Tag: facilitators of international business

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Questions Related to facilitators of international business

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

Most of the counter trade agreements involve essential items of food like ____________.

  1. Rice

  2. Barley

  3. Wheat

  4. (A) and (C)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Counter trade agreements often involve essential commodities to ensure food security. Both rice and wheat are staple grains commonly traded under such arrangements.

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

Which one is not the source of external finance?

  1. WTO Funds

  2. World Bank Group

  3. Export Credit

  4. Foreign Direct Investment
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The sources for external finances that are available are export credit, world bank group, foreign direct investment. The WTO funds are not a source of external finances.

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

TRIP is one of the WTO agreements that deal with _________.

  1. Trade in Agriculture

  2. Trade in Services

  3. Trade Related Investment Measures

  4. None of the Above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

TRIP is one of the WTO agreements that deals with areas of intellectual property like copyright and related rights, trademarks including service marks, patents etc. 

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

Which among the following are important bodies of WTO?
i) Dispute Settlement Body
ii) NAFTA
iii) Trade Policy Review Body
iv) ASEAN
v) Council for Trade in Goods
vi) IBRD
vii) Council for Trade related aspects of Intellectual Property Rights.
viii) GATT
Which of the following are an appropriate combination?

  1. i, ii, iii, iv

  2. ii, iii, iv, v

  3. i, iii, v, vi

  4. iv, v, vi, viii
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The important bodies of the World Trade Organization (WTO) are Dispute settlement bodies, trade policy review body, council for trade in goods, council for trade related aspects of intellectual property rights.

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

WTO is considered as a ______________.

  1. Poor men's club

  2. Rich men's club

  3. Trade union

  4. Chamber of commerce
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The WTO is often criticized by developing nations as a 'rich men's club' because the rules and negotiations are frequently perceived to favor the interests of developed, industrialized nations.

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

Which organisation sets the rule of trade on a global scale?

  1. World Trade Organisation

  2. World Organisation of Trade

  3. Both (A) and (B)

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

World Trade Organisation

The World Trade Organization is the only international institution that oversees the global trade rules between nations. The WTO is based on agreements signed by the majority of the world's trading nations. The main function of the organization is to help producers of goods and services, exporters, and importers protect and manage their businesses.

Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

The first ministerial meeting of WTO was held in _________.

  1. 1994

  2. 1996

  3. 1998

  4. 2000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
First Ministerial Meeting of the WTO: On 9th December, 1996, the first inaugural ministerial meeting of the 128 member  World Trade Organisation (WTO) was held at Singapore, which is the first of its kind since the world trade body replaced the General Agreement on Tariffs and Trade in January 1995.
Multiple choice political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

Which of the following is not a major objective of the WTO?

  1. Increase international trade barriers

  2. Reduce international trade barriers

  3. Promote optimal use of world resources

  4. Create a more integrated trading system
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The major objectives of WTO is to reduce the trade barriers, promote optimal use of world resources, create a more integrated trading system.