Q.No.

Question

Options

Answer

1. 2.9
2. 2.1
1.

India's share in world exports is:

3. 1.6

4. 1.3
5. 1. trade map.org
2. macmap.org
1.

Which databases will you require in order to note

the import duty:

3. wto.org

4. All the above

5. 1. NPND
2. OPOD
2.

Business Process Innovation plays a role in which

3. OPND
of the following export diversification:

4. NPOD
5. 1. trade map.org
2. macmap.org
2.

Which databases will you require in order to note

the bound rate of import duty:

3. wto.org

4. All the above

5. 3.

Usage of GDP is not required to estimate which of

1. TII
these indexes:

2. EPI
3. IPI
4. MPI
5. 1. NPND
2. OPOD
3.

Shifting from 6/8dgt HS to NTL plays a role in

which of the following export diversification:

3. OPND

4. NPOD
5. 1. RCA-TII-IPI-EPI
2. TDI-TII-IPI-RHI
4.

While selecting the right market for exports what is

3. RHI-TDI-IPI-TII
the correct sequence of indexes to be calculated:

4. TII-IPI-EPI-RCA
5. -

4.

1.

China with capital account of 34.78 USD bn

2.

USA with current account of 440.42 USD bn

As an exporter from India, which country seems to

Germany with current account
3.
be the best:
of 238.71USD bn
4.

Thailand with capital account of

-67.9USD bn

5. -

5.

As an investor from India, which country seems to

be the best:

1.

China with capital account of 34.78 USD bn

USA with current account of 2.

440.42 USD bn

3.

Germany with current account

of 238.71USD bn

4.

Thailand with capital account of

-67.9USD bn

5. 1. Place of Origin (GI)

2. Rules of origin
5.

What adds to comparative advantage of an

exporter:

3. Certificate of origin

4. None of the above

5. -

6.

Adani group is into exports of groundnuts from

India. The company wants to apply for a suitable
export promotion scheme to GOI to participate in
the trade fair. Which is the most appropriate
combination of the scheme and the target market
for the B2C trade fair:

1.

MDA for Japan with BOT in

Gnut as 45.78 USD million

2.

MAI for China with BOT in

Gnut as -30.87 USD million

3.

MDA for Chile with BOT in

Gnut as -14.34 USD million

4.

FMS for Latvia with BOT in

Gnut as 32.43 USD million

5. 1. Silk, Tobacco, Cotton, Plastics

6.

RCA values for different commodities exported

from India are given: Silk (38.9), Tobacco (32.6),
Cotton (19.7) and Plastics (56.8). In which order
would you pick these products for exports

2. Plastics, Silk, Tobacco, Cotton

3. Silk, Tobacco, Cotton, Plastics

4. Cannot say
5. 1. High risk for the target country

7.

A high RHI as well as high SHI indexes in the

target country would not mean

Trade opportunity for Indian

2. suppliers of primary goods to
2
target country
Trade opportunity for Indian
3. suppliers of value added good to
target country

4. All the above

5. 1. RCA and TII
2. EPI and IPI
7.

India's position in Global innovation index has

increased during last few years. Which of the
following is likely to see the impact:

3. IPI and RCA

4. MPI and TDI

5. Which amongst the following company's existing
export basket is most riskiest:
Company RHI SHI EPI
ITC

2. ITC

34.5 45.8 57.3

8.
Pro Agro 65.9 88
P&G

1. Pro Agro

87

22.8 12.3 10.7

Britannia 75.0 23.8 2.9

3. P&G

4. Britannia
5. 1. High RCA and High TII
2. High RCA and low TII

8.

Rules of origin will be an issue in which

combination

3. High MPI and High EPI

4. High MPI and low EPI

5. 1. Place of Origin (GI)
2. Rules of origin
9.

What adds to comparative advantage of an

exporter:

3. Certificate of origin
4. None of the above
5. -

1.

High TII and Low ROI with

same market

2. High RCA and low EPI

9.

