MCQ Questions on International Trade and Finance

MCQ Questions on International Trade and Finance: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. Ace up your preparation with the Objective Questions available on International Trade and Finance and enhance your subject knowledge. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams.

MCQ Questions on International Trade and Finance

11. International trade contributes and increases the world _________

1. Population
2. Inflation
3. Economy
4. Trade Barriers

Answer :-

1. Economy

12. The ratio of trade to GDP was as high as _________ in 1913.

22. 22.1
23. 11.2
24. 26.3
25. 33.2

Answer :-

22. 22.1

13. Free international trade maximizes world output through________.

1. Countries reducing various taxes imposed.
2. Countries specializing in production of goods they are best suited for.
3. Perfect competition between countries and other special regions
4. The diluting the international business laws & conditions between countries.

Answer :-

1. Countries specializing in production of goods they are best suited for.

14. Domestic company limits it’s operations to ___________ political boundaries.

1. International
2. National
3. Transnational
4. Global

Answer :-

1. National

15. Trade between two or more than two countries is known as ________.

1. Internal Business
2. External Trade
3. International Trade
4. Unilateral Trade

Answer :-

1. International Trade

16. _____refers to the tax imposed on imports.

1. Imported Tax
2. Tariffs
3. Subsidies
4. Import Quotas

Answer :-

1. Tariffs

17. _____ means selling the products at a price less than on going price in the market.

1. Quota
2. Tariff
3. Subsidy
4. Dumping

Answer :-

1. Dumping

18. _______is the oldest International Trade theory.

1. Country Similarity Theory
2. Theory of Absolute Cost advantage
3. Product Life Cycle Theory
4. Mercantilism Theory

Answer :-

1. Mercantilism Theory

19. A voluntary export restraint is the opposite form of _____.

1. Import quotas
2. International tariffs
3. Subsidies
4. Dumping

Answer :-

1. Import quotas

20. The international trade between ___________ is like a vast game of beggar my neighbor.

1. Exporter & Importer
2. Two Countries
3. Two world wars
4. Country’s allies and enemies

Answer :-

1. Two world wars