Which one of the following is not included in subsidies?

• A) Tax break
• B) Anti-dumping measure
• C) Low-interest loan
• D) Cash grant

In 1929 when US stock market collapse, then Congress passes a new tariff known as;

• A) De Cardio Act
• B) De Faro Act
• C) D’Amato Act
• D) Smoot-Hawley Act

Some governments adopt a ‘Communitarian Paradigm’ and keep intervention in the economy at a minimum.

• A) False
• B) True
• C)
• D)

Germany is famous in making the cluster in which one of the following industries?

• A) Textile and apparel
• B) Heavy machinery
• C) Fabricated steel
• D) Automobile

TRIMS stand for;

• A) Trade-Related Intercontinental Measures
• B) Trade-Related Investment Measures
• C) Trade-Related International Measures
• D) Trade-Related Innovative Measures

Who presented a theory about ‘The Competitive Advantage of Nations’ in 1990?

• A) Adam Smith
• B) David Ricardo
• C) David Hume
• D) Michael Porter

It is a way that firms can unload excess production into foreign markets is called:

• A) Shipping
• B) Trucking
• C) Dumping
• D) Smuggling

Which of the following is true meaning of the term ‘trade deficit’?

• A) When import and exports becomes equal
• B) When exports exceed imports
• C) When imports exceed exports
• D) Trading can not be quantify

Copyrights, patents, trademarks and brand names are fall in the TRIMS agreement.

• A) False
• B) True
• C)
• D)

Swedish strength is in:

• A) Heavy machinery
• B) Fabricated steel products
• C) Auto mobile
• D) Cotton and wool garments

When an enterprise goes for FDI in an industry that provides inputs for a firm’s domestic operations, or it may be FDI in an industry abroad that sells the outputs of a firm’s domestic operations. This refers to:

• A) Licensing
• B) Green-field investment,
• C) Horizontal foreign direct investment
• D) Vertical foreign direct investment

Which of the following is a government payment to a domestic producer?

• A) Tariff
• B) Antidumping duty
• C) Subsidy
• D) Import quota

Paul Krugman was graduated from;

• A) Oxford University
• B) London School of Economics
• C) Belfast University
• D) Massachusetts Institute of Technology

What is the expressed form of GSP?

• A) Generalized System of Preferences
• B) General Assessment of Practices
• C) Granted System of Practices
• D) General System of Plead

Identify an economist who introduced new trade theory, made arguments and tried to answer deficiencies in the theory of Adam Smith and David Ricardo.

• A) Francis Huntington
• B) Maharishi Markandeya
• C) Paul Krugman
• D) Megawati Sukarnoputri

When an enterprise goes for FDI in the same industry in which a firm operates at home is known as:

• A) Horizontal foreign direct investment
• B) Vertical foreign direct investment
• C) Green-field investment
• D) Licensing

According to Porter theory, which of the following is the true expression of the reserve word of his theory; “The diamond”?

• A) It is mutually reinforcing system
• B) It is symbol of wealth
• C) It is sign of prosperity
• D) It is trade symbol

GATS stand for;

• A) General Agreement on Transport Sector
• B) General Agreement on Trade in Services
• C) General Agreement on Traffic and Settlement
• D) General Agreement on Tariff on Services

When a domestic firm grants the right to a foreign firm to produce its product, use its production processes, or use its brand name or trademark is known as:

• A) Green-field investment
• B) Licensing
• C) Universal Investment
• D) Furnished Investment

MFA stands for;

• A) Multinational Forecasting Agreement
• B) Manipulated Fighting Agreement
• C) Multifibre Agreement
• D) Manual Free Agreement