Smartindia Classroom
CONTENTS
Geography
Economics
Political Science
History
Statistics
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Question-1
The member countries of WTO are
(A)
120
(B)
157
(C)
86
(D)
58
Question-2
Technology transfer has been taking place on a large scale through
(A)
Licensing agreements and joint ventures
(B)
Choice of ownership structure
(C)
Simplification of procedures
(D)
Increasing degree of openness in respect of international trade
Question-3
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-4
The main inconvenience of barter system was
(A)
Transactions were many and complex
(B)
Lack of double coincidence of wants
(C)
The intermediate commodity need not be familiar
(D)
Prevalence of domestic system
Question-5
Globalization integrates different countries:
(A)
Through foreign trade
(B)
Through foreign investment
(C)
Through foreign investment
(D)
All the above
Question-6
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-7
When was privatization adopted in India?
(A)
1957
(B)
1995
(C)
1991
(D)
1926
Question-8
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-9
What are SEZs?
(A)
Special Economic Zones
(B)
Special Excise Zones
(C)
Special Excise Zones
(D)
Special Experience Zones
Question-10
What is the main feature of New Economic Policy?
(A)
Liberalization
(B)
Globalization
(C)
Privatization
(D)
All of these
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Plus 1 Humanities
Tamil Nadu (English Medium)
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