MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 1234 Mcqs, each offering curated multiple-choice questions to sharpen your Teaching knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Arrange the following organisations in the increasing order of their establishment year. I. International Finance Corporation II. International Monetary Fund III. International Development Association IV. Asian Development Bank Codes |
| A. | II, I, IV, III |
| B. | I, II, III, IV |
| C. | III, IV, II, I |
| D. | II, IV, III, I |
| Answer» B. I, II, III, IV | |
| 2. |
Match the following List I (Organisations) List II (Years of Establishment) A. International Finance Corporation 1. 1966 B. Asian Development Bank 2. 1945 C. International Monetary Fund 3. 1944 D. World Bank 4. 1956 Codes |
| A. | A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 |
| B. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| C. | A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 |
| Answer» E. | |
| 3. |
The WTO covers |
| A. | Intellectual property |
| B. | services |
| C. | Good |
| D. | Both and |
| Answer» E. | |
| 4. |
Match the following List I (Concepts) List II (Advantages) A. International Monetary Fund 1. Risk factor is always extremely high B. International Finance Corporation 2. It has failed to achieve of eliminating foreign exchange restrictions C. Foreign Direct Investment 3. It may transfer technology, which has become outdated in other country D. MNCs for the host country 4. It charges very high interest rates Codes |
| A. | A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 |
| B. | A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 |
| C. | A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 |
| D. | A\[\to \]4, B\[\to \]1, C\[\to \]3, D\[\to \]2 |
| Answer» C. A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 | |
| 5. |
........is a negotiating, committing and controlling organisation. |
| A. | GATT |
| B. | IDA |
| C. | UNCTAD |
| D. | ADB |
| Answer» B. IDA | |
| 6. |
.........is an exclusive right to control the publication, distribution and adaptation of creative works. |
| A. | Patents |
| B. | Copyrights |
| C. | Trade secrets |
| D. | Trademarks |
| Answer» C. Trade secrets | |
| 7. |
The World Bank and the IDA are......... International Financial Institutions. |
| A. | Private |
| B. | complementary |
| C. | Different |
| D. | same |
| Answer» C. Different | |
| 8. |
The headquarters of IMF is located at |
| A. | Japan |
| B. | Washington DC |
| C. | Rangoon |
| D. | Sri Lanka |
| Answer» C. Rangoon | |
| 9. |
Countries joining World Bank after 31st December, 1945 come under category of |
| A. | Founder member |
| B. | general member |
| C. | Temporary member |
| D. | permanent member |
| Answer» C. Temporary member | |
| 10. |
One Governor and one substitute Governor of World Bank is appointed for |
| A. | 2 years |
| B. | 5 years |
| C. | 7 years |
| D. | none of the above |
| Answer» C. 7 years | |
| 11. |
Any member can be debarred from membership of World Bank if |
| A. | it gives written notice to the bank |
| B. | it work against the guidelines of bank |
| C. | if it quits membership of IMF |
| D. | All of the above |
| Answer» E. | |
| 12. |
A country leaving the membership of IMF can continue its membership with World Bank, if......... members of bank give their votes in its favour. |
| A. | 65% |
| B. | 75% |
| C. | 67% |
| D. | 79% |
| Answer» C. 67% | |
| 13. |
The IMF commenced operation in Washington on |
| A. | 1st March, 1947 |
| B. | 1st March, 1948 |
| C. | 15th March, 1960 |
| D. | 15th March, 1980 |
| Answer» B. 1st March, 1948 | |
| 14. |
Wholesalers facilitate continuity of production by |
| A. | Purchasing the goods produced |
| B. | selling the goods |
| C. | storing the goods |
| D. | None of the above |
| Answer» B. selling the goods | |
| 15. |
Each country in IMF nominates a (an)......... Governor who casts vote in the absence of the Governor. |
| A. | Additional |
| B. | Casual |
| C. | Alternate |
| D. | None of the above |
| Answer» D. None of the above | |
| 16. |
IMF started its operation on |
| A. | 1946 |
| B. | 1947 |
| C. | 1950 |
| D. | None of these |
| Answer» C. 1950 | |
| 17. |
Who is the highest officers of IMF? |
| A. | Board of Governors |
| B. | Alternate Governor |
| C. | Executive Director |
| D. | None of the above |
| Answer» B. Alternate Governor | |
| 18. |
Which country can take the membership of IMF? |
| A. | A developed country |
| B. | A developing country |
| C. | Under developed countries |
| D. | Any country who follow the rule of IMF |
| Answer» E. | |
| 19. |
Which of the following is/are not the objective of IMF? |
| A. | Removal of disparities in international payment |
| B. | Imposition of trade tariff |
