International Trade Quiz

What was the main outcome of the Bretton Woods Conference in 1944?

• Creation of the World Trade Organization

• Introduction of the Euro

• Creation of the International Monetary Fund (IMF) and General Agreement on Tariffs and Trade (GATT)

• Creation of the European Union

Which of the following organizations enforces free trade globally?

• United Nations (UN)

• International Monetary Fund (IMF)

• World Trade Organization (WTO)

• World Bank

What significant trade milestone occurred in 1995?

• Introduction of the Euro

• Creation of the World Trade Organization

• Ratification of the Treaty of Rome

• Bretton Woods Conference

What is the main role of the Multimodal Transport Operator (MTO)?

• To act as an agent on behalf of the consignor

• To carry goods for a single mode of transport

• To enter into a multimodal transport contract and assume responsibility for the transport process

• To provide customs clearance services

What type of MTO does not operate its own vessels?

• VO-MTO

• NVO-MTO

• Carrier-MTO

• Agent-MTO

Which economic agreement was signed by 6 European countries to create the European Economic Community (EEC)?

• Treaty of Rome

• Maastricht Treaty

• Lisbon Treaty

• Bretton Woods Agreement

Which term refers to the delivery conditions and responsibilities in international trade?

• Terms of trade

• Incoterms

• Environmental pressure

• Free trade agreements

What are some of the pressures affecting modern supply chains?

• Globalization only

• Environmental pressure only

• Both environmental pressures and supply chain complexity

• Terms of trade only

Which is a key factor driving the demand for multimodal transport services?

• Complexity of supply chains

• Customs clearance procedures

• Creation of new trade unions

• Labor laws

Which year marked the creation of the Euro currency?

• 1992

• 2002

• 1957

• 1995