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Tariff Management 7 Top 1-2

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The main reason of the World Trade Organization (WTO) in conducting meetings and negotiations between nations at a global or near-global level is to have standard and set rules on this field.

a)

Arts

b)

Economy

c)

Financial

d)

Trade

2.

The bulk of the WTO’s current work comes from year 1986 to 1994 negotiations and earlier negotiations under the General Agreement on Tariffs and Trade (GATT). This is under what round of talks?

a)

Annecy

b)

Geneva

c)

Torquay

d)

Uruguay

3.

The signing of the GATT in 1947 provided rules for world trade to handle trade of international economic cooperation. What is the initial objective?

a)

To create an International Trade Organization

b)

To organize different countries

c)

To build a strong partnership

d)

To improve the way of trade

4.

The Doha Development Agenda launched at the fourth WTO Ministerial Conference in Doha, Qatar, in November 2001 that also includes this agenda.

a)

Agriculture and services

b)

Intellectual property and services

c)

Agriculture and intellectual property

d)

Services and tariff

5.

This round of talk created new rules to deal with trade in services, intellectual property, and new procedures for dispute settlement.

a)

Annecy (1949)

b)

Geneva (1956)

c)

Torquay (1950-51)

d)

Uruguay Round (1986-1994)

6.

This is the  new rule for market access in agricultural products due to some agricultural import restrictions thru quotas and other non-tariff measures.

a)

Quota

b)

Reduction

c)

Restriction

d)

Tariff only

7.

A set of procedures for settling disputes prescribed as special treatment for developing countries to require governments  make their trade policies transparent.

a)

WTO’s agreements

b)

WTO’s proposals

c)

WTO’s signatures

d)

WTO’s trade rules

8.

This agreement was entered into force in 2017 to provide poor countries access to affordable medicines.

a)

WTO’s Anti-dumping

b)

WTO’s Intellectual Property Agreement

c)

WTO’s Safeguard

d)

WTO’s Trade in Services

9.

A government protection to creators in preventing others from using their inventions, designs or other creations and to use that right to negotiate payment in return for others using them.

a)

Anti-dumping

b)

Intellectual Property Rights

c)

Safeguard

d)

Trade in services

10.

A kind of subsidy where  the complaining country has to show that it has an adverse effect on their own market.

a)

Actionable subsidies

b)

Government subsidies

c)

Prohibited subsidies

d)

Red subsidies

11.

It  plays an important role in developing countries and in the transformation of centrally-planned economies to market economies by providing assistance to their own people.

a)

Anti-dumping

b)

General Agreements in Trade and Services

c)

Subsidies

d)

Trade Related Aspects of Intellectual Property Rights

12.

It is the only international agreement that describes intellectual property rights enforcement in detail, including rules for obtaining evidence, provisional measures, injunctions, damages and other penalties.

a)

Most Favored nations

b)

The GATS agreement

c)

The TRIPS agreement

d)

Trade Remedy Measures

13.

It is a subsidy that requires recipients to meet certain export targets to use domestic goods, it became  prohibited because it is designed to distort international trade and hurt other countries’ trade.

a)

Actionable subsidies

b)

Government subsidies

c)

Prohibited Subsidies

d)

Red subsidies

14.

It is an organization that deals with the rules of trade between nations at a global or near-global level.

a)

APEC

b)

ASEAN

c)

WTO

d)

GATT

15.

These are number of agreements deal with various bureaucratic or legal issues that could involve hindrances to trade. This are rules for the valuation of goods at customs pre-shipment inspection rules of origin investment measures.

a)

Import Licensing

b)

Marking requirements

c)

Non-tariff barriers

d)

Tariff barriers

16.

It is a calculations on the support made on agricultural sector on domestic policies that do have a direct effect on production and trade have to be cut back.

a)

Between nations support

b)

Bilateral Agreement

c)

Most Favored Nation Clause

d)

Total Aggregate measurement support

17.

It is a sign or a combination of signs used to distinguish the goods or services of one enterprise from another.

a)

Patent

b)

Copyrights

c)

Logo

d)

Trademark

18.

It is the margin of dumping where anti-dumping investigations ended immediately in cases where the authorities determine that this margin of dumping is insignificantly small.

a)

2%

b)

3%

c)

4%

d)

5%

19.

The company exports a product at a price lower than the price it normally charges on its own home market.

a)

Dumping

b)

Countervailing

c)

Safeguard

d)

Quota

20.

It is a subsidy  existed for five years applicable  to agricultural goods as well as industrial products except when this subsidies are exempted under the agriculture peace clause agreement  due to its expiration.

a)

Actionable Subsidies

b)

Non-Actionable Subsidies

c)

Government Subsidies

d)

Red Subsidies