| 51. | If the goods made in Surat are sold in Mumbai or Delhi, it is |
A. Regional trade | |
B. Internal trade | |
C. International trade | |
D. Free trade |
| 52. | Where is the Indian Institute of Foreign Trade located? |
A. New Delhi | |
B. Hyderabad | |
C. Mumbai | |
D. Ahmedabad |
| 53. | One of the main factors contributing to the rapid expansion of Indian exports is – |
A. Imposition of import duties | |
B. Liberalization of the economy | |
C. Recession in other countries | |
D. Diversification of exports |
| 54. | In which year the World Trade Organization (WTO) was implemented? |
A. 1995 | |
B. 1997 | |
C. 1990 | |
D. 1993 |
| 55. | The World Trade Organization (WTO) of which it is a part is |
A. International Monetary Fund | |
B. United Nations | |
C. An american trade organization | |
D. An international trade organization established by GATT members |
| 56. | Whose systematic record is the balance of payments of a country? |
A. Import and export transactions over a specified period of time, usually a year | |
B. Goods exported by a country in a year | |
C. Economic transactions between the government of one country and the government of another country | |
D. Movement of capital from one country to another |
| 57. | The balance of payments consists of – |
A. Visual merchandising | |
B. Invisible trade | |
C. Loan | |
D. All of the above |
| 58. | In which year Foreign Exchange Management Act (FEMA) came into effect? |
A. 2003 | |
B. 2002 | |
C. 2000 | |
D. 1999 |
| 59. | Who has replaced FERA in India? |
A. FEMA | |
B. FETA | |
C. FENA | |
D. FELA |
| 60. | India has monopoly in the supply of what in the international market? |
A. Iron | |
B. Mica | |
C. Box side | |
D. Copper |