Which one of these combination is not possible

3. High IPI and high EPI

4. All the above

5. 1. RCA-TII-IPI-EPI
2. TDI--TII-IPI-RHI
10.

While selecting the right market for exports what is

3. RHI-TDI-IPI-TII
the correct sequence of indexes to be calculated:

4. TII-IPI-EPI- RCA
5. -

10.

1. Basmati rice
Values of various Indexes for India in four sectors
are as follows: (i) Export Propensity Index for
2. Electronics
Electronics (10.23) (ii) Trade dependence Index for
cotton (54.32) (iii) Import penetration Index in
3. Cotton
Auto components (2.89) and Export Propensity
Index for Basmati Rice (15.21). Overall degree of
reliance of domestic producers on foreign mkts is 4. Auto Components
lowest in which sector?

5. 1. Morocco, USA, UK, Australia

11.

2. Australia, UK, USA, Morocco

TII values for wooden products commodities
exported from India to different markets are given:
USA (38.9), UK (32.6), Australia (19.7) and
3. UK, USA, Australia, Morocco
Morocco (56.8). In which order would you pick
these markets for exports:
4. Cannot say

5. 11.

Values of Regional Hishermann Index in various

countries are as follows: India (34.45), China

1. Japan, India, Korea China

(11.02), Korea (23.76), Japan (56.7). Organise them

2. Japan, Korea, China, India
in ascending order of risk in operating in few
number of markets (i.e lowest risk to highest risk)
3. China, Korea, India, Japan
4. China, India, Japan, Korea
5. 1. Indo Korea CEPA

12.

TII values for gems and jewelry in Korea is as

below. What could be the reason?
2008 2009
2010
2011
2012
3.4

3.5

14.9

15.2

2. REACH regulation
3. FMS

15.9
4. All of the above
5. 1. High risk for the target country

12.

A high RHI as well as high SHI indexes in the

target country would not mean

Trade opportunity for Indian

2. suppliers of primary goods to
target country
Trade opportunity for Indian
2
3. suppliers of value added good to
target country
4. All the above
5. 1. High RCA and High TII
2. High RCA and low TII

13.

Rules of origin will be an issue in which

combination:

3. High MPI and High EPI

4. High MPI and low EPI

5. -

13.

Suitable time to enter any foreign market can be

checked through:

1. Trade Intensity Index

4
2. Marginal propensity to import

3. Import penetration Index

4. Any of the above
5. 1. Export Propensity index

14.

2. Nominal Protection Co-efficient

Government of India adds Pharmaceutical sector in
its current list of Focus Product Scheme under new
1
Foreign Trade Policy. Impact of this announcement 3. Relative Competitive Advantage
can be seen on which Index:
4. Trade Intensity Index
5. 1.

High TII and Low ROI with

same market

2. High RCA and low EPI

14.

Which one of these combinations is not possible

3. High IPI and high EPI

4. All the above

5. 1. Customs Union

15.

Botswana, Lesotho, Namibia, South Africa and

Swaziland together form a group which has an
impact on the route an Indian exporter can choose
to any of these markets. Which form of agreement
is it?

2. Common market
3. PTA

4. Economic Union
5. -

15.

Values of various Indexes for India in four sectors 1. Basmati rice

are as follows: (i) Export Propensity Index for
Electronics (10.23) (ii) Trade dependence Index for
2. Electronics
cotton (54.32) (iii) Import penetration Index in
Auto components (2.89) and Export Propensity
Index for Basmati Rice (15.21). Overall degree of 3. Cotton

reliance of domestic producers on foreign mkts is

lowest in which sector?

4. Auto Components
5. -

16.

Indian exporter wants to target his exports to

ASEAN market but has got limited shipment space 1. Rubber-Leather-Silk-Chemical
each time he plans to send his consignment. In such
a scenario, he needs to priotise his shipment. On the 2. Silk-Rubber-Chemical-Leather
basis of the information on Indo-ASEAN FTA
below; what will be your suggestion?
3. Chemical-Silk-Rubber-Leather
Commodity
Status in FTA
Rubber

E-5

Leather

Negative list

Silk

Sensitive list

Chemical

4. Silk-Leather-Chemical-Rubber
5. -

E-8
1. Indo Korea CEPA

16.

