Most important questions for UGC Net - Paper 2 - Management

1. I N T E R N A T I O N A L B U S I N E S S
P R O F V E N K A T E S H G A N A P A T H Y
U G C N E T P A P E R - I I
QUIZ

2. Who is the first woman Director General of
WTO?
 a. Yoo Myung-Hee
 b. Persis Hamilton
 c. Anne Fleming
 d. Okonjo Iweala
 e. Angela Merkel

3. What is most favored nation clause?
 A. The member countries should give equal treatment to
the products imported from any other member country
 B. Countries can discriminate between their trading
partners.
 C. Neither of the above
 D. Both A & B

4. National Treatment clause MEANS
 A. TREAT FOREIGN PRODUCTS ON PAR WITH
IMPORTED PRODUCTS
 B. PROTECT DOMESTIC INDUSTRIES
 C. PROTECT LOCAL MANUFACTURERS FROM
TARRIFS BY DEVELOPED COUNTRIES
 D. ESTABLISHING A TARIFF-LESS REGIME
ACROSS THE GLOBE

5. The uruguay round of trade negotiations were
held between
 A. 1985-1990
 B. 1986 – 1994
 C. 1990 – 1997
 D. 2000- 2005

6. WHO PRESENTED THE DRAFT OF TRIPS
AGREEMENT IN URUGUAY ROAD?
 A. PETER SUTHERLAND
 B. ARTHUR DUNKEL
 C. ROBERTO AZEVÊDO
 D. ANGELA ELLARD

7. The three countries that extended the deadline to
meet trips commitments are
 A. US, UK & JAPAN
 B. AUSTRALIA, NEW ZEALAND & GERMANY
 C. SINGAPORE, TAIWAN & MALAYSIA
 D. INDIA, PAKISTAN & BANGLADESH
 E.INDIA, BRAZIL AND CHINA

8. AS PER TRIPS, PROTECTION FOR PATENTS IS
 A. 10 YEARS
 B. 20 YEARS
 C. 30 YEARS
 D. 40 YEARS

9. AS PER TRIPS, PROTECTION FOR
COPYRIGHTS IS
 A. 60 years
 B. 50 years
 C. 40 years
 D. 30 years

10. SYMBOL, WORD, OR WORDS LEGALLY REGISTERED OR
ESTABLISHED BY USE AS REPRESENTING A COMPANY OR
PRODUCT.
 A. BRAND
 B. LOGO
 C. TRADE MARK
 D. INTELLECTUAL PROPERTY
 E. LEGAL SYMBOLS

11. PROTECTION FOR TRADEMARKS AS PER
TRIPS IS FOR
 A. Six years
 B. Seven years
 C. Eight years
 D. Ten years

12. MNCS should be treated as national companies
as per
 A. A UNITED NATIONS RESOLUTION
 B. DOHA ROUND OF WTO NEGOTIATIONS
 C. TRIMS
 D. TRIPS
 E. GENERAL AGREEMENT ON TARIFFS & TRADES

13. Which is not a feature of trims?
A. Abolition of restrictions imposed on foreign capital
B. Equal rights to foreign and domestic investors
C. Restriction to foreign capital in certain businesses
like insurance, banks and financial services
D.Participation of foreign equity shall be allowed up
to 100%
E. Grant permission for FDI without restrictions on
import of raw materials.

14. The organisation structure of WTO comprises
four hierarchies –
 1. Ministerial conference
 2. General council
 3. Councils & committees
 4. Management bodies.
 5. Networked Council
 6. Sub-committees
 --------------------------------------------------------------------------
 A. 1,2,3,4
 B. 2, 3, 4, 6
 C. 3,4,5,6
 D. 1,4,5,6

15. Green policies were proposed by Arthur dunkel in
following sectors
 A. Expansion for infrastructure & Environment
 B. Disease Control & Food Security
 C. Disease control, environment protection, food
security and expenditure for expansion of
infrastructure.
 D. Construction, Building of Dams, Disaster
recovery projects

16. Monopolist sells remaining production in foreign
countries at low price on a continuous basis.
 A. INTERMITTENT DUMPING
 B. PERSISTENT DUMPING
 C. PREDATORY DUMPING

17. Monopolist sells product in foreign market at low price,
drives competition, then increases the price after
competitors leave the market.
 A. Intermittent dumping
 B. Predatory dumping
 C. Persistent dumping

18. CHINA DUMPED WHICH PRODUCT IN INDIA LEADING TO
SLUMP IN DOMESTIC PRODUCTION
 A. STEEL
 B. PLASTIC
 C. WOOD
 D. CEMENT

19. WHICH COUNTRY DUMPED COOKING OIL IN INDIA?
 A. Malaysia
 B. Singapore
 C. Taiwan
 D. Indonesia

20. Non trade issues that are being enforced by
developed countries on developing countries are
 A. labour standards
 B. labour standards and human rights
 C. tariffs and duties
 D. Anti protectionist policies and abolition
of taxes on foreign goods

21. Since the ____________Round, India has
autonomously liberalised its Services trade regime
across the board.
 A. BALI
 B. DOHA
 C. URUGUAY
 D. PANAMA

