(QUIZ) Economy MCQs : Foreign Trade

1. Consider the following statements about Export-Import Bank (EXIM).

1. EXIM bank created by an Act of Parliament.
2. Bank works under finance ministry.
3. Bank’s primary objective is to help export related companies.

Which of the above statements is / are true.

1. All of the above
2. 1 & 3 only
3. 1 & 2 only
4. 2 & 3

2. Consider the following statements.

1. The office of the DGFT (Director General of Foreign Trade) is responsible for formulating & execution of exim policy.
2. E-Biz project was launched on 2009.

Which of the above statements is / are true.

1. Both 1 & 2
2. 1 only
3. 2 only
4. Neither 1 nor 2

3. Consider the following statements.

1. Mercosur was created by North American Countries.
2. America is the largest trading partner of India.

Which of the above statements is / are true.

1. 1 only
2. 2 only
3. Neither 1 nor 2
4. Both 1 & 2

4. Consider the following statements.

1. India has the trade surplus with UAE.
2. Market Access Initiative scheme is intended to provide financial assistance for long term export promotion.

Which of the above statements is / are true.

1. 2 only
2. Neither 1 nor 2
3. Both 1 & 2
4. 1 only

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