| C. | Imposition of exchange control |
| D. | Both and |
| Answer» E. | |
| 20. |
Which conference gave birth to the IMF? |
| A. | Bretton Woods Conference |
| B. | Agency of United Nations |
| C. | Uruguay Round Conference |
| D. | None of the above |
| Answer» B. Agency of United Nations | |
| 21. |
Wholesalers bear lots of risks such as |
| A. | risk of fall in prices |
| B. | theft |
| C. | spoilage |
| D. | All of the above |
| Answer» E. | |
| 22. |
Match the following List I List I A. Dock warrant 1. Permit issued by custom authorities to export goods B. Custom permit 2. Items which require licence for imports and exports C. Prohibited goods 3. Permission of the dock office to bring the goods on: the dock D. Restricted goods 4. Items in the negative list of import and export Codes |
| A. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| B. | A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 |
| C. | A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 |
| Answer» C. A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 | |
| 23. |
Match the following List I List II A. Foreign trade 1. A document by which a charterer enters into a contract B. Home trade 2. A document of title to the goods C. Bill of lading 3. Bankers may or may not be the intermediaries D. Charter party 4. Division of labour and specialisation Codes |
| A. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| B. | A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 |
| C. | A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2 |
| Answer» B. A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 | |
| 24. |
Arrange the following steps of export procedure in chronological order. I. Customs obligation discharge II. Receipt of bank certificate III. Bills negotiation IV. Bank to bank documents forwarding Codes |
| A. | III, I, IV, II |
| B. | IV, II, I, III |
| C. | III, IV, I, II |
| D. | II, I, IV, III |
| Answer» D. II, I, IV, III | |
| 25. |
Arrange the following steps of import procedure in chronological order. I. Payment to exporter II. Follow-up III. Payment to C and F agent IV. Clearing of goods order Codes |
| A. | IV, III, I, II |
| B. | III. II, IV, I |
| C. | II, III, IV, I |
| D. | IV, I, II, III |
| Answer» B. III. II, IV, I | |
| 26. |
Arrange the following steps of export procedure in chronological order. I. Customs clearance. II. Bank to bank forwarding. III. Bills negotiation. IV. Documents forwarding. Codes |
| A. | III, IV, I, II |
| B. | I, IV, III, II |
| C. | II, III, IV, I |
| D. | III, I, IV, II |
| Answer» C. II, III, IV, I | |
| 27. |
Arrange the following steps of export procedure in chronological order. I. Order acceptance. II. Order placement. III. Goods removal from works. IV. Goods readiness and documentation. Codes |
| A. | IV, III, II, I |
| B. | II, I, IV, III |
| C. | III, I, IV, II |
| D. | III, IV, I, II |
| Answer» C. III, I, IV, II | |
| 28. |
_____ is the permission of the dock office to bring the goods on the doc |
| A. | Dock warrant |
| B. | Dock challan |
| C. | Custom permit |
| D. | None of these |
| Answer» B. Dock challan | |
| 29. |
_____ is a document of title to the goods. |
| A. | Charter party |
| B. | Bill of lading |
| C. | Bill of sight |
| D. | All of the above |
| Answer» C. Bill of sight | |
| 30. |
A letter of credit means |
| A. | a bank agreeing to accept and pay on due date |
| B. | a letter containing conditions of credit purchase or sale |
| C. | a letter sent by exporter to importer sanctioning credit deal |
| D. | None of the above |
| Answer» B. a letter containing conditions of credit purchase or sale | |
| 31. |
Match the following List I List II A. Foreign trade 1. It is in undertaking by its issue that the bills of exchange drawn by the foreign dealer on the importer will be honoured on presentation upon a specified amount. B. Bill of lading 2. It is a document of title to the goods. C. Quotation 3. Trade between two or more nations. D. Letter of credit 4. It is reply by the seller to the prospective buyer. Codes |
| A. | A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 |
| B. | A\[\to \]3, B\[\to \]2, C\[\to \]4, D\[\to \]1 |
| C. | A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 |
| D. | A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 |
| Answer» C. A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 | |
| 32. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I IDAs Articles of Agreement became effective in 1970. Statement II Both IBRD and IDA run on the same line. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» E. | |
| 33. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I 165 countries are IDA members. Statement II A country must be a member of IBRD before it joins IDA. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» E. | |
