The Company's monopoly of Trade was abolished by the Act of

Which act ended the "Trade Monopoly" of the East India Company?

A

Regulating Act of 1773

B

Pitt's India Act of 1784

C

The Charter Act of 1833

D

The Charter Act of 1813

By which Charter Act, the East India Company's monopoly of trade with China come to an end?

A

Charter Act of 1793

B

Charter Act of 1813

C

Charter Act of 1833

D

Charter Act of 1853

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?

A

A country's trade will always be in balance even though it runs a deficit with a single country.

B

A country's trade deficits and surpluses with other countries always balance out.

C

A country's global trade balance is a sign of strength or weakness.

D

A country's global trade balance is determined by relative demand and productive capabilities.

The Trade Facilitation Agreement was signed by the members of the World Trade Organization at

A

2001 Doha Development Round

B

2003 Cancun Ministerial Meeting

C

2013 Bail Ministerial Conference

D

2008 Geneva Ministerial Meeting

The Trade Facilities, Agreement signed by the members of the world Trade Organization came into force on.

A

12 February, 2017

B

22 February, 2017

C

24 February, 2017

D

25 February, 2017

The explosion of global trade in the postwar era is attributed tariffs and other trade barriers.

A

of

B

off

C

into

D

None

In 1990, global service exports totaled about $370 billion, approximately 20% of world trade. Still no coherent, system of rules, principles and procedures exist govern trade in services.

A

Regulatory system lag behind the reality of service exports

B

While trade legislation exists, it-is uncoordinated

C

Service trade legislation is a veritable wasteland

D

Regulatory system ought to reflect the importance of service exports.

In __________, the First National Trade union organization (The All India Trade Union Congress (AITUC)) was established

A

1904

B

1908

C

1917

D

1920

What is the name of the international trade agreement that entered into force in 2022, creating the world's largest free trade area by population?

A

NAFTA (North American Free Trade Agreement)

B

CETA (Comprehensive Economic and Trade Agreement)

C

RCEP (Regional Comprehensive Economic Partnership)

D

TPP (Trans-Pacific Partnership)

'Permanent Settlement' was abolished in Bengal in ---

A

1950

B

1793

C

1946

D

1796

The Company's monopoly of Trade was abolished by the Act of

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