Foreign Trade & International Organizations UPSC Questions

Economics

Foreign Trade & International Organizations MCQ Questions


13.
What are the advantages Export units obtained through EOU and STPs?
A.
Inter unit transfer of goods and services have been allowed among EOUs and STPs
B.
EOUs have been allowed facility to set up warehouses near the port of export.
C.
EOUs have been allowed the facility to use all duty free equipment/goods for training purposes
D.
All the above
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ANSWER :
D. All the above
14.
The FTP is also responsible for various concessions available to exporters operating in the _____
A.
Domestic Trade Area
B.
Domestic Tariff Area
C.
Domestic Tax Area
D.
Deposit Trade Area
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ANSWER :
B. Domestic Tariff Area
15.
Match the following. Schemes Advantages a) Advance Authorization Scheme i) saves the exporter from exchange rate fluctuations b) Duty-free Import Authorization Scheme ii) Excise duty tax paid for sourcing inputs are reimbursed c) Duty Drawback Scheme iii) Import products without payment of any custom or import duty d) Export Promotion Capital Good Scheme iv) Exporter is allowed to import duty-free other inputs e) Exchange Earners Foreign Currency Account v) Exports at zero import duty
A.
a-iii,b-iv,c-ii,d-v,e-i
B.
a-iv,b-ii,c-v,d-i,e-iii
C.
a-v,b-i,c-iii,d-ii,e-iv
D.
a-ii,b-v,c-i,d-iii,e-iv
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ANSWER :
A. a-iii,b-iv,c-ii,d-v,e-i
16.
India's share of merchandise exports amounted to around  _____ of the total global exports in 2020. (in per cent)
A.
1.52
B.
1.53
C.
1.57
D.
1.59
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ANSWER :
C. 1.57
17.
Exports to countries such as Singapore, southasian countries and Sri Lanka are increasing due to ______ entered into recently.
A.
Unilateral agreements
B.
Bilateral agreements
C.
Non-Disclosure Agreement
D.
Teaming agreement
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ANSWER :
B. Bilateral agreements
18.
Liberalization hasn't touched the export sector because
A.
Multiple complex regulatory framework
B.
Comprising of the Ministry of Commerce
C.
Financially independent
D.
Both a and b
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ANSWER :
D. Both a and b