TII values for Indian textiles in EU is as below.

What could be the reason?
2008 2009 2010 2011 2012
34.5 38.9 45.3 5.2

2. REACH regulation
3. FMS

3.9
4. All of the above
5. 1. Trade Intensity Index
2. Marginal propensity to import

17.

Suitable time to enter any foreign market can be

checked through:

3. Import penetration Index

4. Any of the above

5. -

17.

This exporter also wants to explore Japanese

market. Bound rates and Applied rates for different 1. Electronics-Agro-Chemical
products in Japanese market in given below:
2. Chemical-Agro-Electronics
Bound
Applied
Commodity
Rate of duty Rate of duty
3. Agro-Chemical-Electronics
Electronics
100
100
Agro

100

70

Chemical

100

25

4. Agro-Electronics-Chemical

Assuming that he has again got limited shipment

space in which case he needs to priotise his
shipment. On the basis of the information below
what will be your suggestion?

5. -

1. Agro
2. Chemical
18.

In situation explained in Q9, the exporter faces

minimum risk in exporting which commodity to
Japan

3. Electronics

4. Risk is same
5. 1. Export Propensity index

18.

2. Nominal Protection Co-efficient

Government of India adds Pharmaceutical sector in
its current list of Focus Product Scheme under new
1
Foreign Trade Policy. Impact of this announcement 3. Relative Competitive Advantage
can be seen on which Index:
4. Trade Intensity Index
5. 1. G-10
2. G-20

19.

India is not a part of which country grouping?

3. G-4

4. G-5
5. 1. Customs Union

19.

Barbodos, Jamaica, Guyanai and Belize forms a

2. Common market
group which has an impact on the expansion plan
for an Indian exporter. Which form of agreement is
3. PTA
it?
4. Economic Union

5. -

20.

Indian exporter wants to target his exports to

ASEAN market but has got limited shipment space 1. Rubber-Leather-Silk-Chemical
each time he plans to send his consignment. In such
a scenario, he needs to priotise his shipment. On the 2. Silk-Rubber-Chemical-Leather
basis of the information on Indo-ASEAN FTA
below; what will be your suggestion?
3. Chemical-Silk-Rubber-Leather
Commodity Status in FTA
Rubber

E-5

Leather

Negative list

Silk

Sensitive list

Chemical

E-8

4. Silk-Leather-Chemical-Rubber

5. -

Regional
FTA
Orientation
1.
Index
APTA 1.2
Regional
Orientation
2. FTA
Index
BIMSTEC 2.3
20.

As per the data given below which FTA is

beneficial for Indian Marine exporter targeting
Thailand market:
3.

FTA

Regional
Orientation
Index

Indo3.2
Mercosur
Regional
Orientation
Index
ASEAN 0.9

4. FTA

5. -

21.

High RCA - high TII - high

1. regional orientation index - Roo
Which one the following is the right combination
(40%)
for the product-market identification under an FTA:
1
Rising RCA - low TII - low
(ROO stands for rules of origin)
2. regional orientation index - Roo
(45%)

Rising RCA - decreasing TII 3. low regional orientation index Roo (45%)
Rising RCA - increasing TII 4. high regional orientation index Roo (40%)
5. This exporter also wants to explore Japanese
Electronics-Agro-Chemical
market. Bound rates and Applied rates for different 1. Chemical-Agro-Electronics
products in Japanese market in given below:
2. Agro-Chemical-Electronics
Bound Rate of Applied Rate of
Commodity
duty
duty
3. Agro-Electronics-Chemical
Electronics 100
100
21.

Agro

100

70

Chemical

100

25

Assuming that he has again got limited shipment

space in which case he needs to priotise his
shipment. On the basis of the information below
what will be your suggestion?