22. WTO Director-General Ngozi Okonjo-Iweala (4 May 2021)
announced
A. The appointment of 4 Deputy Directors – General
B. The approval for Moderna Vaccine
C. Allocation of Vaccines for Least Developed Countries
D. Creation of food security for Least Developed Nations

23. Name the director general of wto between 2013-
2020
 A.PETER SUTHERLAND
 B.MIKE MOORE
 C. SUPACHAI
PANITCHPAKDI
 D. ROBERTO AZEVEDO

24. Developing countries were allowed to stockpile
agricultural products to protect against food shortages
in the Ministerial Conference on
 A. DUBAI
 B. MOROCCO
 C. BALI
 D. KAZAKHSTAN
 E. GENEVA

25. Under the Marakkesh agreement, ministerial conference has
to be held every
 A. THREE YEARS
 B. TWO YEARS
 C. FOUR YEARS
 D. FIVE YEARS

26. THE 11TH MINISTERIAL CONFERENCE OF
WTO WAS HELD IN
 A. IRAN
 B. JAPAN
 C. INDIA
 D. ARGENTINA
 E. PARIS

27. Twelfth Ministerial Conference (MC12) OF WTO
will take place in the week of 29 November 2021
 A. CHINA
 B. BRAZIL
 C. BALI
 D. GENEVA
 E. SINGAPORE

28. WHICH IS THE HIGHEST DECISION MAKING
BODY OF WTO?
 A. Office of Director General
 B. Cross-boundary Councils
 C. International Consortiums
 D. Ministerial Conferences

29. Which of these two institutions were established
in the same year?
 A. UN & WB
 B. WTO & GATS
 C. WB & IMF
 D. IMF & UNICEF

30. The number of member countries in WTO are
 a. 145
 b. 159
 c. 164
 d. 173

31. How many countries are not members of WTO?
 A. 16
 B. 12
 C. 14
 D. 19

32. Who among the following is lender of last resort?
 a. WTO
 b. World Bank
 c. UN
 d. UNICEF
 e. IMF

33. Which of the following is NOT a part of the UN
Charter?
 A. Respect for human rights
 B. Eradication of poverty
 C. Corporate Social Responsibility
 D. International Peace and Security
 E. Fighting environmental pollution
 a. A, B, D
 b. C & E
 c. C, D & E
 d. B, D & E

34. Mini Multinationals in international business
refers to
 A. Indian Companies exporting goods to developed
countries
 B. LDCs (Least Developed Countries) exporting
goods to US and UK
 C. Medium and Small Multinationals that benefit
from use of Internet
 D. Companies in BRICS nations

35. The Beggar Thy Neighbor policy in foreign trade
refers to
 a. World Bank earmarking a separate fund for
development of beggars in poor countries
 b. UN resolution in favor of marginalised section in
Least Developed Countries
 c. Countries raising trade barriers against one
another
 d. Developed countries labelling Least Developed
Countries as needing greater support due to more
number of beggars

36. Name the country that is not a member of United
Nations
 A. UAE
 B. China
 C. New Zealand
 D. Australia
 E.Palestine

37. The UN Secretary General Antonio Guterres has
recently proposed the following to fight the
Corona pandemic
 A. World Development Fund
 B. Increased vaccine production
 C. Wealth tax for those who made profits during
Covid
 D. Economic support to underprivileged population
E. A global fund for supporting vaccine research

38. Name the country that is not part of WTO
 A. China
 B. South Korea
 C. Monaco
 d. Austria
 e. Maldives

39. Which one of the following is NOT part of the
Doha round of negotiations of WTO?
 a. Reduction in agricultural tariffs
 b. Increased trade barriers for developed economies
 c. Reduction in barriers for cross border investment
 d. Limit antidumping laws

40. Environmental Quiz
O N T H E O C C A S I O N O F W O R L D
E N V I R O N M E N T D A Y – 5 T H J U N E 2 0 2 1
6 Q U E S T I O N S

41. Q.1
 In January 2016, PM Modi & French President
Francis Hollande signed an agreement to form
International Solar Alliance (ISA). Where is the
headquarters of ISA located?
 A. Delhi
 B. Hyderabad
 C. Gurugram
 D. Dehradun

42. Q.2.
 Name the leader behind the environmental
movement - “Appiko “ to protect forests
 A. Vandana Shiva
 B. H N Bahaguna
 C. Gaura Devi
 D. Panduranga Hegde

43. Q.3.
 In the Paris summit, India has pledged that ____%
of electricity generation capacity will be sourced
from non fossil resources by 2030.
 A. 25%
 B. 40%
 C. 30%
 D. 50%

44. Q.4.
 The mission to increase forest/tree cover to 5 million
hectares and improve quality of forest/ tree cover on
another 5 million hectares of forest or non forest
lands is called as
 A. National Mission for Enhanced Energy Efficiency
 B. Kyoto Protocol
 C. Green India Mission
 D. National action plan on climate change

45. Q.5.
 Choose the members of the Covax Alliance.
 A. Covax + CEPI + WHO
 B. Covax + UN + WTO
 C. Covax + WHO + IMF
 D. Covax + WHO

46. Q.6
 Licence for manufacture of Covaxin vaccine is on the
basis of
 A. Strategic alliance
 B. Joint Venture
 C. Export capabilities
 D. Technology Transfer