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International Trade MCQ With Answers

Public International Law (Bahauddin Zakariya University)

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International Trade MCQ With Answers

1. In International Trade, IMF stands for ___________.
A. International Monetary Fund
B. International Money Fund
C. International Market Fund
D. International Monetary Firm
Answer: International Monetary Fund
2. An import tariff is a tax or duty levied on ___________ commodities.
A. Imported
B. Exported
C. Transported
D. Both A & B
Answer: Imported
3. An _____________ is a tax or duty levied on exported commodities.
A. Import Tariff
B. Export Tariff
C. Transport Tariff
D. Free Trade Tariff (FTT)
Answer: Export Tariff
4. __________refers to purchase of goods from a foreign country.
A. Foreign Trade
B. Export Trade
C. Import Trade
D. EXIM Trade
Answer: Import Trade
5. _______is a fixed percentage of the value of the traded commodity.
A. Anti-dumping duty
B. Specific tariff
C. Ad Valorem tariff
D. A compound tariff
Answer: Ad Valorem tariff
6. In most countries, foreign trade represents a significant share of ______
A. EXIM
B. FDI
C. Income Per Capita
D. GDP
Answer: GDP
7. Cash grants, loans at a low rate,s and tax holidays are examples of ______.
A. Quotas
B. Tarifs
C. Subsidies
D. Discounts
Answer: Subsidies
8. _________refers to the sale of goods to a foreign country.
A. Foreign Trade
B. Export Trade
C. Import Trade
D. EXIM Trade
Answer: Export Trade
9. ________is a combination of an ad valorem and specific tariff.
A. Anti dumping tariff
B. Specified Valorem Tariff
C. EXIM Tariff
D. A compound tariff
Answer: A compound tariff
10. Foreign trade is an exchange of capital, goods, and services across _________ borders or
territories
A. Intranational
B. National
C. International
D. Both A & C
Answer: International

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11. _______ refers to goods imported from one country and exported to another country.
A. Third Party Trade
B. Entrepot trade
C. Export Trade
D. EXIM Trade
Answer: Entrepot trade
12. International trade contributes and increases the world _________
A. Population
B. Inflation
C. Economy
D. Trade Barriers
Answer: Economy
13. The ratio of trade to GDP was as high as _________ in 1913.
A. 22.1
B. 11.2
C. 26.3
D. 33.2
Answer: 22.1
14. Free international trade maximizes world output through________.
A. Countries reducing various taxes imposed.
B. Countries specializing in production of goods they are best suited for.
C. Perfect competition between countries and other special regions
D. The diluting the international business laws & conditions between countries.
Answer: Countries specializing in production of goods they are best suited for.
15. Domestic company limits it’s operations to ___________ political boundaries.
A. International
B. National
C. Transnational
D. Global
Answer: National
16. Trade between two or more than two countries is known as ________.
A. Internal Business
B. External Trade
C. International Trade
D. Unilateral Trade
Answer: International Trade
17. _____refers to the tax imposed on imports.
A. Imported Tax
B. Tariffs
C. Subsidies
D. Import Quotas
Answer: Tariffs
18. _____ means selling the products at a price less than the ongoing price in the market.
A. Quota
B. Tariff
C. Subsidy
D. Dumping
Answer: Dumping
19. _______is the oldest International Trade theory.
A. Country Similarity Theory
B. Theory of Absolute Cost advantage
C. Product Life Cycle Theory
D. Mercantilism Theory
Answer: Mercantilism Theory
20. A voluntary export restraint is the opposite form of _____.
A. Import quotas
B. International tariffs
C. Subsidies
D. Dumping
Answer: Import quotas
21. The international trade between ___________ is like a vast game of beggar my neighbor.
A. Exporter & Importer

