zone. An Agri Export Zone or AEZ is a specific geographic region in a country demarcated for setting up agriculture based processing industries, mainly for export.

[#277] The components of Balance of Payment includes.
Correct Answer

(B) Current account and official reserves

Explanation

Solution: The components of Balance of Payment includes Current account and official reserves.

[#278] The total value of the products and services marketed by a nation is called.
Correct Answer

(D) Per capita income

Explanation

Solution: The total value of the products and services marketed by a nation is called Per capita income. Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.

[#279] The legal settlement of international trade disputes is.
Correct Answer

(A) Negotiation

Explanation

Solution: The legal settlement of international trade disputes is Negotiation. Negotiation is a settlement method which is usually applied in international dispute settlement. In particular, the parties discuss together, struggle, compromise and agree to settle the dispute. The result of the negotiation is that the dispute could be resolve or not.

[#280] The certificate issued for the registration under Export Promotion Council is called.
Correct Answer

(D) ITC number

Explanation

Solution: The certificate issued for the registration under Export Promotion Council is called ITC number.