Quiz | Jatin Verma’s IAS Academy
Correct Incorrect Unattempted
Q1

Consider the following statements:

1. The Standard International Trade Classification is issued and regulated by the World Trade Organization.

2. The Standard International Trade Classification is applied to compile international trade statistics.

Which of the statements given above is/are correct?

Q2

For a given country, a higher level of participation in Global Value Chains implies

Q3

With reference to economic activities, the term 'network products', implies

Q4

With reference to economic activities, the term 'network products', implies

Q5

Which one of the following is a proposed agreement between the member states of the Association of Southeast Asian Nations (ASEAN) and its free trade agreement (FTA) partners?

Q6

Which of the following countries are members of MERCOSUR?

1. Brazil

2. Mexico

3. Argentina

4. Brazil

Select the correct answer using the code given below:

Q7

With reference to the 'Centre for Fourth Industrial Revolution', recently in the news, consider the following statements:

2. It has been set up by the Global Public Policy Institute (GPPi) and the Government of India. 

1. It will facilitate to bring together government and business leaders to pilot emerging technology policies.

Which of the statements given above is/are correct?

Q8

With reference to the Asia-Pacific Trade Agreement (APTA)' consider the following statements:

1. It was the oldest preferential trade agreement among developing countries in Asia-Pacific.

2. It is an initiative of the United Nations Economic and Social Commission for Asia and the Pacific.

Which of the statements given above is/are correct?

Q1.

Consider the following statements:

1. The Standard International Trade Classification is issued and regulated by the World Trade Organization.

2. The Standard International Trade Classification is applied to compile international trade statistics.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q2.

For a given country, a higher level of participation in Global Value Chains implies

a) The share of foreign value-added in gross exports is equal to the inputs sourced locally.
b) The share of foreign value-added in gross exports is higher than when most inputs are sourced locally.
c) The share of the final good produced is higher than the export of unprocessed raw materials.
d) The share of foreign value-added in gross exports is lower than when most inputs are sourced globally.
Q3.

With reference to economic activities, the term 'network products', implies

a) All high capital intensive products.
b) The final goods produced in a country for global export.
c) A group of industries where production processes are globally fragmented.
d) All durable good that is used in the production of goods or services.
Q4.

With reference to economic activities, the term 'network products', implies

a) All high capital intensive products.
b) The final goods produced in a country for global export.
c) A group of industries where production processes are globally fragmented.
d) All durable good that is used in the production of goods or services.
Q5.

Which one of the following is a proposed agreement between the member states of the Association of Southeast Asian Nations (ASEAN) and its free trade agreement (FTA) partners?

a) IORA
b) TPP
c) SAFTA
d) RCEP
Q6.

Which of the following countries are members of MERCOSUR?

1. Brazil

2. Mexico

3. Argentina

4. Brazil

Select the correct answer using the code given below:

a) 3 and 4 only
b) 1, 2 and 3 only
c) 1, 3 and 4 only
d) 1, 2, 3 and 4
Q7.

With reference to the 'Centre for Fourth Industrial Revolution', recently in the news, consider the following statements:

2. It has been set up by the Global Public Policy Institute (GPPi) and the Government of India. 

1. It will facilitate to bring together government and business leaders to pilot emerging technology policies.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q8.

With reference to the Asia-Pacific Trade Agreement (APTA)' consider the following statements:

1. It was the oldest preferential trade agreement among developing countries in Asia-Pacific.

2. It is an initiative of the United Nations Economic and Social Commission for Asia and the Pacific.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2