Avatto > UGC NET COMMERCE > PRACTICE QUESTIONS > International Business > International Business Section 3

International Business MCQ - International Business Section 3

36 Any move towards free trade makes different nations 'price ratios'

37 Optimal tariff rate equals

38 GATT allows importing countries to retaliate against export subsidies through

39 Which of the following has been incorrectly matched?

A
A free trade area. Members remove trade barriers among themselves but keep their separate national barriers against trade with the outside world.
B
A customs union. Members remove all barriers to trade between them and adopt a common set of external barriers
thereby eliminating the need for customs inspection at internal borders
C
A common market. Members allow full freedom of factor flows (migration of capital and labor) among themselves
in addition to having a free trade area
D
None of the above.

40 The post-war GATT exempted from restriction dumping, export subsidies, import quotas, discrimination and international cartels in case of

Your Progress

0%

Start Practising!

You've answered 0 of 70 questions in this topic.

View Detailed Progress

Practice Spotlight

Build momentum in International Business Section 3

Start with a short question set, review every explanation, and revisit difficult questions before moving ahead.

Day 9 / 10

Global Spotlight

Add Timed Practice

You have answered 0 questions with 0% accuracy.

Day 2 / 10

Question Spotlight

Question:

The Bretton Woods system, in which the nation can defend a fixed rate by adjusting the whole national economy to fit the exchange rate, or it can devalue…

A. Permanently fixed-rate system
B. Exchange rate compromises system
C. Deficits without tears
D. Adjustable-peg system

Correct answer: D

Click to view the complete question details

Day 9 / 10 Open this question

Community Insight

Based on 106 saved attempts

Most Attempted TopicInternational Business Section 1
Most Challenging TopicInternational Business Section 1
Average Accuracy97%

Featured Question

(Based on recent community answers)

Q. #13963New

The Bretton Woods system, in which the nation can defend a fixed rate by adjusting…

Try This Question →

This Week's Challenge

Complete 20 questions and set the community benchmark!

0 / 20 Start Challenge →

Why Practice with Avatto?

High Quality MCQsExam-focused questions with accurate answers

Detailed ExplanationsStep-by-step explanations to enhance learning

Latest Exam PatternBased on updated syllabus and pattern

Performance AnalyticsTrack performance and improve weak areas

100% Free PracticePractice unlimited questions for free

Forgot your password?

I agree with the Terms.