43. Foreign Trade - Policy, Balance of Trade, Balance of Payment, WTO

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Export of which of the following is an Invisible Export?

Services

Prohibited goods

Unrecorded goods

Goods through smuggling

Which is NOT a core WTO agreement or mechanism?

Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)

General Agreement on Trade in Services (GATS)

Plurilateral Agreement on Government Procurement

Multilateral Agreement on Investment (MAI)

If India's external commercial borrowings increase, what is the likely macroeconomic impact?

External debt will increase, but macroeconomic impact depends on hedging and exchange rates

External debt will increase, but forex reserves will remain unaffected

External debt will remain unaffected due to RBI’s forward book management

External debt will increase proportionally, with no impact on current account deficit

Which commodity is directly affected by international crude oil price fluctuations?

Edible Oils

Cereals

Consumer nondurables

Gold & Silver

For which of the commodities the unit bpd is used in international trade?

Meat & Livestock

Precious Metals

Industrial metals

Crude oil

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