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International Trade

Imports, exports, exchange rates, and trade organizations.

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International Trade

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International Trade
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QUESTION NO 01
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Exchange rate is?

Answer: Price of one currency in terms of another
It affects import/export competitiveness.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 02
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A customs union involves?

Answer: Free trade among members plus a common external tariff
Deeper than a simple FTA in external policy.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 03
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Dumping in trade usually means?

Answer: Selling abroad below fair/normal value
Anti-dumping duties may respond.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 04
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A quota in trade is?

Answer: A quantitative limit on imports
Quotas restrict volume directly.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 05
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FDI means?

Answer: Foreign direct investment
Long-term cross-border investment in enterprises.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 06
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The balance of trade records?

Answer: Exports minus imports of goods (often)
Trade surplus/deficit is a common headline metric.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 07
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Depreciation of a currency tends to make?

Answer: Exports cheaper and imports dearer (other things equal)
Foreign buyers find goods less expensive.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 08
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WTO’s role includes?

Answer: Rules and dispute processes for international trade
It oversees multilateral trade norms.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 09
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WTO’s role includes?

Answer: Rules and dispute processes for international trade
It oversees multilateral trade norms.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes
QUESTION NO 10
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A trade deficit means?

Answer: Imports exceed exports (goods/services as defined)
It is financed via capital inflows or reserves, etc.
Shahzad Mahota
Shahzad Mahota @shahzad-mahota
302 Quizzes
2930 Questions
00 Likes

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