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International Trade MCQ With Answers

Given below are International Trade MCQ with answers. These multiple choice questions will definitely help MBA, PGDM, BBA, B Com, MMS, M Com, and Ph D students. They can use it for university as well as entrance exam preparations. This includes but not limited to UPSC, MPSC, UGC NET and SET exams.

These MCQ sets also covers topics like foreign trade, international trade finance, global trade and international trade theories.

Part 1: MCQ on Introduction to International Trade

_____ provided a series of ’rounds’ of negotiations by which tariffs were reduced.

A. IMF

B. NAFTA

C. IBRD

D. GATT

View Answer

D. GATT

______ happens when Imports are more than exports.

A. Trade barrier

B. Trade deficit

C. Trade surplus

D. Trade contract

View Answer

B. Trade deficit

______ happens when Exports are more than imports.

A. Trade barrier

B. Trade deficit

C. Trade surplus

D. Trade contract

View Answer

C. Trade surplus

BOP stands for ________.

A. Bank of Payments

B. Barrier of Payments

C. Bill of Payments

D. Balance of Payments

View Answer

D. Balance of Payments

The ________ is composed of capital account and current account.

A. Bill of credit

B. Barrier of Payments

C. Bill of Payments

D. Balance of Payments

View Answer

D. Balance of Payments

The full form of UNCTAD is ______

A. United Nations Conference on Tariff and Duties

B. United Nations Committee on Trade and Development

C. United Nations Conference on Trade and Development

D. United Nations Council on Tariff and Development

View Answer

C. United Nations Conference on Trade and Development

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