International Trade MCQ With Answers

MCQs On Foreign Trade

An import tariff is a tax or duty levied on ___________ commodities.

A. Imported

B. Exported

C. Transported

D. Both A & B

An _____________ is a tax or duty levied on exported commodities.

A. Import Tariff

B. Export Tariff

C. Transport Tariff

D. Free Trade Tariff (FTT)

__________refers to purchase of goods from a foreign country.

A. Foreign Trade

B. Export Trade

C. Import Trade

D. EXIM Trade

_______is a fixed percentage on the value of the traded commodity.

A. Anti dumping duty

B. Specific tariff

C. Ad Valorem tariff

D. A compound tariff

In most countries, foreign trade represents a significant share of ______

A. EXIM

B. FDI

C. Income Per Capita

D. GDP

Cash grants, loans at low rate and tax holidays are examples of ______.

A. Quotas

B. Tarifs

C. Subsidies

D. Discounts

_________refers to the sale of goods to a foreign country.

A. Foreign Trade

B. Export Trade

C. Import Trade

D. EXIM Trade

________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

Foreign trade is an exchange of capital, goods, and services across _________ borders or territories

A. Intranational

B. National

C. International

D. Both A & C

_______ refers to goods imported from one country and are exported to another country.

A. Third Party Trade

B. Entrepot trade

C. Export Trade

D. EXIM Trade