International Trade & WTO PYQs

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1. Prelims 2002Q23International Trade & WTO

   India has the maximum volume of foreign trade with

   aUSAbJapancGermanydUAE
2. Prelims 2002Q71International Trade & WTO

   In terms of value, which one of the following commodities accounted for the largest agricultural exports by India during the three-year period from 1997-1998 to 1999-2000?

   aCerealsbMarine productscSpicesdTea
3. Prelims 2002Q85International Trade & WTO

   With reference to the public Sector Undertaking in India, consider the following statements:

   1.Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.

   2.Project and Equipment Corporation of India Limited is under the Ministry of Industry.

   3.One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities

   Which of these statements is/are correct?

   a1 onlyb1 and 2c2 and 3d3 only
4. Prelims 2001Q99International Trade & WTO

   The earlier name of WTO was

   aUNCTADbGATTcUNIDOdOECD
5. Prelims 2000Q39International Trade & WTO

   Consider the following statements: The Ministerial Meeting of the WTO held in December 1999 was unsuccessful because it attempted to link trade with

   1.Labour related issues.

   2.Environment related issues.

   3.Terrorism related issues.

   4.Debt related issues.

   Which of these statements are correct?

   a1, 3 and 4b1 and 2c2 and 3d2 and 4
6. Prelims 2000Q88International Trade & WTOAnswer disputed

   Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991.

   Reason (R): The Government of India has resorted to devaluation.

   aBoth A and R are true, and R is the correct explanation of AbBoth A and R are true, but R is not a correct explanation of AcA is true, but R is falsedA is false, but R is true
7. Prelims 1998Q9International Trade & WTOAnswer disputed

   Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

   aAfricabAmericacAsia and OceaniadEurope
8. Prelims 1998Q13International Trade & WTOAnswer disputed

   Which one of the following countries has replaced Italy as the major importer of bauxite from India?

   aCanadabGreececUkrainedUnited Arab Emirates
9. Prelims 1998Q33International Trade & WTO

   Assertion (A): The United States of America has threatened to ask the World Trade Organisation (WTO) to apply sanctions against the developing countries for the non-observance of ILO conventions.

   Reason (R): The United States of America itself has adopted and implemented those ILO conventions.

   aBoth A and R are true, and R is the correct explanation of AbBoth A and R are true, but R is NOT a correct explanation of AcA is true, but R is falsedA is false, but R is true
10. Prelims 1998Q52International Trade & WTO

    The economist who was associated with the WTO draft document is

    aA.K. SenbT.N. SrinivasancJ.N. BhagwatidAvinash Dixit
11. Prelims 1997Q35International Trade & WTO

    One of the important agreements reached in the 1996 Ministerial Conference of WTO relates to

    aCommerce in Information TechnologybMultilateral Agreement on InvestmentcMulti-fibre AgreementdExchange of Technical Personnel
12. Prelims 1997Q53International Trade & WTOAnswer disputed

    Match List I with List II and select the correct answer by using the codes given below the lists:

    List I (Commodities exported from India)

    A.Iron-ore

    B.Leather goods

    C.Tea

    D.Cotton fabrics

    List II (Countries of destination)

    1.Russia

    2.USA

    3.Japan

    4.UK

    5.Canada

    aA-5, B-1, C-2, D-3bA-3, B-1, C-4, D-2cA-1, B-5, C-4, D-3dA-3, B-4, C-1, D-2
13. Prelims 1996Q31International Trade & WTO

    Assertion (A): An important policy instrument of economic liberalization is reduction in import duties on capital goods.

    Reason (R): Reduction in import duties would help the local entrepreneurs to improve technology to face the global markets.

    In the context of the above two statements, which one of the following is correct?

    aBoth A and R are true and R is the correct explanation of AbBoth A and R are true and R is not a correct explanation of AcA is true but R is falsedA is false but R is true
14. Prelims 1996Q37International Trade & WTOAnswer disputed

    The emerging trading blocs in the world, such as NAFTA, ASEAN and the like, are expected to

    aact as constrictions in free trade across the worldbpromote free trade on the lines laid down by the WTOcpermit transfer of technology between member countriesdpromote trade in agricultural commodities between countries of the North and South
15. Prelims 1996Q40International Trade & WTO

    Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?

    I.Promotion of free trade and resource flows across countries.

    II.Protection of intellectual property rights.

    III.Managing balanced trade between different countries.

    IV.Promotion of trade between the former East Bloc countries and the western world.

    Select the correct answer by using the codes given below:

    aI, II, III and IVbI and IIcII and IIIdI and IV
16. Prelims 1996Q95International Trade & WTO

    Consider the following items imported by India:

    I.Capital goods

    II.Petroleum

    III.Pearls and precious stones

    IV.Chemicals

    V.Iron and Steel The correct sequence of these items (as per 1994-95 figures) in decreasing order of value is —

    aI, II, III, IV, VbI, II, IV, III, VcII, I, III, IV, VdII, I, IV, V, III
17. Prelims 1996Q140International Trade & WTO

    The changing composition of the export trade is indicative of structural transformation of Indian economy in favour of modernisation. The best indicator of the trend is the

    arelative share of petroleum products in exportsbdecline in the share of agricultural products in exportscconstant share of ores and minerals in exportsdincrease in the share of manufactured products in exports
18. Prelims 1995Q79International Trade & WTO

    Which of the following benefits are likely to accrue to India from the World Trade Organisation?

    I.India’s share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 A.D.

    II.It will help boost exports of agricultural commodities from India.

    III.India’s share in the world trade is likely to triple by the year 2000 A.D.

    Select the correct answer using the codes given below:

    aI, II and IIIbI and IIcI and IIIdII and III
19. Prelims 1995Q95International Trade & WTO

    The new Exim Policy announced in 1992 is for a period of

    a3 yearsb4 yearsc7 yearsd5 years