Theoretically trade between two countries lakes place on account of -

Related MCQs

• The international trade and exchange between more than two countries without discrimination between those involved is called:
• The World Trade Organization (WTO) is the only international body dealing with the rules of trade between nations. The World Trade Organization began life on 1st of
• In 1971, United Nations Conference on Trade and Development (UNCTAD) drew up a list of 24 countries having a GDP of 100 or less literacy rate of 20% or less and a share of manufacturing of 10% or less of GDP. These countries were referred to as:
• Both-way trade between two countries is also known as:
• The General Agreement on Tariffs and Trade trade rounds concentrated on reducing tariffs. Which round was the first major attempt to tackle trade barriers and to improve the system? This eighth round is called:
• The exploitation of developing countries by advanced countries is called:
• The administered transfer of resources from the advanced countries to the developing countries for the purpose of encouraging economic growth is called:
• Agreement between two countries is:
• When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves – that is called:
• The General Agreement on Tariffs and Trade (GATT) is the predecessor of World Trade Organization. It entered into force in.