11 Jul 2014

Smu mba international business management sample paper set four


6. _____________ is a trade pact between Argentina, Brazil, Paraguay and Uruguay.
European Free Trade Association (EFTA)
North American Free Trade Agreement (NAFTA)
Correct
MERCOSUR
Feedback:Right choice MERCOSUR is a trade pact between Argentina, Brazil, Paraguay and Uruguay to promote free trade and a smooth movement in currency, goods and people between these nations.
Asian Free Trade Area (AFTA)
UnitUnit 14-2 Mark Identify the true and false statements. 1. The tendency of countries moving towards regional integration was activated by NAFTA. 2. The level of integration of a country with other countries is determined by what it shares and how it shares.
( Choose one )
1F, 2T
1T, 2F
1F, 2F
1T, 2T
1. Which of the following are the functions that have to be performed by the initiative of regional integration?
1. Promoting economic diversification.
2. Developing strong public sector institutions and good governance.
3. Strengthening of trade integration in the region.
4. Guaranteeing the physical security of trade routes.
Wrong
1 and 2
Feedback:Not the right choice Although option 2 is a function performed by the initiative of regional integration, option 1 is a common idea to achieve regional integration.
1 and 3
Should have chosen
2 and 3
2 and 4
 2. Which of the following options are the objectives of National American Agreement on Labour Cooperation (NAALC)?
1. Formulate scientific research centres
2. Encourage cooperation to promote innovation
3. Investment and business liberation
4. Promote a set of guiding labour principles
1 and 3
Correct
2 and 4
Feedback:Right choice Options 2 and 4 are the objectives of National American Agreement on Labour Cooperation (NAALC).
1 and 4
2 and 3
 3. Identify the true and false statements.
1. Preferential Trading Agreement is the strongest type of economic integration and aims to reduce the taxes on few products of the countries who sign the pact.
2. The introduction of PTA has generated an increase in the market size which has resulted in the availability and variety of new products.
1F, 2F
1T, 2T
Wrong
1T, 2F
Feedback:Not the right choice Statement 1 is not true as the preferential trading agreement is the weakest type of economic integration and aims to reduce the taxes on few products of the countries who sign the pact. Statement 2 is not false.
Should have chosen
1F, 2T
 4. Identify the true and false statements.
1. The tendency of countries moving towards regional integration was activated by NAFTA.
2. The level of integration of a country with other countries is determined by what it shares and how it shares.
Should have chosen
1F, 2T
Wrong
1T, 2F
Feedback:Not the right choice Statement 1 is not true as the tendency of countries moving towards regional integration was activated by the European Union (EU) market integration. Statement 2 is not false.
1F, 2F
1T, 2T

2. The ____________ comprises of a common market with a customs union.
Political union
Should have chosen
Economic union
Wrong
Single market
Feedback:Not the right choice Single market is a trade bloc, comprising a free trade area with common policies on product regulation, labour and services.
Legislative union
 3. What is the regional development arm of the United Nations for the Asia-Pacific region?
Bangladesh India Myanmar Sri Lanka and Thailand Technical and Economic Cooperation (BIMSTEC)
Wrong
Association of South East Asian Nations (ASEAN)
Feedback:Not the right choice ASEAN looks forward to strengthen the security in the Asia-Pacific region.
India-Sri Lanka Free Trade Agreement (ISFTA)
Should have chosen
United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)
 4. Which among the regional trade agreements has 21 member nations?
ASEAN Free Trade Area
European Union
Wrong
South Asian Free Trade Area
Feedback:Not the right choice South Asian Free Trade Area has 7 member nations.
Should have chosen
Asia-Pacific Economic Cooperation
 5. Which trade agreement was formulated to levy zero customs duty for trading products by 2012?
Should have chosen
South Asian Free Trade Area (SAFTA)
Wrong
Gulf Cooperation Council (GCC)
Feedback:Not the right choice GCC helps to inter-connect, integrate and coordinate between the member states in every field.
The Asia-Pacific Economic Cooperation (APEC)
North American Agreement on Environmental Cooperation (NAAEC)

No comments:

Post a Comment