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CONTENTS
Geography
Economics
Political Science
History
Statistics
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Question-1
WTO aims at
(A)
Establishing rules for domestic trade
(B)
Restricting trade practices
(C)
Liberalizing international trade
(D)
Free trade
Question-2
Globalization can create problems for business because
(A)
It can result in more competition
(B)
It increases vulnerability to political risk and uncertainty when operating abroad
(C)
It means that they can increase prices
(D)
It means that they can decrease prices
Question-3
Trade between countries
(A)
Determines prices of products in different countries
(B)
Determines prices of products in different countries
(C)
Makes a country dependent on the other
(D)
Country independent
Question-4
Foreign trade takes place in
(A)
Between two or more countries
(B)
Between states of a countries
(C)
Within the states of a country
(D)
Union territories
Question-5
The member countries of WTO are
(A)
120
(B)
157
(C)
86
(D)
58
Question-6
IBRD was set up in
(A)
1983
(B)
1844
(C)
1948
(D)
1944
Question-7
The most dominant group in the World Trade Organization (WTO) is of
(A)
Developing countries
(B)
Developed countries
(C)
Countries of the middle east
(D)
Asian countries
Question-8
Which one of the following is a basic function of foreign trade?
(A)
It flourishes trade in the domestic market
(B)
Goods and services are produced for internal market
(C)
Goods and services are produced for internal market
(D)
Investment is done to expand the trade within the domestic markets
Question-9
What is the main feature of New Economic Policy?
(A)
Liberalization
(B)
Globalization
(C)
Privatization
(D)
All of these
Question-10
Globalization means
(A)
Integration of the economy with world economy
(B)
Increasing degree of openness in respect of international trade
(C)
Process of transformation of the world in to a single economic unit
(D)
All the above
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Plus 1 Humanities
Tamil Nadu (English Medium)
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