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B. Two Countries
C. Two world wars
D. Country’s allies and enemies
Answer: Two world wars
22. ____ is a group of countries that agree to abolish all trade restrictions and barriers.
A. Common market
B. Economic Union
C. Custom Union
D. Free Trade Area
Answer: Free Trade Area
23. EU stands for _____
A. Export Union
B. European Union
C. EXIM Union
D. Export Unit
Answer: European Union
24. The abbreviation SAARC stands for _______
A. South American Association for Regional Cooperation
B. South African Association for Regional Cooperation
C. South ASEAN Association for Regional Cooperation
D. South Asian Association for Regional Cooperation
Answer: South Asian Association for Regional Cooperation
25. The full form of WTO is __________
A. World Tariff Organization
B. World Trade Organization
C. Western Trade Organization
D. World Transport Organization
Answer: World Trade Organization
26. ________was replaced by WTO on January 1, 1995.
A. NAFTA
B. IMF
C. IRDB
D. GATT
Answer: GATT
27. In International Trade, Full form of NAFTA is ___________.
A. National American Free Trade Agreement
B. North Asian Free Trade Agreement
C. New Anti-Tariff Free Trade Agreement
D. North American Free Trade Agreement
Answer: North American Free Trade Agreement
28. AFTA is ___________.
A. ASEAN Free Trade Area
B. American Free Trade Area
C. Asian Free Trade Area
D. Agreement for Free Trade Area
Answer: ASEAN Free Trade Area
29. ASEAN stands for ___________.
A. The Association of Southeast American Nations
B. The Association of Southeast Asian Nations
C. The Agreement of Southeast American Nations
D. The Agreement of Southeast Asian Nations
Answer: The Association of Southeast Asian Nations
30. __________was established by a multilateral treaty of 23 countries in 1947.
A. WTO
B. UN
C. GATT
D. NAFTA
Answer: GATT (The General Agreement on Tariffs and Trade)

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E Commerce MCQ With Answers

1. Enterprise 2.0 also known as _______
A. Social Business
B. Social Enterprise
C. Web 2.0
D. Social Media
Answer: Social Enterprise
2. Collaboration 2.0 is also known as ____.
A. Social Enterprise
B. Social Collaboration
C. Collaboration Commerce
D. Collaboration Media
Answer: Social Collaboration
3. Collaboration word is derived from latin word _______.
A. Collabrica
B. Collaberance
C. Collaboratio
D. Collaboraze
Answer: Collaboratio
4. Social networking is ________.
A. Group-centric
B. Individual-centric
C. Organization-centric
D. Society-centric
Answer: Individual-centric
5. Social collaboration is ______.
A. Group-centric
B. Individual-centric
C. Organization-centric
D. Person-centric
Answer: Group-centric
6. EC in EC Business models stands for ______
A. E-Connected
B. Electronic Commerce
C. Essential Commerce
D. Electric Commerce
Answer: Electronic Commerce
7. ________is part of the four main types for e-commerce.
A. B2B
B. P2P
C. C2A
D. All of the above
Answer: All of the above
8. Companies like Flipkart, Shopclues, and Myntra belong to the ________ Ecommerce (EC)
segment.
A. B2B
B. P2P
C. B2C
D. C2B
Answer: B2C
9. OLX is an example of ________ E-commerce segment.
A. B2B
B. B2C
C. C2B
D. C2C
Answer: C2C
10. Customers pay a fixed amount, usually monthly or quarterly, or annually, to get some type of
service is known as ________E-Commerce Business Model.
A. Licensing
B. Transaction
C. Affiliate
D. Subscription