4. -

5. -

1. Agriculture
2. Drugs & Pharmaceuticals
22.

Which amongst the following is not identified as

thrust sector under Indias Foreign Trade policy :

3. Gems and Jewelry

4. Leather and Foot wear

5. 1. Agro
2. Chemical
22.

In situation explained in Q9, the exporter faces

minimum risk in exporting which commodity to
Japan

3. Electronics

4. Risk is same
5. 23.

India is not a part of which country grouping?

1. G-10

2. G-20
3. G-4
4. G-5
5. 1. 25 lacs-5 Crore
2. less than 5 crores
23.

The limit for Small enterprises in manufacturing

sector is:

3. between 5-10 crores

4. less than 25 lacs

5. 1. Number of people employed
2. Annual turn over
24.

SMEs in India are defined on the basis of:

3.

Investment in plant and

machinery

4. Firm size
5. As per the data given below which FTA is
beneficial for Indian Marine exporter targeting
Thailand market:
Sl
Regional Orientation
FTA
no
Index
24.

a.

APTA

1.2

b.

BIMSTEC

2.3

c.

IndoMercosur

3.2

d.

ASEAN

0.9

1. a
2. b
3. c

4. d

5. -

25.

MDA (Marketing Development Assistance) is

1. CIS
granted to the exporters through the Export
Promotion Councils for participation in trade fairs,
buyers- sellers meet, conducting Export Promotion 2. AFRICA

seminars etc. Which of the following group of

nations is this assistance not available for

3.

LATIN AMERICAN
COUNTRIES (LAC)

4. NAFTA
5. -

25.

NTM% of 50% means

1.

All tariff lines are facing that

NTM

2.

Exporters can export 50% of

FOB to that market

Exporter can export 50% of

4
their total exports to that market
Exporters can export any 4 out
4. of 8 tariff lines without the
mentioned NTM
3.

5. 1. 01-24
2. 50-63
26.

HS code for agro products at two digit level ranges

3. 64-64
from

4. 30-31
5. 1. Agriculture
2. Drugs & Pharmaceuticals
26.

Which amongst the following is not identified as

thrust sector under India's Foreign Trade policy :

3. Gems and Jewelry

4. Leather and Foot wear

5. 1. Technology products
27.

TUFS scheme is applicable to which sector

2. Toys
3. Textiles

4. Tractors and farm equipments

5. 1. 25 lacs-5 Crore
2. less than 5 crores
27.

The limit for Small enterprises in manufacturing

sector is:

3. between 5-10 crores

4. less than 25 lacs

5. 1. Village gram udyog
2. Small scale industries
28.

VKGUY is applicable to which sector:

3. Krishi Vigyan Kendras

4. Agriculture
5. 1. Number of people employed
2. Annual turn over
28.

SMEs in India are defined on the basis of:

3.

Investment in plant and

machinery

4. Firm size
5. 1. Cayman island
2. Austria
29.

Select the odd one out in context of inclusions in

FMS scheme in 2013

3. Latvia
4. Bulgaria
5. -

1. Argentina
2. Lithunia
29.

Select the odd one out in context of inclusions in

FMS scheme in 2013

3. Latvia

4. Bulgaria
5. 1. CECA

30.

2. CEPA
Issues like Government procurement, IPRs, GIs,
MRAs, Air services agreement are a form of which 3. FTA
agreement?

4. CECPA
5. -

30.

High RCA - high TII - high

1. regional orientation index - Roo
(40%)
Rising RCA - low TII - low
2. regional orientation index - Roo
(45%)
Which one the following is the right combination
Rising RCA - decreasing TII - 4
for the product-market identification under an FTA:
3.
low
regional orientation index (ROO stands for rules of origin)
Roo (45%)
Rising RCA - increasing TII 4. high regional orientation index Roo (40%)
5. 1. 2. -

31.

3. 4. 5. -

1. 2. 31.

3. -

4. 5. -

Q.No. Question

Options

Answer

1. 2.9
2. 2.1
1.

India's share in world exports is:

3. 1.6

4. 1.3
5. 1. trade map.org
2. macmap.org
2.

