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The bar graph shows the export and import of different countries. Which country's trade surplus matches the average trade surplus of all countries? (Trade surplus = Exports - Imports)
In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong' arguments and which is/are ‘weak' arguments and accordingly choose your answer from the alternatives given below each question. Statement: The United States has launched what China calls the ‘largest trade war in economic history' and in its latest move targeted another $200 billion in Chinese export goods. The US-China spat is one of several trade fights picked by the protectionist President Donald Trump as his ‘America First' agenda disrupts trade relations among traditional allies. The growing share of international trade under threat has raised the prospect the escalating trade war could harm the global economy, shrinking investments and undermining supply chains. Why? Arguments: I. Several companies - including Total and Peugeot of France, and Russia's Lukoil - have said they are preparing to exit Iran ahead of US deadlines, the last of which is November 4. II. Trump argued the original deal from 2012 was lopsided in Seoul's favour but has also clouded the issue by appearing to link trade concessions to progress in his separate track of talks with nuclear-armed North Korea. III. Meanwhile, talks among the three NAFTA (North American Free Trade Agreement) signatories, launched after Trump demanded an overhaul of the ‘terrible deal', have snagged notably owing to the US demands to increase American content installed in duty-free autos. 
Which of the following statements relating to the trade unions under the Trade Unions Act, 1926 are not true?
1. Every registered trade union has to submit a half yearly return to the Registrar of Trade Unions.
2. Any person who has attained the age of eighteen can become an office bearer of the trade union.
3. Retired or retrenched employees of an organisation holding an office in a trade union shall not be construed as an outsider.
4. The number of outsiders working as office bearers in registered trade union functioning other than in an unorganised section shall be limited to eight.
Consider the following for the dissolution of trade unions under the Trade Union Act, 1926. Which of the following statement(s) is/are correct?
1. When a registered Trade Union is dissolved, notice of the dissolution is signed by nine members and by the Secretary of the Trade Union.
2. The notice of dissolution must be sent within ten days to the Registrar.
3. Where the dissolution of a registered Trade Union has been registered and the rules of the Trade Union donot provide forthe distribution of funds of the Trade Union on dissolution, the registrar shall divide the funds amongst the members in such manner as may be prescribed.
Which of the following are the main functions of WTO? 1. To organize meetings of member countries to arrive at trade agreements covering international trade 2. To ensure that member countries conduct trade practices as per agreement agreed upon and signed by the member countries 3. To provide a platform to negotiate and settle disputes related to international trade between and among member countries
The following sentences form a paragraph. The first and the last sentences of the paragraph are given. The rest of the sentences are numbered as P, Q, R and S. These four parts are not given in their proper order. Read the sentences and choose the alternative that arranges them in the correct order. 1. The concept of Globalisation by integrating nation states within the theme work of World Trade Organisation (WTO) is an alternative version of the Theory of Comparative Cost Advantage propagated by the classical economists for assuming unrestricted flow of goods between the countries for mutual benefit, especially from Great Britain to other less developed countries or to their colonies. P. However, the advocates of globalisation, especially from the developed countries purposely limit the definition of globalisation to only three components, i.e., unrestricted trade flows, capital flows and technology flows. Q. They do not want to include the free flow labour within the parameter of globalisation set by them. R. In this way, the imperialist nations gained much at the cost of the colonial countries who had to suffer from the scar of stagnation and poverty. S. The World Commission on the Social Dimension of Globalisation (WCSDG) set up by ILO has also made some important observations on globalisation. 6. In the meantime, various countries of the world have adopted the policy of globalisation.
Which of the following statements are true/false?
1. The Societies Registration Act, 1860 shall not apply to any registered Trade Union, and the registration of any such Trade Union under any such Act shall be void.
2. Trade Unions may be temporary or permanent.
3. Workmen means all persons employed in trade or industry whether or not in the employment of the employer with whom the trade dispute arises.
4. Every registered Trade Union shall be a body corporate by the name under which it is registered, and shall have perpetual succession and a common seal with power to acquire and hold both movable and immovable property and to contract, and shall by the said name sue and be sued.
Given below are six sentences of a  passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four-sentence in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences. S1: In a globalised world, no country can hope to impose tariffs without affecting its own economic interests. S6: The ongoing trade war also threatens the rules-based global trade order which has manages to amicably handle trade disputes between countries for decades. P: So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in tit-for-tat tariff battle. Q: Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports. R: China, which is fighting an economic showdown, will be equally affected. S: The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans.
Each item consists of six sentences of a passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and markyour response accordingly on the Answer Sheet.
S1 :In a globalized world, no country can hope to impose tariffs without affecting its own economic interests.
S6 :The ongoing trade war also threatens the rules-based global trade order which has managed to amicably handle trade disputes between countries for decades.
P :So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in this tit-for-tat tariff battle.
Q : Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports.
R : China, which is fighting an economic slowdown, will be equally affected.
S :The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans
The correct sequence should be