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Answer: Subscription
11. This E-Commerce business model mainly focuses on selling products or services online.
A. Indirect Marketing
B. Marketplace
C. Online Direct Marketing
D. Brick & Mortar
Answer: Online Direct Marketing
12. _______ is related to software frameworks for e-commerce applications.
A. WordPress Framework
B. E-commerce Framework
C. Business Framework
D. .NET Framework
Answer: E-commerce Framework
13. _________is a retail fulfillment method where a store doesn’t keep the products it sells in
stock.
A. Aggregator Model
B. Dropshipping
C. Affiliate
D. Advertising Model
Answer: Dropshipping
14. _______type of E-Commerce has trade and transaction dealings between business
establishments.
A. Business To Customer
B. Peer To Peer
C. Business To Business
D. Customer To Customer
Answer: Business To Business
15. In ___________E-Commerce Model, Marketer or Companies charge others for allowing
them to place a banner on their websites, blogs or platforms.
A. Affiliate
B. Advertising
C. Transaction
D. Aggregator
Answer: Advertising
16. _______ FDI permitted B2B E-commerce and in marketplace model of e-commerce.
A. 100%
B. 50%
C. 65%
D. 30%
Answer: 100%
17. E-Commerce stands for _______.
A. Electrical Commerce
B. Electronic Commerce
C. Entertainment Commerce
D. Electro Chemical Commerce
Answer: Electronic
18. _______describes e-commerce.
A. Doing business offline
B. Doing business electronically
C. Surfing online
D. Both A & B
Answer: Doing business electronically
19. ________ is NOT a function of E commerce.
A. Warehouse
B. Finance
C. Marketing
D. None of the above
Answer: None of the above
20. _______ is a function of E commerce.
A. Marketing
B. Supply Chain
C. Finance

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D. All of the above

Answer: All of the above
21. ________mainly deals in buying and selling, especially on a large scale.
A. Shopping
B. Retailing
C. Distribution
D. Commerce
Answer: Commerce
22. E-commerce has _____ scope than E-Business or Digital Business.
A. Higher
B. Wider
C. Narrower
D. More
Answer: Narrower
23. _______is a system of interconnected electronic components or circuits.
A. Marketplaces
B. Metamarkets
C. Electronic Markets
D. Electronic Network
Answer: Electronic Network
24. All electronically mediated information exchanges are known as _____
A. E-Business
B. E-Commerce
C. Digital Business
D. None of the above
Answer: E-Commerce
25. _________are markets connected through modern communications networks and powered
by high-speed computers.
A. Marketplaces
B. Metamarkets
C. Electronic Markets
D. Electronic Network
Answer: Electronic Markets
26. ________ is NOT an example of E-Commerce Platform.
A. Amazon Pantry
B. Reliance SMART
C. Flipkart Plus
D. DMart Ready
Answer: Reliance SMART
27. ___________ refers to e-commerce transactions delivered via social media.
A. Social Network
B. Social Commerce
C. Social Business
D. B&C
Answer: B&C
28. ESN stands for ________.
A. Enterprise Special Networks
B. Enterprise Social Networks
C. Entrepreneur Social Networks
D. Essential Social Networks
Answer: Enterprise Social Networks

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Economic Analysis for Business Decisions MCQ With Answers

1. Economics is a study of mankind in the ordinary business of life. This definition is given by
______.
A. Lionel Robbins
B. Alfred Marshall
C. Adam smith
D. Samuelson
Answer: Alfred Marshall
2. Normative economics is also known as _______
A. Decisional Economics
B. Positive Economics
C. Applied Economics
D. Prescriptive economics
Answer: Prescriptive economics
3. Increase in national income indicates _______ of an economy.
A. Loss
B. Stagnancy
C. Growth
D. Liability
Answer: Growth
4. Accounting profit can be calculated using ________ & explicit costs.
A. Total Revenue
B. Actual Costs
C. Implicit Costs
D. Exclusive Costs
Answer: Implicit Costs
5. The word ‘economics’ comes from two ________words, ‘eco’ & ‘nomos’.
A. Latin
B. English
C. Greek
D. French
Answer: Greek
6. Money Flow is also known as_______
A. Margin Flow
B. Profit Flow
C. Cash Flow
D. Income Flow
Answer: Income Flow
7. ________ is considered the father of modern economics.
A. Adam Smith
B. J M Keynes
C. Karl Marx
D. Warren Buffet
Answer: Adam Smith
8. ________ is known as the father of modern economics in India.
A. Amartya Sen
B. M. G. Ranade
C. Manmohan Singh
D. Raghuram Rajan
Answer: M. G. Ranade
9. Product flow is also known as_______
A. Real Flow
B. Output Flow
C. Profit Flow
D. Both A & B
Answer: Both A & B
10. _______is a situation where a few large firms compete against each other and there is an
element of interdependence in the decision-making of these firms.
A. Monopoly
B. Perfect Competition
C. Oligopoly
D. Duopoly

