QUIZZES ON INTERNATIONAL TRADE

Import duty and tariffs is an instrument used for international trade restriction and so is __________?

Preferential duties

Correct Incorrect Correct answer

Preferential treatment

Correct Incorrect Correct answer

Entreport

Correct Incorrect Correct answer

Trade license

Correct Incorrect Correct answer

The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________

Sales promotion

Correct Incorrect Correct answer

Term of trade

Correct Incorrect Correct answer

Export promotion

Correct Incorrect Correct answer

International trade

Correct Incorrect Correct answer

The form of capital that is required for the day-to-day running of production activities is called?

Fixed capital

Correct Incorrect Correct answer

Social Capital

Correct Incorrect Correct answer

Circulating capital

Correct Incorrect Correct answer

Liquid capital

Correct Incorrect Correct answer

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

International monetary Fund

Correct Incorrect Correct answer

Countries with comparative advantage

Correct Incorrect Correct answer

Countries with superlative advantage

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Countries producing same or identical goods

Correct Incorrect Correct answer

The Economic Commission for Africa was set up by the_________

UNO

Correct Incorrect Correct answer

ECOWAS

Correct Incorrect Correct answer

OAU

Correct Incorrect Correct answer

IMF

Correct Incorrect Correct answer

The full meaning of NNPC is?

Nigerian National Population commission

Correct Incorrect Correct answer

Nigerian National Petroleum Corporation

Correct Incorrect Correct answer

National Number of Petroleum Companies

Correct Incorrect Correct answer

None of the above

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Occupational distribution of information is mainly influenced by___________

economic factor

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religious factor

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geographical factor

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social factor

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The Economic Community of West African States (ECOWAS) has been slow in achieving its objective because of______________

The activities of multinationals

Correct Incorrect Correct answer

inadequate personnel at the secretariat

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political instability

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inadequate international support

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Consider the following statements:

1. Climate and availability of water largely determines the pattern of the population distribution.

2. Density of population helps in getting a better understanding of the spatial distribution of population in relation to land

Which of the statement(s) given above is/are correct

Only 1

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Only 2

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Both 1 and 2

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Neither 1 nor 2

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An example of a service-rendering trade association is?

Nigeria Bar Association

Correct Incorrect Correct answer

Association of Nigeria Miners

Correct Incorrect Correct answer

Cocoa Farmers' Association

Correct Incorrect Correct answer

Manufacturers' Association of Nigeria

Correct Incorrect Correct answer

The following are types of capital except:___________

Current capital

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Saving capital

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Working capital

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Social capital

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QUIZZES ON INTERNATIONAL TRADE

QUIZZES ON INTERNATIONAL TRADE

Thomas Bamidele April 5, 2024

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