Question : Formalised system of trading agreements with groups of countries is known as
Option 1: Trading blocks
Option 2: Trade ventures
Option 3: Trade partners
Option 4: Trade organisations
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Correct Answer: Trading blocks
Solution : The Correct Answer is Trading blocks
Trading blocs are merely associations of nations that set the rules for international commerce. An example of an intergovernmental agreement is a trade bloc, which is frequently a component of a regional intergovernmental organization. In a trade bloc, trade restrictions (such as tariffs and others) are reduced or removed among the participating states. These blocs promote trade and investment within their own regions, which helps the economy grow and develop
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Question : The exchange of commodities between two countries is referred as
Option 1: Balance of trade
Option 2: Bilateral trade
Option 3: Volume of trade
Option 4: Multilateral trade
Question : Programs that duplicate the functionality of one system on another system are known as
Option 1: emulators
Option 2: simulators
Option 3: evaluators
Option 4: PCB
Question : The World Trade Organisation (WTO) was earlier known as:
Option 1: GATT
Option 2: UNICEF
Option 3: UNCTAD
Option 4: FAO
Question : Growing agricultural crops between rows of planted trees is known as:
Option 1: Social forestry
Option 2: Jhum
Option 3: Taungya system
Option 4: Agro forestry
Question : Insider trading is related to:
Option 1: trade sector
Option 2: share market
Option 3: credit market
Option 4: horse racing
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