14. With reference to the Diwali bonanza° package for exporters, announced by the Union ministry of Commerce in October 2011, which sector was given duty credit under Market Linked Focus Product Scheme (ML14-13S) for export to the U.S. and Europe?
(1) Apparel
(2) Spices
(3) Leather
(4) All of the above.
15. With reference to the visit of Vietnamese President Truong Tan Sang to India in October 2011, which of the following statements is/are correct?
(a) He invited Indian business and technical expertise in sectors such as healthcare, oil and gas, manufacturing, agro-industry, pharma-ceuticals, automotive. IT, shipping and ports, electrical consumer appliances, education and road infrastructure.
(b) Vietnam's exports to India crossed $1 billion in 2010- 11, a jump of 92 per cent over the previous year and India's exports to Vietnam also increased to $2.6 billion.
(c) Beginning 2010, Vietnam
has implemented a 10-year
long modernisation policy. Select the correct answer using the codes given below:
(1) Both a and b
(2) Only c
(3) Only a
(4) All of the above
16. In accordance with the Foreign Trade Policy (Frp) unveiled in New Delhi in October 2011, the Director General of Foreign Trade (DGFT) announced that
to commemorate 25 years of partnership?
Inter national Monetary Fund
(2) World Bank
(3) Asian Development Bank
(4) Bank of New York
10. Commerce Secretary Rahul Khullar, on October 12, 2011, released the provisional data of India's exports and imports for the month of September 2011 in New Delhi. As per the data even as exports continued to maintain a 'robust growth', registering a
growth at $24.80 billion despite downturn in the U.S. and eurozone.
(1) 16.8 per cent
(2) 24.3 per cent
(3) 36.3 per cent
(4) 38.5 per cent
11. Oil and Natural Gas Corporation Videsh Ltd. (OVL), the overseas arm of ONGC, on october 12, 2011, inked an agreement with Vietnam's national oil company to jointly explore for oil and gas in South China sea in Vietnam, India and third countiles.
(1) VietnamOil
(2) PetroVietnam
(3) Oil Vietnam
(4) PetroViet
12. Union Commerce and Industry Minister Anand Sharma, on October 13, 2011, announced a package for exporters in New Delhi, taking the total "Diwali bonanza" to Rs.1,700 crore, in a bid to cushion exporters from slowdown in the U.S. and 'Europe. What was the amount of this package?
(1) Rs, 250-crore
(2) Rs. 675-crore
(3) Rs. 900-crore
(4) Rs. 1200-crore
13. In the package for exporters announced by the government in October 2011, shipments to Latin America, Africa and CIS regions were announced to be eligible for additional one per
it had introduced a higher kvel of encrypted Digital Sig-- nature.
(1) 1636 bit
(2) 2048 bit
(3) 2252 bit
(4) 2442 bit
17. Which of the following features of India-Turkey trade relations surfaced during Vice-President Hamid Ansari's visit to the latter in October 2011?
(a) Trade has more than dou bled in the past five years. from $1.5 billion in 2005 to $4 billion in 2010.
(b) Exports have become increasingly diverse on both sides.
(c) For the current calendar year, the -bilateral trade is expected to touch $6,5-7 billion, surpassing the target of $5 billion the two governments *set for 2012.
Select the correct answer us-
ing the codes given below:
(1) All of the above
(2) Both a and c
(3) Only b
(4) Both ID and c
IS. During the India visit of Myanmar President U Theirs Sein in October 2011 rildia sought to consolidate its ties by offering an additional line of credit. What is the amount of this credit?
(1) $100million
(2) $250 million
(3) $500 million
(4) $1000 million
19. The India-Brazil-South Africa (IBSA) Surnrnit that was held in South Africa in October 2011, tasked the Working Group on Trade and Investment to examine all issues related to trade holistically, including issues relating to
(1) Non-tariff barriers
(2) Maritime and air links
(3) Opportunities for investments
(4) All of the above
20. Which of the following deci sions was made by the IndiaBrazil-South Africa (II3SA) Summit that was held in South Africa in October 2011?
(a) To set up a technical team under the IBSA's working group on trade and investment to reconcile trade data and devise a common reporting format.
(b) The South African and Indian trade ministers decided to enter into long-term contracts for purchase of raw materials and commodities.
Select the correct answer using the codes given below:
(1) Both a and b
(2) Neither a nor b
(3) Only 13
(4) Only a
21. Which of the following aspects of India-Afghanistan trade relations was highlighted by Afghanistan Trade and Industry Minister Anwar Ul Hag Ahady who visited India in October 2011?
(1) The bilateral trade between the two nations stood at $557.81 million in 2010-11.
(2) To enhance the bilateral trade, Mr. Aha.dy said trade between the two must be routed through Wagah border instead of Karachi, which is costly.
(3) India imported 75 tonnes of Afghan apples a week at the peak of the season in 2010.
(4) All of the above
22. Prime Minister Manmohan Singh and his visiting Nepali counterpart Baburam Bhattarai, on October 21, 2011, formalised the long pending Bilateral Investment Promotion and Protection Agreement (BIPPA), which commits one State to providing compensation to commercial entities, whose
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country of origin is the other and applies particularly in cases of
(1) Wars
(2) National emergency
(3) Armed conflict
(4) All of the above
23. With reference to the Bilateral Investment Promotion and Protection Agreement (BIPPA) between India and Nepal which was signed in New Delhi in October 2011, which of the fol lowing is/are its important provisions?
(1) Investments from either country in the territory of the other country are to be accorded 'National Treatment' and 'Most Favoured Nation' treatment.
(2) It provides for elaborate dispute resolution mechanisms between investors and the government concerned, and between governments, including international arbitration.
(3) Both (1) and (2)
(4) None of these
24. The Union Cabinet on October 25, 2011, approved a proposal to increase India's contribution to the International Monetary Fund (IMF) to make it one of the largest shareholders in the multilateral lending agency. What is its rank among the largest shareholders after this approval?
(1) Third
(2) Fifth
(3) Eighth
(4) Tenth
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