INTERNATIONAL TRADE FINANCE CASE STUDY MCQ-1

Prepare for your IIBF International Trade and Finance (ITF) certification exam with our targeted multiple-choice questions. These MCQs have been specifically designed to test your understanding of the core theories of international trade finance, as covered in the ITF syllabus.

Quiz : WTO Functions and Dispute Settlement

1. One of the broadly listed functions of the WTO is:

a) Managing global currency reserves

b) Providing development aid

c) Administering World Trade Agreements

d) Conducting military operations

2. The WTO provides a forum for:

a) Political debates

b) Cultural exchanges

c) Negotiating trade agreements

d) Scientific research

3.  A key function of the WTO mentioned is handling:

a) Aid distribution

b) Trade disputes

c) Immigration issues

d) Labour standards

4. The WTO provides a dispute redressal system for:

a) Multinational corporations

b) Non-governmental organisations

c) Aggrieved countries

d) Individual consumers

5. Countries are expected to follow a transparent trade policy, falling in line with agreements between nations and making policies available to whom?

a) Only their own citizens

b) WTO and other nations to review

c) Select trading partners

d) Academic institutions

6. Requiring governments to make their trade policies transparent and notifying the WTO about laws and measures is a principle related to:

a) Non-discrimination

b) Reciprocity

c) Transparency

d) Market access

7. The dispute redressal system and trade policy review functions of the WTO are stated to help them safeguard their interests and engage in healthy trade practices?

a) Developed nations only

b) Least Developed Countries only

c) Developing nations

d) All member nations equally

8. How often does the WTO operate through Ministerial Conferences, according to the sources?

a) Annually

b) Every three years

c) At least once in two years

d) Every five years

9. The General Council of the WTO holds several meetings in which city?

a) New York

b) Brussels

c) Geneva

d) Vienna

10. The WTO's goal is to help producers, exporters, and importers conduct their business through a more open trade for whose benefit?

a) Only the exporting country

b) Only the importing country

c) All of the mentioned

d) Only large corporations

MOCK TEST

World Trade Organization (WTO) Quiz

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