91. The concept of “balance of trade” includes which of the following components?
a) Exports and imports of goods only
b) Exports and imports of goods and services
c) Exports and imports of services only
d) Government revenue and expenditure
92. Which of the following is an example of a non-tariff trade barrier?
a) Import duties
b) Export subsidies
c) Quotas
d) Trade missions
93. The concept of “trade promotion” refers to:
a) Restricting international trade to protect domestic industries
b) Promoting fair trade practices globally
c) Imposing import tariffs on foreign goods
d) Supporting and facilitating exports and imports
94. The World Trade Organization (WTO) provides a platform for its members to negotiate and enforce trade agreements through:
a) Ministerial conferences
b) General Assembly meetings
c) Regional summits
d) Bilateral trade agreements
95. Which of the following is an example of a trade-related institution?
a) International Monetary Fund (IMF)
b) World Bank
c) World Trade Organization (WTO)
d) United Nations (UN)
