As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn’t consider
A. Direct payments to farmers are permitted.
B. Indirect assistance and support to farmers including R & D support by govt. are not
permitted.
C. Domestic policies which directly effect on production and trade have to be cut back.
D. Least developed countries do not need to make any cuts.

1 Answer

Answer :

Indirect assistance and support to farmers including R & D support by govt. are not
permitted.

Related questions

Description : International trade and domestic trade differ because of A. Trade restrictions B. Immobility of factors C. Different government policies D. All of the above

Last Answer : All of the above

Description : The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.

Last Answer : Terms of trade

Description : As per the WTO Uruguay Round Agreement the domestic support creating tr ade distorting effect on agricultural commodities are included in...... (A) Green Box(B) Amber Box (C) Pink Box (D) Blue Box (E) None of these

Last Answer : (D) Blue Box

Description : Social class who rely on relatives for assistance in trouble times and economic support considered asA. upper middles B. working class C. middle class D. upper uppers

Last Answer : working class

Description : Social class who rely on relatives for assistance in trouble times and economic support considered asA. upper middles B. working class C. middle class D. upper uppers

Last Answer : working class

Description : The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows

Last Answer : Balance of trade plus net invisible exports

Description : Ultimately ______ was replaced by the ______ on 1st Jan 1995. a. GATS, WTO b. WTO, GATT c. GATT, WTOd. IMF, GATT

Last Answer : GATT, WTO

Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.

Last Answer : Trade barriers and controls on inflows of foreign direct investment.

Description : Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)

Last Answer : Both (a) and (b)

Description : Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above

Last Answer : (a) and (b) above

Description : Trade between two countries can be useful if cost ratio of goods are A. Equal B. Different C. Undetermined D. Zero

Last Answer : Different

Description : If Japan and Pakistan start free trade, cost of wages in two countries will A. Increase B. Decrease C. No effectD. Double

Last Answer : Decrease

Description : The main objective of International Monetary Fund (IMF) was to A. Promote International trade B. Help economically backward countries C. Maintain stable exchange rates D. Promote international liquidity

Last Answer : Help economically backward countries

Description : Quantitative restrictions refer to limit set by countries to curb A. Measures that affect trade in goods. B. Measures that lead to restrictions in quantities. C. Discouraging measures that limit a company’s imports. D. Discouraging measures that limit a company’s exports.

Last Answer : Discouraging measures that limit a company’s exports.

Description : Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always ... allow new goods and. services to be developed. D. New technology lowers the production learning curve.

Last Answer : New technology always leads to benefits for firms.

Description : A tariff: A. Increases the volume of trade B. Decreases the volume of trade C. Has no effect on the volume of trade D. Both (b) and (c)

Last Answer : Decreases the volume of trade

Description : Interest payments on loans borrowed abroad are recorded in A. Capital Account B. Current Accounts C. errors and Omission Section D. Official Reserve Account

Last Answer : Current Accounts

Description : What is the underlying characteristic of the WTO? A. It facilitates economic co-operation between different countries B. It resolves disputes between economic trade blocks C. It facilitates ... the Uruguay round, the organisation's ultimate goal being the promotion of free international trade

Last Answer : D. It acts as an umbrella institution that regulates the agreements concluded at the Uruguay round, the organisation’s ultimate goal being the promotion of free international trade

Description : Which is the right sequence of stages of Internationalization? a. Domestic, Transnational, Global, International, Multinational b. Domestic, International, Multinational, Global, Transnational ... , International, Transnational, Global d. Domestic, International, Transnational, Multinational, Global

Last Answer : Domestic, International, Multinational, Global, Transnational

Description : If we add……………. to net domestic production we get GDP (a) Depreciation ; (b) Direct tax ; (c) Indirect tax ; (d) Interest payment

Last Answer : (a) Depreciation ;

Description : Which of the following exceptions in the WTO rules does not permit a country to use a tariff or quota that is more restrictive than its bound tariff? A. Anti-dumping B. Countervailing duties C. Safeguards D. Balance of payments protection E. Preferential trade agreements

Last Answer : E. Preferential trade agreements

Description : Previously, when a high-technology project was undertaken by a firm, it would start its journey through firm in A. Manufacturing department B. Functional department C. Execution Department D. R & D department

Last Answer : R & D department

Description : The Govt. of India does not provide any direct financial assistance to which scheme? -Do You Know?

Last Answer : answer:

Description : The Govt. of India does not provide any direct financial assistance to which scheme? -Do You Know?

Last Answer : answer:

Description : 1. If the current in the core decreases, what will the strength of the magnetic field be? 2. What is the commonly used unit for measuring the speed of data transmission? 3. The Govt. of ... flows between the Vindhya and Satpura ranges? 20. Which was a journal brought out by Abul Kalam Azad ?

