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A. promote international trade
B. help economically backwards countries
C. maintain stable exchange rates
D. promote international liquidity
ANS: A
2. European union block introduced its currency known as .....
A. ZERO
B. BURAU
C. EURO
D. PURO
ANS: C
3. The quota system has..... restrictions on imports
A. Qualitative
B. quantitative
C. less
D. more
ANS: B
4. which if the following is not an aspect of the Uruguay (UR) Agreement on agriculture
A. tariff cuts.
B. tariff binding
C. Reduction in subsides and domestic support
D. tariff increase
ANS: C
5. -----helps to save scarce and precious foreign exchange
A. unilateral quota
B. import licensing
C. mixing quota
D. Bilateral quota
ANS: A
6. the headquarters of ASEAN is at
A. Malaysia
B. Singapore
C. Philippines
D. Jakarta, Indonesia
ANS: D
7. economic integration results in the -- of market
A. contraction
B. expansion
C. destruction
D. Degradation
ANS: B
8. ---currencies are those that the government allows both residents and non-resident to purchase jn in unlimited amounts
A. Partially convertible
B. Non-convertible
C. exotic
D. fully convertible
ANS: B
9. The GATS COVERS four modes of international delivery of services expect
A. cross border supply
B. commercial presence
C. consumption abroad
D. movement of goods
ANS: D
10. The UR agreement has bought the domestic support policies also under the .....trade discipline
A. Multilateral
B. Trilateral
C. Bilateral
D. Unilateral
ANS: A
11. From which bank ASEAN receive financial assistance
A. World Bank
B. Asia development bank
C. National development bank
D. Bank of Japan
ANS: B
12. What is the cause of the devaluation of any country currency
A. Increase in the domestic inflation
B. Domestic real interest rates are less than foreign interest rate
C. Much increase in the income
D. All
ANS: D
13. Regional trade association account for more than .... of the trade
A. 50%
B. 40%
C. 60%
D. 34%
ANS: D
14. After the second world war many countries have used the .... method to improve the balance of payment
A. Import Quota
B. Tarif
C. Dumping
D. Devaluation
ANS: B
15. The IMF has succeeded in resolving the issue of ...by establishing special drawing rights
A. International debt
B. International liquidity
C. Internal problem
D. internal trade
ANS: B
16. The quota system has .... restrictions on imports
A. Qualitative
B. Quantitative
C. Less
D. More
ANS: B
17. International factor movement trends to raise even more .......difficulties than international trade
A. Political
B. Social
C. Cultural
D. Geographical
ANS: A
18. Which of the following is not the mode of international delivery of service under GATS
A. Cross border supply
B. Consumption abroad
C. Commercial absences
D. Movement of personnel
ANS: D
19. According to modern economist’s trade liberalisation has increased ......in market place
A. Consumer Dream
B. Consumer Theft
C. Consumer Choice
D. consumer fight
ANS: C
20. Closed economy multiple begets designated as K which is factor of .....
A. MPC
B. MPS
C. MPC * MPS
D. MPC / MPS
ANS: D
21. When the uniform rate of duty is charges on all the commodity without making any discrimination between countries then it is called as.....
A. Multiple col tariff
B. Triple col
C. Double col
D. Single col
ANS: D
22. The expenditure switching policy to bring about internal and external balance work through....
A. Changes in price level
B. changes in exchange rate
C. Changes in balance of payment
D. changes in balance of fund
ANS: C
23......was established to meet the challenge posed by European economic community and Japan
A. LAFTA
B. NAFTA
C. SAARC
D. ASEAN
ANS: C
24......refers to removal of government and restriction from trade between nation
A. Trade liberalisation
B. Trade competition
C. Trade restriction
D. Trade association
ANS: A
25. ....is the central pillar of multilateral trading system
A. Dispute settlement
B. dispute adjustment
C. Dispute agreement
D. Dispute association
ANS: A
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