Tag: trade and trade organisations

Questions Related to trade and trade organisations

What is EEC?

  1. European Union For Economic Policy

  2. European Union For Electronics Policy

  3. European Union For Environmental Policy

  4. None of these


Correct Option: C
Explanation:

EEC stands for European Union For Environmental Policies which is established for environmental issues.

Which of the following statements correctly describes a key feature of a directive of European Union?

  1. A directive must be implemented by Member States

  2. A directive must be implemented by President

  3. A directive must be implemented by people

  4. A directive is binding on the governments of third countries


Correct Option: A
Explanation:

A directive is a form of European Union secondary legislation. Article 288 TFEU describes a directive as 'binding as to the result to be achieved, upon each Member State to which it is addressed, but leaving to the national authorities the choice of form and methods'. This means that directives, which are set out in general terms, must be implemented by Member States through the adoption of detailed measures, usually by national legislation.

Who was not a president of the European Commission?

  1. Santer

  2. Prodi

  3. Dehaene

  4. All of these


Correct Option: C
Explanation:

Dehaene was nominated to follow Delors. Though the obvious candidate, he was blocked (in favor of Santer) by British Prime Minister, John Major.

Name one of the general principles of EU law.

  1. Primary legislation

  2. Proportionality

  3. Voting rights

  4. None of these


Correct Option: B
Explanation:

The EU legal order embraces a number of general principles of law. These include the principle of proportionality, which requires that actions taken or measures adopted, whether by Member States or the EU institutions, go no further than is necessary to achieve their objective.

Which one of the following terms is used to describe trade between two or more countries?

  1. Internal trade

  2. International trade

  3. External trade

  4. Local trade


Correct Option: B
Explanation:

 It may take place through sea, air or land routes. 

Which of the following commodities is imported from Egypt?

  1. Leather goods

  2. Cotton

  3. Jute manufactures

  4. Handlooms


Correct Option: B

Which of the following items is not exported by India?

  1. Readymade garments

  2. Wool

  3. Footwear

  4. Silk fabrics


Correct Option: B

Industrial raw materials are  ________ products.

  1. Primary

  2. Secondary

  3. Tertiary

  4. Quarternary


Correct Option: A
Explanation:
  • Raw materials form the part of the primary sector. 

India shares longest international boundary with which one of the following country?

  1. Bangladesh

  2. China

  3. Nepal

  4. Bhutan


Correct Option: A
Explanation:
Bangladesh
Bangladesh and India share a 4,096-kilometer (2,545-mile) long international border, the fifth-longest land border in the world. West Bengal with 2,217 km share longest border with Bangladesh. Other states include 262 km in Assam, 856 km in Tripura, 180 km in Mizoram, 443 km in Meghalaya, and 2,217 km in West Bengal.