Last Answer : Answer : 1. Decreases 2. Bits per second 3. Jeevan Sathi Yojana 4. Because warm and cold currents meet 5. Ranga II 6. Fatty tissue 7. Uttar Pradesh 8. Oil gas 9. Silvassa 10. Hunter 11. Sports ... 16. Speaker 17. Because of inadequate supply of air 18. Growth of GNP 19. Narmada 20. Al -Hilal

Description : Which of the following is not a driver of globalization? A. The fragmentation of consumer tastes between countries. B. The competitive process. C. Multinational companies successfully persuading governments to lower trading barriers. D. The need to gain economies of scale.

Last Answer : The competitive process.

Description : According to the textbook, the most valuable framework to help managers better understand differences between national cultures was developed by ______________. A. Milton FriedmanB. Michael Porter C. Geert Hofstede D. Abraham Maslow

Last Answer : Geert Hofstede

Description : With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they? A. The GATT and the Agreement on Subsidies and Countervailing Measures B. ... D. The International Monetary Fund's Articles of Agreement and the European Central Bank's Statute.

Last Answer : A. The GATT and the Agreement on Subsidies and Countervailing Measures

Description : According to Porter, dealing with the paradox of premature commitment versus not enough commitment involves some kind of: A. Trade-off B. Lock-in C. Lock-outD. Diversification

Last Answer : Lock-out

Description : In terms of the PESTLE analysis, the liberalizing of international trade and tariff regimes could go in which section or sections? A. Political B. Legal C. Political and economic and legal D. Political and environmental

Last Answer : Political and environmental

Description : According to Porter, dealing with the paradox of premature commitment versus not enough commitment involves some kind of: A. Trade-off B. Lock-in C. Lock-outD. Diversification

Last Answer : Lock-out

Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above

Last Answer : Ratio of prices of exports and imports

Description : Modern theory of international trade is based on the view of A. Adam Smith B. Ricardo C. Hecksher and Ohlin D. Hicks

Last Answer : Hecksher and Ohlin

Description : Theory of international trade was given by:- A. Adam Smith B. Ricardo C. Hicks D. Ohlin

Last Answer : Ricardo

Description : Which of the following do NOT facilitate globalization? A. Improvements in communications B. Removal of barriers to trade and investment C. Immigration controlsD. Removal of controls on movement of capital across borders

Last Answer : Immigration controls

Description : Globalization refers to: A. A more integrated and interdependent world B. Less foreign trade and investment C. Global warming D. Lower incomes worldwide

Last Answer : . A more integrated and interdependent world

Description : A Most Favored nation status doesn’t necessarily refers to A. Same and equal economic treatment B. Non-discriminatory treatment C. Same tariff rates applicable D. Uniform civil code

Last Answer : Uniform civil code

Description : Subsidiaries consider the regional environment for policy or Strategy formulation is known as _____. a. Polycentric Approach b. Regiocentric Approach c. Ethnocentric Approach d. Geocentric Approach

Last Answer : Regiocentric Approach

Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric Approach

Last Answer : Polycentric Approach

Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric Approach

Last Answer : . Polycentric Approach

Description : Buying and selling of products and services from firms in other countries is called A. importing and exporting B. regional alliances C. national alliances D. international alliances

Last Answer : importing and exporting

Description : Kind of organization which have integrated worldwide corporate units in different countries is classified as A. alliance enterprise B. global enterprise C. interdependence enterprise D. multinational enterprise

Last Answer : global enterprise

Description : Hofstede found that some countries have a long-term orientation while others focus on the short term. His results mean that: A. US business would be happy to invest in nuclear power and space ... from ten-year investment projects. D. Indian business is impatient for a return on its investments.

Last Answer : British businesses prefer investments with a quick return.

Description : Ageing of the population is caused by: A. Low birth rates. B. High death rates. C. The immigration of workers from other countries. D. High fertility rates.

Last Answer : Low birth rates.

Description : Ageing of the population is caused by: A. Low birth rates. B. High death rates. C. The immigration of workers from other countries. D. High fertility rates.

Last Answer : Low birth rates

Description : Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.

Last Answer : It opens up new market opportunities.

Description : Type of organization which has operating units in some foreign countries is classified as A. alliance enterprise B. global enterprise C. interdependence enterprise D. multinational enterprise

Last Answer : multinational enterprise

Description : The reason that a nation's cultural differences are the most difficult to gain information about is because __________________. A. people tend to be sensitive about their own culture B. providing ... issue D. natives are least capable of explaining the unique characteristics of their own culture

Last Answer : “natives” are least capable of explaining the unique characteristics of their own culture

Description : Auditor’s responsibility for detecting noncompliance is limited to those: a. Direct-effect noncompliance. b. Material direct-effect noncompliance. c. Material indirect-effect noncompliance. d. All noncompliance since they affect the financial statements directly or indirectly

Last Answer : Material direct-effect noncompliance

Description : Firm that operate internationally are able to A. earn a greater return from their skills and core competencies B. realize location economies where they can be performed most efficiently C. realize greater experience curve economies, which reduces the cost of production D. All the above

Last Answer : All the above