Which databases will you require in

order to note the bound rate of import
duty:

3. wto.org

4. All the above

5. 1. NPND
2. OPOD
3.

Shifting from 6/8dgt HS to NTL plays a

role in which of the following export
3. OPND
diversification:
4. NPOD
5. -

4.

As an exporter from India, which

country seems to be the best:

1.

China with capital account of -34.78

USD bn

2.

USA with current account of -440.42

USD bn

3.

Germany with current account of

238.71USD bn

4.

Thailand with capital account of 67.9USD bn

5. -

5.

As an investor from India, which

country seems to be the best:

1.

China with capital account of -34.78

USD bn

2.

USA with current account of -440.42

USD bn

3.

Germany with current account of

238.71USD bn

4.

Thailand with capital account of 67.9USD bn

5. 1.

6.

MDA for Japan with BOT in Gnut as

45.78 USD million

Adani group is into exports of

MAI for China with BOT in Gnut as groundnuts from India. The company
2.
30.87 USD million
wants to apply for a suitable export
promotion scheme to GOI to participate
MDA for Chile with BOT in Gnut as 3.
in the trade fair. Which is the most
14.34 USD million
appropriate combination of the scheme
and the target market for the B2C trade 4. FMS for Latvia with BOT in Gnut as
32.43 USD million
fair:

5. 1. RCA and TII

7.

2. EPI and IPI

India's position in Global innovation
index has increased during last few
years. Which of the following is likely to 3. IPI and RCA
see the impact:
4. MPI and TDI

5. 8.

1. Pro Agro

Which amongst the following

company's existing export basket is most 2. ITC
riskiest:
3. P&G
Company RHI SHI EPI
ITC

34.5 45.8 57.3

4. Britannia

Pro Agro 65.9 88

P&G

87

22.8 12.3 10.7

5. -

Britannia 75.0 23.8 2.9

1. Place of Origin (GI)
2. Rules of origin
9.

What adds to comparative advantage of

3. Certificate of origin
an exporter:

4. None of the above

5. 1. RCA-TII-IPI-EPI
2. TDI--TII-IPI-RHI
10.

While selecting the right market for

exports what is the correct sequence of
indexes to be calculated:

3. RHI-TDI-IPI-TII

4. TII-IPI-EPI- RCA
5. 1. Morocco, USA, UK, Australia

11.

TII values for wooden products

2. Australia, UK, USA, Morocco
commodities exported from India to
different markets are given: USA (38.9),
UK (32.6), Australia (19.7) and Morocco 3. UK, USA, Australia, Morocco
(56.8). In which order would you pick
these markets for exports:
4. Cannot say

5. -

12.

A high RHI as well as high SHI indexes

in the target country would not mean

1. High risk for the target country

Trade opportunity for Indian suppliers of
2.
primary goods to target country

3.

Trade opportunity for Indian suppliers of

value added good to target country

4. All the above

5. 1. High RCA and High TII
2. High RCA and low TII
13.

Rules of origin will be an issue in which

3. High MPI and High EPI
combination:

4. High MPI and low EPI

5. 1. High TII and Low ROI with same market
2. High RCA and low EPI
14.

Which one of these combinations is not

3. High IPI and high EPI
possible

4. All the above

5. -

15.

16.

Values of various Indexes for India in

four sectors are as follows: (i) Export
Propensity Index for Electronics (10.23)
(ii) Trade dependence Index for cotton
(54.32) (iii) Import penetration Index in
Auto components (2.89) and Export
Propensity Index for Basmati Rice
(15.21). Overall degree of reliance of
domestic producers on foreign mkts is
lowest in which sector?

1. Basmati rice
2. Electronics
3. Cotton
4. Auto Components
5. -

TII values for Indian textiles in EU is as 1. Indo Korea CEPA

below. What could be the reason?
2. REACH regulation
2008 2009 2010 2011 2012
34.5 38.9 45.3 5.2

3.9

3. FMS

4. All of the above

5. 1. Trade Intensity Index
2. Marginal propensity to import
17.

