Institutions & Integration

WTO, MFN, customs unions, FDI. Ideal for competitive exams and economics prep.

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QUESTION NO 01

WTO’s role includes?

Answer: Rules and dispute processes for international trade

It oversees multilateral trade norms.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 02

Protectionism aims to?

Answer: Shield domestic industries from foreign competition

Tools include tariffs, quotas, and standards.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

00 Likes

QUESTION NO 03

Dumping in trade usually means?

Answer: Selling abroad below fair/normal value

Anti-dumping duties may respond.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

00 Likes

QUESTION NO 04

An embargo is?

Answer: A ban on trade with a target

Often used as a policy sanction.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 05

Terms of trade often refer to?

Answer: Ratio of export prices to import prices

Better terms mean more imports per export unit.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

00 Likes

QUESTION NO 06

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

302 Quizzes

2930 Questions

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QUESTION NO 07

FDI means?

Answer: Foreign direct investment

Long-term cross-border investment in enterprises.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

00 Likes

QUESTION NO 08

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

302 Quizzes

2930 Questions

00 Likes

QUESTION NO 09

Infant industry argument supports?

Answer: Temporary protection for new domestic industries

Protection is meant to allow scale/learning.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 10

Most-favored-nation (MFN) treatment means?

Answer: Equal trade advantages to all MFN partners

Nondiscrimination is a WTO principle.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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Shahzad Mahota

@shahzad-mahota

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Institutions & Integration

WTO’s role includes?

Protectionism aims to?

Dumping in trade usually means?

An embargo is?

Terms of trade often refer to?

A customs union involves?

FDI means?

A trade deficit means?

Infant industry argument supports?

Most-favored-nation (MFN) treatment means?

Published By

Shahzad Mahota

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00

00

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Institutions & Integration

WTO’s role includes?

Explanation

Protectionism aims to?

Explanation

Dumping in trade usually means?

Explanation

An embargo is?

Explanation

Terms of trade often refer to?

Explanation

A customs union involves?

Explanation

FDI means?

Explanation

A trade deficit means?

Explanation

Infant industry argument supports?

Explanation

Most-favored-nation (MFN) treatment means?

Explanation

Published By

Shahzad Mahota

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