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

21. ____ is a group of countries agree to abolish all trade restrictionsand barriers.

1. Common market
2. Economic Union
3. Custom Union
4. Free Trade Area

Answer :-

1. Free Trade Area

22. EU stands for _____

1. Export Union
2. European Union
3. EXIM Union
4. Export Unit

Answer :-

1. European Union

23. The abbreviation SAARC stands for _______

1. South American Association for Regional Cooperation
2. South African Association for Regional Cooperation
3. South ASEAN Association for Regional Cooperation
4. South Asian Association for Regional Cooperation

Answer :-

1. South Asian Association for Regional Cooperation

24. The full form of WTO is __________

1. World Tariff Organization
2. World Trade Organization
3. Western Trade Organization
4. World Transport Organization

Answer :-

1. World Trade Organization

25. ________was replaced by WTO on January 1, 1995.

1. NAFTA
2. IMF
3. IRDB
4. GATT

Answer :-

1. GATT

26. In International Trade, Full form of NAFTA is ___________.

1. National American Free Trade Agreement
2. North Asian Free Trade Agreement
3. New Anti-Tariff Free Trade Agreement
4. North American Free Trade Agreement

Answer :-

1. North American Free Trade Agreement

27. AFTA is ___________.

1. ASEAN Free Trade Area
2. American Free Trade Area
3. Asian Free Trade Area
4. Agreement for Free Trade Area

Answer :-

1. ASEAN Free Trade Area

28. ASEAN stands for ___________.

1. The Association of Southeast American Nations
2. The Association of Southeast Asian Nations
3. The Agreement of Southeast American Nations
4. The Agreement of Southeast Asian Nations

Answer :-

1. The Association of Southeast Asian Nations

29. __________was established by a multilateral treaty of 23 countries in 1947.

1. WTO
2. UN
3. GATT
4. NAFTA

Answer :-

1. GATT (The General Agreement on Tariffs and Trade)

30. In International Trade, IMF stands for ___________.

1. International Monetary Fund
2. International Money Fund
3. International Market Fund
4. International Monetary Firm

Answer :-

1. International Monetary Fund