International Trade Law Solved MCQs with answers

1. one of the following is an international trade?

A. Trade between countries
B. Trade between regions
C. Trade between provinces
D. Both B and C
E. None of these

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2. In trade, Transportation cost affects____.

A. pattern of trade
B. Global supply chains
C. boundaries between tradable and non-tradable goods
D. Both A and B
E. All of these

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3. one of the following is NOT an advantage of international trade?

A. Import of defense material
B. Dependence on foreign countries
C. Export of surplus production
D. Availability of cheap raw materials
E. None of these

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4. In trade policies _____limits specified the number of goods to be imported at one tariff rate.

A. Specific tariff
B. Import tariff
C. Quota
D. Both A and B
E. None of these

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5. We can trade between two countries and this trade is very helpful if cost ratios of goods are____.

A. Decreasing
B. Undetermined
C. Different
D. Equal
E. None of these

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6. Charter of Human Rights adopted in____year

A. 1948
B. 1952
C. 1947
D. None of these

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7. Two countries gain foreign trade with____.

A. Tariff rates are different
B. Cost ratios are different
C. Price ratios are different
D. Both B and C
E. None of these

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8. Conference of Bogota introduced in____year

A. 1948
B. 1935
C. 1956
D. None of these

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9. one of the following is Term of trade of a country

A. Ratio of import duties
B. Ratio of goods exported and imported
C. Ratio of prices of exports and imports
D. Both A and C
E. None of these

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10. _____is the father of International Law.

A. Suerez
B. Oppenhein
C. Hago Grotius
D. Both A and B
E. None of these

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11. pne of the following policy about exports and imports?

A. Fiscal policy
B. Monetary policy
C. Commercial policy
D. Both A and B
E. Finance policy

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