Suitable time to enter any foreign

market can be checked through:

3. Import penetration Index

4. Any of the above

5. 1. Export Propensity index

18.

Government of India adds

Pharmaceutical sector in its current list
of Focus Product Scheme under new
Foreign Trade Policy. Impact of this
announcement can be seen on which
Index:

2. Nominal Protection Co-efficient

3. Relative Competitive Advantage

4. Trade Intensity Index

5. 1. Customs Union

19.

2. Common market
Barbodos, Jamaica, Guyanai and Belize
forms a group which has an impact on
3. PTA
the expansion plan for an Indian
exporter. Which form of agreement is it?
4. Economic Union

5. -

20.

Indian exporter wants to target his

exports to ASEAN market but has got
limited shipment space each time he
plans to send his consignment. In such a
scenario, he needs to priotise his
shipment. On the basis of the
information on Indo-ASEAN FTA
below; what will be your suggestion?
Commodity Status in FTA
Rubber

E-5

1. Rubber-Leather-Silk-Chemical
2. Silk-Rubber-Chemical-Leather
3. Chemical-Silk-Rubber-Leather
4. Silk-Leather-Chemical-Rubber
5. -

Leather

Negative list

Silk

Sensitive list

Chemical

E-8

This exporter also wants to explore

Electronics-Agro-Chemical
1.
Japanese market. Bound rates and
Chemical-Agro-Electronics
Applied rates for different products in
Japanese market in given below:
2. Agro-Chemical-Electronics
Bound
Applied
Commodity Rate of
Rate of duty 3. Agro-Electronics-Chemical
duty
21.

Electronics 100

100

Agro

100

70

Chemical

100

25

4. 1

Assuming that he has again got limited 5. shipment space in which case he needs to
priotise his shipment. On the basis of the
information below what will be your
suggestion?
1. Agro
2. Chemical
22.

In situation explained in Q9, the

exporter faces minimum risk in
exporting which commodity to Japan

3. Electronics

4. Risk is same
5. 1. G-10
2. G-20
23.

India is not a part of which country

grouping?

3. G-4

4. G-5
5. 24.

1. a

As per the data given below which FTA

is beneficial for Indian Marine exporter 2. b
targeting Thailand market:
3. c
Sl
Regional
FTA
no
Orientation Index
4. d
a. APTA
1.2
b.

BIMSTEC

2.3

c.

IndoMercosur

3.2

d.

ASEAN

0.9

5. -

1. All tariff lines are facing that NTM

25.

NTM% of 50% means

2.

Exporters can export 50% of FOB to that

market

3.

Exporter can export 50% of their total

exports to that market

4.

Exporters can export any 4 out of 8 tariff

lines without the mentioned NTM

5. 1. Agriculture
2. Drugs & Pharmaceuticals
26.

Which amongst the following is not

identified as thrust sector under India's
Foreign Trade policy :

3. Gems and Jewelry

4. Leather and Foot wear

5. 1. 25 lacs-5 Crore
2. less than 5 crores
27.

The limit for Small enterprises in

manufacturing sector is:

3. between 5-10 crores

4. less than 25 lacs

5. 28.

SMEs in India are defined on the basis

of:

1. Number of people employed

2. Annual turn over

3. Investment in plant and machinery
4. Firm size
5. 1. Cayman island
2. Austria
29.

Select the odd one out in context of

inclusions in FMS scheme in 2013

3. Latvia

4. Bulgaria
5. -

30.

Which one the following is the right

combination for the product-market
identification under an FTA: (ROO
stands for rules of origin)

1.

High RCA - high TII - high regional

orientation index - Roo (40%)

2.

Rising RCA - low TII - low regional

orientation index - Roo (45%)

3.

Rising RCA - decreasing TII - low

regional orientation index - Roo (45%)

4.

Rising RCA - increasing TII - high

regional orientation index - Roo (40%)

5. 1. 2. 31.

3. 4. 5. -