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Answer: Oligopoly
11. ________is a market situation in which there is only one seller of a product with barriers to
entry of others.
A. Monopoly
B. Oligopoly
C. Duopoly
D. Perfect Competition
Answer: Monopoly
12. The term _______refers to a particular place where goods are purchased and sold.
A. Warehouse
B. Market
C. Infrastructure
D. Exchange
Answer: Market
13. A large number of buyers and sellers in a homogeneous market, free entry, and exit are the
characteristics of ________
A. Duopoly
B. Oligopoly
C. Monopoly
D. Perfect Competition
Answer: Perfect Competition
14. Demand for a commodity refers to______
A. Need for the commodity
B. Quantity of the commodity demanded at a certain price during any particular period of time
C. Desire for the commodity
D. Quantity demanded of that commodity
Answer: Quantity of the commodity demanded at a certain price during any particular period of
time
15. Demand for a commodity depends on________
A. Income
B. Price of related goods
C. Price of that commodity
D. All of the above
Answer: All of the above
16._______ the outflows in economic activities.
A. Savings
B. Investments
C. Government spending
D. Personal spending
Answer: Savings
17. Market demand is aggregation of individual demand_______
A. Horizontally
B. Vertically
C. Diagonaly
D. Both A & B
Answer: Horizontally
18. Accounting profit is equal to ________ Cost – Explicit Costs
A. Total
B. Implicit
C. Intrinsic
D. Total Revenue
Answer: Total Revenue
19. A firm and industry are one and the same under_____
A. Monopoly
B. Duopoly
C. Oligopoly
D. Perfect Competition
Answer: Monopoly
20. In case of perfect competition, elasticity will be _____
A. Infinite
B. 0
C. 2

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D. 3
Answer: Infinite
21. ______ is not an economic cost.
A. Rents
B. Payments
C. Wages
D. Economic profits
Answer: Economic profits
22. Implicit Cost added in ____ cost.
A. Economic
B. Accounting
C. Simple
D. None of the above
Answer: Accounting
23. Full form of PV in Unit number one is _____
A. Past Value
B. Present Value
C. Perfect Value
D. Program Value
Answer: Present Value
24. How many branches of economics are there?
A. 5
B. 2
C. 4
D. 3
Answer: 2
25. ______ is the central problem in economics.
A. Scarcity
B. Production
C. Revenue
D. Capital
Answer: Scarcity
26. Indian economy is a _______ type of economy.
A. Socialist
B. Socialist
C. Mixed
D. Idealistic
Answer: Mixed
27. Business economics is also known_______
A. Decisional Economics
B. Analytical Economics
C. Managerial Economics
D. Decision Science
Answer: Managerial Economics
28. Economics is______
A. A positive science which deals with economics only
B. A negative science which deals with economical analysis only
C. Neither positive nor negative science but a normative science
D. An art or science depend upon uses – who uses, how uses and for what purpose
Answer: An art or science depend upon uses – who uses, how uses and for what purpose
29. _________is the father of Economics.
A. Peter Drucker
B. Philip Kotler
C. Adam Smith
D. Michael Porter
Answer: Adam Smith
30. Economics is a______
A. Positive Science
B. Relative Science
C. Normative Science
D. Both A & C
Answer: Both A & C

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31. The relationship between price and demand is______

A. Normative
B. Positive
C. Negative
D. Horizontal
Answer: Negative
32. Law of demand shows ___________ between price and demand (Quantity Demanded).
A. Positive Relationship
B. Direct Relationship
C. Normative Relationship
D. Negative Relationship
Answer: Negative Relationship
33. The formula (Potential price – Actual price) shows ______
A. Consumer Deficit
B. Consumer Surplus
C. Demand Supply Gap
D. Profit Gap
Answer: Consumer Surplus
34. Economics is a ________ which deals with human wants and their satisfaction.
A. Natural Science
B. Social Science
C. Physical Science
D. Political Science
Answer: Social Science
35. ________is the branch of economics wherein mathematics and statistics are used to measure
and analyse economic activities.
A. Econometrics
B. Econography
C. Statistical Economics
D. Ecotronics
Answer: Econometrics
36. ______is the opportunity cost of a machine that can produce only one product.
A. Low
B. Average
C. High
D. Zero
Answer: Low