| 34. |
Documents that are used in internal trade are? |
| A. | Preforms invoice |
| B. | Commercial invoice |
| C. | Lorry receipt |
| D. | All of the above |
| Answer» E. | |
| 35. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I IFC is a member of World Bank. Statement II IFC is headquartered in Washington DC. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 36. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I WTO was established on 31st March, 1995. Statement II WTO ensure the optimum use of world resources. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» E. | |
| 37. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I A bill of lading is a document of title to the goods. Statement II A bill of lading contains all the terms and conditions agreed upon between the ship owner and the charterer. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» D. Statement I is incorrect, but Statement II is correct | |
| 38. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Foreign trade increase the scope of market. Statement II Foreign trade helps the people to get different varieties of goods. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» B. Both Statements .are incorrect | |
| 39. |
In external trade, how many countries are involved? |
| A. | 1 |
| B. | 2 |
| C. | 2 or more than 2 |
| D. | None of the above |
| Answer» D. None of the above | |
| 40. |
Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Uneven distribution of natural resources leads to the necessity of foreign trade. Statement II Foreign trade causes trade fluctuations. Codes |
| A. | Both Statements are correct |
| B. | Both Statements .are incorrect |
| C. | Statement I is correct, but Statement II is incorrect |
| D. | Statement I is incorrect, but Statement II is correct |
| Answer» D. Statement I is incorrect, but Statement II is correct | |
| 41. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) The fund is regarded as the guardian of good conduct in sphere of BOP. Reason (R) Fund aims at reducing tariffs and other trade transaction by member countries. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 42. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Flexible exchange rate involves deflationary effect. Reason (R) Flexible exchange rate promotes international trade. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |
| 43. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Fixed exchange rate is convenient. Reason (R) Traders and bankers do not favour fixed exchange rate. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» D. A is false, but R is true | |
| 44. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Joint ventures minimise the business risk. Reason (R) The management skills and experience of local partner facilitates easy adaption to changes. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 45. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Loco price is the lowest price quotation. Reason (R) Loco price refers to the cost of all the manufactured goods. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» D. A is false, but R is true | |
| 46. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) There in no risk in transit in case of foreign trade. Reason (R) Goods have to be transported over long distances in case of foreign trade. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |
| 47. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Foreign trade is not related to theory of comparative cost. Reason (R) Foreign trade decreases the scope of market. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» C. A is true, but R is false | |
| 48. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Foreign trade may lead to import of harmful goods. Reason (R) Import of goods like cigarettes etc. may ruin the health of the residents of the country. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» B. Both A and R are true, but R is not the correct explanation of A | |
| 49. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Flexible exchange rate is a shock absorber. Reason (R) Flexible exchange rate does not save the internal economy from the disturbing affects from abroad. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» D. A is false, but R is true | |
| 50. |
Direction: In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) A fixed exchange rate protects only the payer. Reason (R) Due to fixed exchange rate, a payer is not exposed to an additional risk. Codes |
| A. | Both A and R are true, and R is the correct explanation of A |
| B. | Both A and R are true, but R is not the correct explanation of A |
| C. | A is true, but R is false |
| D. | A is false, but R is true |
| Answer» E. | |