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Question 1
1) Asia's first Export Processing Zone was set up in Kandla in 1965.
2) Director General of Foreign Trade is an attached office of the Ministry of Corporate affairs.
3) Export Promotion of Capital Goods scheme allows import of capital goods at zero customs duty subject to an export obligation.
Which of the statements given above is/are correct?
Question 2
1. The Agreement on TRIMs is based on the belief that there is strong connection between trade and investment.
2. According to the TRIMs provision, countries should not adopt investment measures that restrict and distort trade.
3. WTO gives a list of prohibited investment measures or TRIMs like a local content requirement, export obligation, domestic employment, technology transfer requirement etc. that violates trade.
4. The objective of TRIMs is to ensure fair treatment of investment in all member countries
Which of the statements given above is/are correct?
Question 3
1) Austerity
2) Privatization
3) Elimination of barriers to FDI
4) Fiscal discipline
5) Redirecting public expenditure
6) Improving governance and fighting corruption
Select the correct answer using the code given below:
Question 4
1) Department of Investment and Public Asset Management is the nodal department for formulation of the policy on Foreign Direct Investment (FDI).
2) A liberal policy has been put in place on FDI under which FDI up to 100 per cent is permitted under the automatic route in most sectors/ activities.
3) Highest FDI inflows to India coming from USA.
Which of the above statements is/are correct?
Question 5
1). Literary works
2). Music compositions
3). Types of movie making
4). Scripts of theatre shows
Select the correct answer using the code given below:
Question 6
1). It is used specifically in Indian trade to make easy currency transaction between nations.
2). SDR is neither a currency nor a unit of transaction anywhere.
Which of the statements given above is/are correct?
Question 7
1) It forms a part of India’s capital account.
2) It can be used to finance only equity transactions of companies.
3) It can be used by start-ups operating from India.
Options-
Question 8
1) Protection of Intellectual Property Rights
2) Promotion of resource flow between nations
3) Ensuring technological modernization of nations to specialize world trade
Question 9
1) The account must be held in Indian currency.
2) These accounts are taxed be held in Indian currency.
3) The funds held in these accounts can be remitted back overseas subject to certain terms.
4) It is a type of fixed deposit account opened for depositing income earned overseas.
Question 10
1) Attracting FII in the country
2) Attracting FDI in the country
3) Protectionism
4) Pushing for innovation and indigenisation
Options-
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