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World Trade Organisation (WTO) MCQ With Answers

1. WTO is a ________.
A. Permanent Institution
B. Multilateral Agreement
C. Multilateral Instrument
D. Provisional Institution
Answer: Permanent Institution
2. _________is the current Director-General of WTO.
A. Roberto Azevêdo
B. Supachai Panitchpakdi
C. Peter Sutherland
D. Ngozi Okonjo-Iweala
Answer: Ngozi Okonjo-Iweala
3. _________is the highest hierarchical level in the organizational structure of WTO.
A. General Council
B. Ministerial Conference
C. Director-General
D. Secretariat at WTO
Answer: Ministerial Conference
4. The ________Gathers and publishes data on the international economy.
A. GATT
B. OECD
C. SAARC
D. WHO
Answer: OECD
5. ________raised US tariffs on hundreds of products at the start of the 1930s.
A. Non Tariff Barrier Act
B. The Special Tariff Act
C. The Smoot-Hawley Tariff Act
D. The Hewlett-Packard Tariff Act
Answer: The Smoot-Hawley Tariff Act
6. The Tariff Act of 1930 is also known as________.
A. Non Tariff Barrier Act
B. The Special Tariff Act
C. The Smoot-Hawley Tariff Act
D. The Hewlett-Packard Tariff Act
Answer: The Smoot-Hawley Tariff Act
7. The Uruguay round addresses ________ issues.
A. Migration
B. Tariffs
C. Intellectual Property
D. All of the above
Answer: All of the above
8. TRIP stands for ______.
A. Tourism-Related Intellectual Property
B. Trade-Related International Property
C. Tariff-related Intellectual Property
D. Trade-Related Intellectual Property
Answer: Trade-Related Intellectual Property
9. ______ primarily deals with the economic issues like Tariffs and other trade barriers in many
countries.
A. ILO
B. WTO
C. World Bank
D. EU
Answer: WTO
10. _____ is a meeting of the “trade ministers” of the member countries of the World Trade
Organization ( WTO).
A. Ministerial
B. Conference

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C. General Council
D. IP Council
Answer: Ministerial
11. WTO stands for_________
A. World Tariff Organization
B. World Tax Organization
C. World Trade Organization
D. World Trademark Organization
Answer: World Trade Organization
12. _____is the precursor of WTO.
A. NAFTA
B. GATT
C. SAARC
D. EU
Answer: GATT
13. World Trade Organisation came into force on _______
A. 27th July 2007
B. 1st January 1995
C. 15th September 1993
D. 1st January 1947
Answer: 1st January 1995
14. _______countries were members of WTO as of 1st January 1995.
A. 151
B. 164
C. 104
D. 139
Answer: 104
15. The WTO has ________ members.
A. 104
B. 151
C. 164
D. 139
Answer: 164
16. WTO has _______ observer governments.
A. 25
B. 11
C. 32
D. 09
Answer: 25
17. __________ became the 164th member of World Trade Organization (WTO).
A. Kenya
B. Liberia
C. Pakistan
D. Afghanistan
Answer: Afghanistan
18. ________is the headquarter of the WTO.
A. Uruguay
B. Geneva
C. New York
D. Tokyo
Answer: World Trade Organization
19. The second ministerial meeting of WTO was held at________.
A. Uruguay
B. Geneva
C. Tokyo
D. New Delhi
Answer: Geneva
20. The World Trade Organization (WTO) was established to implement the final act of
__________round agreement of GATT.
A. Torquay
B. Uruguay
C. Geneva

