Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?1. Promotion of free trade and resources flows across the countries2. Protection of Intellectual Property Rights3. Managing balanced trade between different nations
4. remove barriers of trade
1 only
2 only
3 only
all of these
Which of the following is characterised as "Rich coutries club"?
IBRD
IMF
ADB
IFC
What are the important outcomes of the globalization process?
Outsourcing
Financing
Decision taking
Exporting
Privatization refers to.
The sale of privately owned businesses to the government sector
The sale of public companies to the private sector
The sale of corporately owned businesses to individuals
None of these
In 1991, India met with an economic crisis relating to its ________ debt.
External
Internal
Income
Private
The growth of GDP was __________ during 1980 - 1990.
7.2%
5.8%
6.3%
8%
_______ consists of taxes on income and profits of business enterprises.
a) Indirect Tax
b) Corporate tax
c) Direct tax
d) Excise duty
a Only
b Only
c Only
Which accounts are an accounting record of all monetary transactions between a country and the rest of the world?
BOP (Balance of payments)
Inflation
Deflation
__________ have been removed to increase the competitive position of Indian goods in the international markets?
1. Tariffs
2. Import Licensing
3. Export duty
4. All of these
1. 1 only
With regard to the WTO subsidies are covered in two seperate international economic law agreements. Which are they?
The reform treaty and Treaty of Rome
The North American free trade agreement
GATT and the Agreement on subsidies
Free Trade Agreements
