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Test: International Trade - 2 - Humanities/Arts MCQ


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15 Questions MCQ Test - Test: International Trade - 2

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Test: International Trade - 2 - Question 1

In which year WTO was formed?

Test: International Trade - 2 - Question 2

Which association is the largest single market in the world?

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Test: International Trade - 2 - Question 3

What are the components of International trade?

Test: International Trade - 2 - Question 4

Which of the following is a Oil port?

Test: International Trade - 2 - Question 5

Where is the headquarter of OPE(c)

Test: International Trade - 2 - Question 6

Which of the following is not an item of India's major export

Detailed Solution for Test: International Trade - 2 - Question 6

Oil and petroleum are natural products and are mostly found in Middle East countries. Crude oil is imported from these countries by India and is then refined to obtain petroleum and petroleum products. We are the importers of oil rather than exporters.

Test: International Trade - 2 - Question 7

Diamond harbor is on the river

Test: International Trade - 2 - Question 8

Deepest harbor for large vessels is

Test: International Trade - 2 - Question 9

Port on Zuary estuary

Test: International Trade - 2 - Question 10

Queen of Arabian sea

Test: International Trade - 2 - Question 11

How many types of trade?

Test: International Trade - 2 - Question 12

In which year GATT was formed?

Test: International Trade - 2 - Question 13

When was the transformation of the General Agreement for Tariffs and Trade (GATT) into the World Trade Organization (WTO) officially completed?

Detailed Solution for Test: International Trade - 2 - Question 13

 

In 1994, member countries decided to set up a permanent institution for promoting free and fair trade, leading to the transformation of GATT into the World Trade Organization (WTO). Therefore, the correct answer is B) 1994.

Test: International Trade - 2 - Question 14

Which is the largest trading partner of India?

Detailed Solution for Test: International Trade - 2 - Question 14

US emerges as India's biggest trading partner in FY23 at $128.55 bn

Test: International Trade - 2 - Question 15

Where is WTO Headquarter located?

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