Subject: Trade

Which of the following is/are treated as artificial currency?

In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a ‘Trade Mark’ and a Geographical Indication is/are:
1. A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right.
2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.
3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only.
Which of the statements given above is/are correct ?

The balance of payments of a country is a systematic record of

With reference to Balance of Payments, which of the following constitutes/constitute the Current Account?
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights
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The terms ‘Agreement on Agriculture’, ‘Agreement on the application of Sanitary and
Phytosanitary Measures’ and ‘Peace Clause’ appear in the news frequently in the context of the
affairs of the

In India, the steel production industry requires the import of

Which of the following best describes the term ‘import cover’, sometimes seen in the news?

‘Broad-based Trade and Investment Agreement (BTIA)’ is sometimes seen in the news in the context of negotiations held between India and

With reference to the international trade of India at present, which of the following statements is/are correct?
1. India’s merchandise exports are less than its merchandise imports.
2. India’s imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.
3. India’s exports of services are more than its imports of services.
4. India suffers from an overall trade/current account deficit.
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With reference to Trade-Related Investment Measures (TRIMS), which of the following
statements is/are correct?
1. Quantitative restrictions on imports by foreign investors are prohibited.
2. They apply to investment measures related to trade in both goods and services.
3. They are not concerned with the regulation of foreign investment.
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