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International Trade Test - 2

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International Trade Test - 2
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Weekly Quiz Competition
  • Question 1
    1 / -0.25

    In which year WTO was formed?

  • Question 2
    1 / -0.25

    Which association is the largest single market in the world?

  • Question 3
    1 / -0.25

    What are the components of International trade?

  • Question 4
    1 / -0.25

    Which of the following is a Oil port?

  • Question 5
    1 / -0.25

    Where is the headquarter of OPE(c)

  • Question 6
    1 / -0.25

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

    Solution

    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.

  • Question 7
    1 / -0.25

    Diamond harbor is on the river

  • Question 8
    1 / -0.25

    Deepest harbor for large vessels is

  • Question 9
    1 / -0.25

    Port on Zuary estuary

  • Question 10
    1 / -0.25

    Queen of Arabian sea

  • Question 11
    1 / -0.25

    How many types of trade?

  • Question 12
    1 / -0.25

    In which year GATT was formed?

  • Question 13
    1 / -0.25

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

    Solution

     

    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.

  • Question 14
    1 / -0.25

    Which is the largest trading partner of India?

    Solution

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

  • Question 15
    1 / -0.25

    Where is WTO Headquarter located?

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