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GATT: Principles of the trading system + History and Development of World Trade Law + Basic pri Flashcards | StudBud
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GATT: Principles of the trading system + History and Development of World Trade Law + Basic pri
GATT: Principles of the trading system + History and Development of World Trade Law + Basic pri
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2nd Quiz(30 questions) GATT Principles of the trading system History
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Questions
30
Answers
1
Most-favored-nation treatment is equal treatment by extending same benefits granted to one State with another State.
False
True
2
What are the two elements of non-discrimination in international trade and investment relations? (Choose two)
Preferential treatment
National treatment
Most-favoured-nation treatment
preferential tariffs
3
How can we achieve the trade liberalization? (Choose two)
Technology Transfer
Reduction of Tariffs
Elimination of Non-Tariff Barriers
Sustainable Development
4
States are NOT free to choose their own economic and social system
False
True
5
Which one CAN be included as a new challenge for the current WTO system?(choose all)
Above All
progressive liberalization of markets for services
more support for the least developed countries
resolution of intellectual property controversies
measures of environmental protection
6
The GATT has been the cornerstone of the world trade system.
False
True
7
When was the Atlantic Charter adopted?
1941
1943
1939
1945
8
MFN and National treatment can be categorized as Trade without discrimination
False
True
9
Which principle is stipulated in the art. I:1 in the GATT?
Marks of Origin
National Treatment
Most-Favoured-Nation Treatment
Freedom of Transit
10
Which one is NOT decided under the Uruguay Round?
Dispute Settlement Understanding(DSU)
GATT 1994
GATT 1947
Agreement on Intellectual Property Rights(TRIPS)
Agreement on Trade-related Investment Measures(TRIMS)
General Agreement on Trade in Services(GATS)
11
Which is NOT included as Favorable Conditions for Developing Countries in modern international economic law?
Technology transfer
Preferential tariffs
general treaty obligations
Preferential treatment
12
Which countries are the creator for the Atlantic Charter?
France and Germany
Cambodia and Vietnam
United States and United Kingdom
North and South Korea
13
Which of the following cannot be included in the basic principles of the international economic order?
State autonomy over economic choices
Respect for Human Rights
discrimination
Trade Liberalization
Fair Treatment of Foreign Investors
Sustainable Development
14
MFN treatment applies not only to the "like" products but also to the "different" products.
False
True
15
The trade-related agreements are covering a wide range of activities. Which can NOT be included in these activities?
textiles and cloting
Agriculture
government purchases
drug trafficking
banking
intellectual property
16
Under which negotiation round we have decided to establish the WTO?
Doha Round
Uruguay Round
Tokyo Round
Geneva Round
17
What was NOT discussed in the Bretton Woods Conference in 1944?
IBRD
IMF
ITO
WTO
18
Which one CAN NOT be the fundamental principles of the GATT?
the principle of reciprocity
the principle of discrimination
the principle of liberalization
the principle of non-discrimination
19
Select the principles of the world trading system
predictability: through binding and transparency
most-favoured nation and national treatment
All the above
Encouraging development and economic reform
promoting fair competition
freer trade: through negotiations
20
The elimination of discrimination plays a fundamental role in international trade and investment relations.
True
False
21
GSP in the GATT means "Generalized System of Preferences."
True
False
22
Since GATT's creation in 1947-48, there have been ( ) rounds of trade negotiations completed.
Seven
Six
Eight
Five
23
Most-favored-nation treatment can be defined as;
treating other nations equally
treating foreigners and nationals equally
24
Currently, what round of trade negotiations is underway?
Doha round
Uruguay round
Tokyo round
Geneva round
25
When did we finish the Second World War?
1940
1950
1935
1945
26
The modern international economic order aims at the liberalization of transboundary economic transactions.
True
False
27
Under which trade round did we adopt the agenda for future negotiations?
Doha Round
Tokyo Round
Torquay Round
Geneva Round
28
National treatment can be defined as;
treating foreigners and nationals equally
treating other nations equally
29
In order to eliminate trade barriers, GATT has conducted a series of negotiation rounds?
True
False
30
Which one can be included as exceptions to MFN treatment?(multiple)
Customs unions
Free-trade areas
Preferences for developed countries
Preferences for developing countries
