International Trade | MCQs

Explanation

Top Importer of Pakistan fiscal year (2020-21)

1.           China

2.           United Arab Emirates (UAE)

3.           Singapore. 

Petroleum is the largest-import item of Pakistan

Explanation

Explanation

The United nations convention on exchange and developmental (UNCTAD) became installed in 1964 as an intergovernmental organization meant to sell the interests of growing states in international change.

UNCTAD is the a part of the United countries Secretariat handling change, investment, and development issues. The organization's goals are to: "maximize the exchange, investment and development possibilities of developing countries and help them of their efforts to combine into the arena economic system on an equitable basis".

UNCTAD become mounted by using the United nations general assembly in 1964 and it reviews to the UN popular assembly and United nations monetary and Social Council.

Explanation

NAMA stands for Non-Agricultural Market Access in the World Trade Organization (WTO).

NAMA is a series of trade negotiations between WTO members to reduce or eliminate tariffs and non-tariff barriers on industrial products.

The goal of NAMA is to make it easier for developing countries to export certain products. 

NAMA negotiations cover a range of products, including:

• Manufactured goods
• Textiles
• Fuels and mining products
• Footwear, jewelry, forestry products, fish and fisheries, and chemicals

Explanation

• • Chairmanship of BRICS for 2021: India

  • Chairmanship of BRICS for 2022: China

  • Chairmanship of BRICS for 2023: South Africa

  • Chairmanship of BRICS for 2024: Russia
• Know everything about BRICS: 
• BRICS founded: June 2009
  
• BRICS Member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates
  
• BRICS total members: 10 
• South Africa joined BRICS: 2010
• BRICS headquarters: Shanghai, China
• BRICS first conference hosted by: Russia (2009) 

Explanation

LAIA (Latin American Integration Association)

It was created on 12 August 1980

by the 1980 Montevideo Treaty replacing the Latin American Free Trade Association (LAFTA/ALALC).

LAIA Currently, has 13 member countries

LAIA's Headquarters: Montevideo, Uruguay

LAIA's Founder: Argentina

ND7-5-2023

Explanation

A custom is a tax imposed on goods that are imported into or exported out of a country.

This tax is primarily used to regulate trade, protect domestic industries, and generate revenue for the government.

Explanation

A "multinational" refers to a company that operates in multiple countries.

It managing production or delivering services across national borders.

This allows the company to have a global presence.

Explanation

List of major Export Products of Bangladesh

1. Readymade Garments/Textile

2. Jute and Jute Products

3. Fish, Shrimps, and Prawns

4. Leather and Leather Products

Explanation

Increased demand for its imports