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FOREIGN TRADE QUESTIONS

Exam NameFOREIGN TRADE QUESTIONS
DescriptionFOREIGN TRADE QUESTIONS and Answers exams contains the questions from various competitive exams.These questions are the part of previous year paper.These kind of questions would be helpful in preparing for exams like IAS, PCS, UPSC, NDA, CDS SSC, RRB, PSC, IBPS
Exam TypeMASTER EXAM
Authenticity10002
creatorAnirudh(39048)
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Question: What is the purpose of the India Brand Equity Fund ?

Answer:To make "Made in India" s level of quality


Question: Foreign exchange rate means the rate at which the currency of one country can be traded for :

Answer:The currency of any other country in the foreign exchange market


Question: The practice of selling goods in a foreign country at a price below their domestic selling price is called ?

Answer:Dumping


Question: A Trade Policy consists of :

Answer:Export-Import Policy


Question: The World Trade Organisation (WTO) was formed in :

Answer:1995


Question: FERA in India has been replaced by :

Answer:FEMA


Question: The National Institute for Agriculture Marketing (NIAM):

Answer:Jaipur


Question: TRIPS and TRIMS are the term associated with :

Answer:WTO


Question: The exchange of commodities between two countries is referred as :

Answer:Bilateral Trade


Question: Many a time we hear about SEZ in newspaper /magazines What is the full form of SEZ ?

Answer:Special Economic Zone


Question: Many a time we come across a term in financial newspaper Balance of Payments. What does it really reflect ?

Answer:It is the statement of receipt from foreign countries and payments made to foreign countries


Question: Trade Gap means

Answer:Gap between total imports and total exports


Question: Specially developed economic zones in India where some of the economic laws and restrictions of the land are relaxed with the purpose of giving incentives to investors, are commonly known as :

Answer:Special Economic Zone


Question: MFN Clause is one of the main pillars on which:

Answer:WTO is based


Question: In which one of the following places was Asia's first Export Processing Zone (EPZ) set up ?

Answer:Kandla


Question: In which of the following years was General Agreement on Tariffs and Trade (GATT) absorbed into the world Trade Organization (WTO) ?

Answer:1995


Question: Which is known s the third pillar in international economic relations ?

Answer:WTO


Question: ECGC is related to :

Answer:Export statistics publication


Question: Which one of the following institution is related to export financing and insurance ?

Answer:ECGC


Question: Free Trade Policy refers to a policy where there is :

Answer:absent of tariff