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D. Tokyo
Answer: Uruguay
MS Excel MCQ Questions and Answers
1. In MS Excel spreadsheet, Data can be sorted using ________.
A. Filter function
B. ARRAY function
C. Lookup function
D. Operator function
Answer: Filter
2. The __ feature of ms excel quickly completes a series of data.
A. Auto Filter
B. Auto Complete
C. Auto Fill
D. Auto Sum
Answer: Auto Fill
3. Which one is not a function in ms excel?
A. PROPER
B. AVERAGE
C. COUNT
D. CLEAR
Answer: CLEAR
4. In MS Excel _________ feature makes it easier to add repetitive data to a worksheet
A. Autosum
B. Sort
C. Filter
D. Autocomplete
Answer: Autocomplete
5. In MS Excel, Page border option is available under _______ tab.
A. Insert
B. Page Layout
C. View
D. None of the above
Answer: None of the above
6. In MS Excel, Ctrl+S can be used to_______
A. Save
B. Save As
C. Switch between opened tab
D. Start New Workbook
Answer: Save
7. In MS Excel, keyboard shortcut keys to create a new workbook is _____
A. Tab+N
B. Fn+N
C. Alt+N
D. Ctrl+N
Answer: Ctrl+N
8. In MS Excel, the keyboard shortcut key to Open the Save As dialog box is ________
A. Ctrl+S
B. F2
C. Ctrl+N
D. F12
Answer: F12
9. In MS Excel, Workbook can be closed using keyboard shortcut ______
A. Ctrl+C
B. Ctrl+W
C. Esc
D. Ctrl+E
Answer: Ctrl+W
10. _____ can be used as a keyboard shortcut key to check spelling in MS Excel.
A. F1
B. F7
C. F2
D. F12

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Answer: F7
11. Which key is used for help in MS excel?
A. Windows + H
B. F1
C. F10
D. F2
Answer: F1
12. Open workbooks can easily be switched using _____
A. Ctrl+S
B. Alt+S
C. Ctrl+Alt
D. Ctrl+Tab
Answer: Ctrl+Tab
13. MS Excel stands for ___________
A. Micromax Excel
B. Management Excel
C. Microsoft Excel
D. Microsoft Excess
Answer: Microsoft Excel
14. MS Excel is a ________.
A. Database Management software
B. Presentation software
C. Workbook software
D. Spreadsheet software
Answer: Spreadsheet
15. ________is the best alternative to MS Excel offered by Google Inc.
A. Google Slides
B. Google Sheets
C. Google Files
D. Google Keep
Answer: Google Sheets
16. Free online version of MS excel is known as ________
A. Office for the web
B. Excel Mobile
C. Word Mobile
D. Excel for the web
Answer: Excel for the web
17. Microsoft Excel 2019 has column limit of __________
A. 13684
B. 16384
C. 18634
D. 84163
Answer: 16384
18. MS Excel 2019 has row limit of __________
A. 1,048,576
B. 4,81,0576
C. 16384
D. 1,57,648
Answer: 1,048,576
19. MS Excel 2019 has maximum column width limit is of __________characters
A. 256
B. 512
C. 255
D. 128
Answer: 255
20. Microsoft Excel was first time launched in ______ by the Microsoft Corporation
A. 1985
B. 1991
C. 1995
D. 1998
Answer: 1985
21. Formulas in Excel start with ________

