WorksheetsWTO and RTA
Total questions: 10
Worksheet time: 6mins
Name
Class
Date
1.
The WTO was created
a)
In Bretton Woods (1944)
b)
In Havana (1947)
c)
In Geneva (1947)
d)
In Marakesh (in 1994, as a conclusion of Uruguay round of GATT negotiations)
2.
The General Agreement on Tariffs and Trade (GATT)
a)
Was dissolved as the WTO was created
b)
Was incorporated as a part of legal basis of the WTO
c)
Exists in parallel with WTO
d)
Changed it name into GATS
3.
The Most Favoured Nation (MFN) clause means in principle that
a)
Imported goods cannot be treated worse than analogical goods produced at home
b)
A country cannot discriminate between countries enjoying MFN (WTO members)
c)
The imported goods should be cheaper (0% tax rate)
d)
A country must decrease tariffs if other countries decrease them as well
4.
The idea that imported and locally produced goods should be treated equally is called
a)
Most favoured nation clause
b)
Consolidation principle
c)
MFN exception
d)
National clause
5.
Which of the following is not an exception from the Most favoured nation (MFN) clause
a)
National treatment
b)
Anti-dumping
actions and countervailing measures
c)
General
System of Preferences (GSP)
d)
Regional Trade Arrangements
6.
The representants of each WTO members working permanently at the WTO headquarters never form the following decision-making body
a)
The General Council
b)
The Dispute Settlement Body
c)
The Trade Policy Review Body
d)
The Ministerial Conference
7.
In general, the lowest tariffs (effective, trade weighted) characterize
a)
BRICS countries
b)
The most developed countries
c)
The least developed countries
d)
All countries have equal tariffs
8.
Which WTO member which is not a party to any regional trade arrangement?
a)
Mongolia
b)
North Korea
c)
South Korea
d)
None
9.
Which of the following is the most advanced form of economic integration
a)
Free Trade Area
b)
Customs Union
c)
Common Market
d)
Economic Union
10.
Which of the following is the most frequent form of economic integration
a)
Free Trade Area
b)
Customs Union
c)
Common Market
d)
Economic Union
100 %
