International trade finance multiple choice questions and answers pdf
This post covers International Trade MCQ with answers updated in 2021. These MCQs will definitely help MBA, BBA, B Com, M Com, MMS, PGDM, and International Business specialization students. Show These International Trade multiple choice questions can be used for NET, SET, PH. D., and other competitive entrance exams. These MCQs cover MCQ on sub-topics like foreign trade, multinational trade, or global trade. Part 1: MCQ on Introduction to International TradeInternational trade contributes and increases the world _________ A. Population B. Inflation C. Economy D. Trade Barriers View Answer C. Economy The ratio of trade to GDP was as high as _________ in 1913. A. 22.1 B. 11.2 C. 26.3 D. 33.2 View Answer A. 22.1 Free international trade maximizes world output through________. A. Countries reducing various taxes imposed. B. Countries specializing in production of goods they are best suited for. C. Perfect competition between countries and other special regions D. The diluting the international business laws & conditions between countries. View Answer B. Countries specializing in production of goods they are best suited for. Domestic company limits it’s operations to ___________ political boundaries. A. International B. National C. Transnational D. Global View Answer B. National Trade between two or more than two countries is known as ________. A. Internal Business B. External Trade C. International Trade D. Unilateral Trade View Answer C. International Trade _____refers to the tax imposed on imports. A. Imported Tax B. Tariffs C. Subsidies D. Import Quotas View Answer B. Tariffs _____ means selling the products at a price less than on going price in the market. A. Quota B. Tariff C. Subsidy D. Dumping View Answer D. Dumping _______is the oldest International Trade theory. A. Country Similarity Theory B. Theory of Absolute Cost advantage C. Product Life Cycle Theory D. Mercantilism Theory View Answer D. Mercantilism Theory A voluntary export restraint is the opposite form of _____. A. Import quotas B. International tariffs C. Subsidies D. Dumping View Answer A. Import quotas The international trade between ___________ is like a vast game of beggar my neighbor. A. Exporter & Importer B. Two Countries C. Two world wars D. Country’s allies and enemies View Answer C. Two world wars Go To Part 2: MCQs On International Trade Blocks Share this:Given below are International Trade MCQ with answers. These multiple choice questions will definitely help MBA, PGDM, BBA, B Com, MMS, M Com, and Ph D students. They can use it for university as well as entrance exam preparations. This includes but not limited to UPSC, MPSC, UGC NET and SET exams. These MCQ sets also covers topics like foreign trade, international trade finance, global trade and international trade theories. Part 1: MCQ on Introduction to International Trade_____ provided a series of ’rounds’ of negotiations by which tariffs were reduced. A. IMF B. NAFTA C. IBRD D. GATT View Answer D. GATT ______ happens when Imports are more than exports. A. Trade barrier B. Trade deficit C. Trade surplus D. Trade contract View Answer B. Trade deficit ______ happens when Exports are more than imports. A. Trade barrier B. Trade deficit C. Trade surplus D. Trade contract View Answer C. Trade surplus BOP stands for ________. A. Bank of Payments B. Barrier of Payments C. Bill of Payments D. Balance of Payments View Answer D. Balance of Payments The ________ is composed of capital account and current account. A. Bill of credit B. Barrier of Payments C. Bill of Payments D. Balance of Payments View Answer D. Balance of Payments The full form of UNCTAD is ______ A. United Nations Conference on Tariff and Duties B. United Nations Committee on Trade and Development C. United Nations Conference on Trade and Development D. United Nations Council on Tariff and Development View Answer C. United Nations Conference on Trade and Development Share this:
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