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A. /
B. f
C. –
D. =
Answer: =
22. __________ is a free lightweight version of MS Excel available as part of Office on the web.
A. Excel for the web
B. Excel Mobile
C. Office Mobile
D. MS Access for Web
Answer: Excel for the web
23. MS Excel file can NOT be directly exported as ______
A. PDF
B. TXT
C. PPT
D. CSV
Answer: PPT
24. A file that contains one or more worksheets to organize data is known as _______
A. Workbook
B. Excelbook
C. Datasheet
D. Spreadsheet
Answer: Workbook
25. How cells are named in ms excel?
A. using rename option
B. using name box
C. simply double click on sheet name
D. simply double click on cell and name it
Answer: using name box
26. The intersection of a column and a row in MS Excel worksheet is known as _______
A. Row
B. Cell
C. Column
D. Tab
Answer: Cell
27. In Microsoft Excel spreadsheets, rows are labelled as _______
A. 1,2,3,…..
B. A,B,C,….
C. A1,B1,C1….
D. I,II,III,…..
Answer: 1,2,3,…..
28. In Microsoft Excel spreadsheets, COLUMNS are labelled as _______
A. 1,2,3,…..
B. A,B,C,….
C. A1,B1,C1….
D. I,II,III,…..
Answer: A,B,C,….
29. In Microsoft Excel spreadsheets, CELLS are labelled as _______
A. 1,2,3,…..
B. A,B,C,….
C. A1,B1,C1….
D. I,II,III,…..
Answer: A1,B1,C1….
30. ___________ is a collection of cells organized in rows and columns where you keep and
manipulate the data.
A. Workbook
B. Worksheet
C. Spreadsheet
D. ARRAY
Answer: Worksheet
31. Select correct statement
A. Each Excel workbook can contain multiple worksheets.

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B. Each Excel worksheet can contain multiple workbooks.

C. Each Excel workbook can contain multiple spreadsheets.
D. Each Excel worksheet can contain multiple spreadsheets.
Answer: Each Excel workbook can contain multiple worksheets.
32. In Microsoft Excel cells, function must start with ________
A. $
B. =
C. ” “
D. F
Answer: =
33. Microsoft Excel uses the _________ function to calculate the results in the data table
A. ‘RESULT’
B. ‘CALTAB’
C. ‘TABLE’
D. ‘AUTOSUM’
Answer: ‘TABLE’
34. _________function in MS Excel worksheet represents the total number(s) of entries in the
cell(s).
A. SUM
B. AVG
C. COUNT
D. TOTAL
Answer: COUNT
35. __________is NOT a Function in Microsoft Excel spreadsheets.
A. HYPERLINK
B. COUNTIF
C. MIN
D. AVG
Answer: AVG

International trade finance comprises financial instruments and products that facilitate
international trade. Following are some of the international trade and finance multiple choice
questions and answers that will help the students in brushing up their understanding of the
concept of international trade and finance.
Q1. Trade between two countries can be useful if cost ratios of goods are:
A. Undetermined
B. Decreasing
C. Equal
D. Different
Answer: D
Q2. The term Euro Currency market refers to
A. The international foreign exchange market
B. The market where the borrowing and lending of currencies take place outside the country of
issue
C. The countries which have adopted Euro as their currency
D. The market in which Euro is exchanged for other currencies
Answer: B
Q3. Which of the following theories suggests that firms seek to penetrate new markets over
time?
A. Imperfect Market Theory
B. Product cycle theory
C. Theory of Comparative Advantage
D. None of the above
Answer: D
Q4.Dumping refers to:
A. Reducing tariffs
B. Sale of goods abroad at a lower price, below their cost and price in their home market
C. Buying goods at low prices abroad and selling at higher prices locally
D. Expensive goods selling for low prices
Answer: B
Q5. International trade and domestic trade differ because of:
A. Different government policies

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B. Immobility of factors
C. Trade restrictions
D. All of the above
Answer: D
Q6. The margin for a currency future should be maintained with the clearing house by
A. The seller
B. The buyer
C. Either the buyer or the seller as per the agreement between them
D. Both the buyer and the seller
Answer: D
Q7.The following statement with respect to currency option is wrong
A. Foreign currency- Rupee option is available in India
B. An American option can be executed on any day during its currency
C. Put option gives the buyer the right to sell the foreign currency
D. Call option will be used by exporters
Answer: D
Q8. Govt. policy about exports and imports is called:
A. Commercial policy
B. Fiscal policy
C. Monetary policy
D. Finance policy
Answer: A
Q9.Which of the following is international trade?
A. Trade between countries
B. Trade between regions
C. Trade between provinces
D. Both (b) and (c)
Answer: A
Q10. Market in which currencies buy and sell and their prices settle on is called the
A. International bond market
B. International capital market
C. Foreign exchange market
D. Eurocurrency market
Answer: C

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