1) Annexure 1A of the WTO agreement contains the MULTILATERAL

AGREEMENTS ON TRADE IN GOODS

2) Annexure 1B GENERAL AGREEMENT ON TRADE IN SERVICES
3) Annexure 1C AGREEMENT ON TRADE-RELATED ASPECTS OF
INTELLECTUAL PROPERTY RIGHTS
4) Annexure 2  UNDERSTANDING ON RULES AND PROCEDURES GOVERNING
THE SETTLEMENT OF DISPUTES
5) Annexure 3 TRADE POLICY REVIEW MECHANISM
6) Who wrote the book ‘The Lexus and the Olive Tree’ THOMAS FRIEDMAN
7) Who wrote ‘Globalisation and its Discontents’ JOSEPH STIGLITZ
8) Who has written the book ‘Has Globalisation gone too far’? DANI RODRIK
9) In which book did David Ricardo develop his theory of ‘comparative advantage’?
THE PRINCIPLES OF POLITICAL ECONOMY AND TAXATION
10) Who coined the term comparative advantage? DAVID RICARDO
11) Most Favoured Nation obligation and National Treatment obligation are two facets of
the ___NON DISCRIMINATION_ principle.
12) The term ‘Like products’ has been defined under the WTO Agreement as ‘products
that are sufficiently similar for consumers to see them as substitutable’. T/F- FALSE
13) Cross Price elasticity is the only mode of determination of ‘common end uses’ for
making an assessment regarding ‘directly competitive or substitutable’ products. T/F-
FALSE
14) Differential internal transportation charges, based exclusively on the economic
operation of the means of transport, are also a violation of the National Treatment
Principle under Article III:4 of GATT. T/F- FALSE
15) One of the grounds for claiming an exemption under Article XX, GATT is ‘measures
relating to products of prison labour’. True or False. TRUE
16) The right to regulate trade is a right bestowed by the WTO Agreement. True/False
17) The MFN obligation takes into account only advantages conferred upon products
originating in or destined for WTO Members but not advantages granted to ‘any other
country’. True/ False FALSE
18) Article I:1, GATT encompasses only de jure discrimination. True/ False FALSE
19) The National Treatment obligation relating to all laws, regulations, and requirements
under Article III:4 extends solely to substantive laws. T/F FALSE
20) The term ‘affecting’ under Article III:4 has been interpreted to mean only those laws
that directly concern conditions of sale/purchase. T/F FALSE
21) Mention any one of the four general criteria to determine ‘likeness’ laid down by the
Working Party on Border Tax Adjustments.
i) Properties, nature and quality of products
ii) End uses of product
iii) Consumers tastes and habits
iv) Tarrif classification of products
22) Does the authority of the Ministerial Conference and the General Council under
Article IX extend to modifying the content of existing WTO obligations? Yes/No NO
23) Separate customs territories, not being fully sovereign States, possessing full
autonomy in the conduct of their external commercial relations and in the other
matters covered by the WTO Agreement can be WTO Members. True/ False
24) Thomas Friedman attributed the origin of globalisation to 3 factors, namely,-
the democratisation of technology;
the democratisation of finance; and
the democratisation of information
25) Adam Smith’s classic book on economics is? THE WEALTH OF NATION
26) Does an interpretation of the DSB affect the right and obligations of non-parties to the
dispute? Y/N NO
27) The primary function of the WTO dispute settlement system is dispute resolution and
law making. T/F FALSE
28) The practice of Dispute Settlement Panels of making only those findings on claims as
are necessary to resolve the dispute at hand is known as the practice of
__________________.
29) International Economic Law is narrower than International Trade Law. True or False
FALSE
30) The general restriction on quantitative restrictions is a facet of the national treatment
obligation_______ principle.
31) A member-Nation can claim an exemption under Article XX (g) of GATT relating to
conservation of exhaustible natural resources only if _SUCH MEASURES ARE
EFFECTIVE IN CONJUNCTION WITH RESTRICTION ON DOMESTIC
PRODUCTION__
32) The following is the order of analysis under Article XX of GATT - 1) Does the
measure at issue satisfy the requirements of the chapeau of Article XX?
2) Does the measure at issue come under one of the specific exceptions?
T/F FALSE
33) The specificity of cultural goods is affirmed in the UNESCO’s Convention
Concerning the Protection of World Heritage Centres. T/F
34) A ‘reasonably available alternative’ is any alternative to the measure in violation as
long as it could have been implemented in the country regardless of prohibitive costs.
T/F
35) A member Nation’s right to regulate trade is restricted by the WTO Agreement.
True/False
36) The word “unconditionally" in Article I:1 does not pertain to the granting of an
advantage per se, but to the obligation to accord to the like products of all Members
an advantage which has been granted to any product originating in any country. True/
False TRUE
37) Article I:1, GATT encompasses both de facto and de jure discrimination. True/False
TRUE
38) Does the authority of the Ministerial Conference and the General Council under
Article IX extend to modifying the content of existing WTO obligations? Yes/No NO
39) Separate customs territories, not being fully sovereign States, possessing full
autonomy in the conduct of their external commercial relations and in the other
matters covered by the WTO Agreement can be WTO Members. True/ False
40) _HEKSCHER-OHLIN MODEL_ is a refined version of Ricardo’s model on the
theory of comparative advantage.
41) Cite an example of a regional trade agreement.
42) Article XX (f) of the GATT agreement exempts only measures imposed for protection
of national treasures of historic value. T/F FALSE
43) The GATT is the only agreement of the WTO that deals with trade in goods. T/F
44) The GATT agreement deals only with goods. T/F TRUE
45) All the agreements listed in Annex 1A to the Marrakesh Agreement Establishing the
World Trade Organization (hereinafter the “WTO Agreement”) concern particular
aspects or sectors of trade in goods or services. T/F FALSE
46) The concept of "conflict" as embodied in the General Interpretative Note to GATT
relate to situations where rules contained in one of the Agreements listed in Annex 1A
provide for different or complementary obligations in addition to those contained in
GATT 1994. T/F FALSE
47) Can the GATT and the GATS run concurrently in a single case? Y/N YES
48) Any decision relating to an ‘authoritative interpretation’ of the WTO Agreement must
be passed by the ___3/4th majority_____ or ________________.
49) In the event of conflict between a provision of the General Agreement on Tariffs and
Trade 1994 and a provision of another agreement in Annex 1A to the Agreement
Establishing the World Trade Organization (referred to in the agreements in Annex
1A as the "WTO Agreement"), the provision of GATT 1994 shall prevail to the extent
of the conflict. T/F FALSE
50) GATT 1994 and GATS are standing on the same plane in the WTO Agreement,
without any hierarchical order between the two. T/F TRUE