TNSET 2024 Paper 2 Commerce Question Paper (06-Mar-2025) Shift 2

Question 1

Which one of the following non-tariff barrier is designed to protect domestic industries by imposing additional charges on imported goods that are priced below the cost of production ?

Accepted Answer

Anti-dumping duties

Answer

Quotas

Answer

Embargoes

Answer

Technical barrriers to trade

Question 2

Fill in the blank"The member countries of WTO have moved to product patent regime under the __________ to meet their obligations under the seven areas covered by the __________ agreement".

Accepted Answer

TRIPS Agreement

Answer

TRIMS Agreement

Answer

GATT Agreement

Answer

Regional Trade Agreement

Question 3

Match the List-I and List-ll regarding International business theories with developers:

List I	List II
(i) Absolute Cost Advantage theory	(a) Raymond Xernon
(ii) Comparative Cost Advantage theory	(b) Adam Smith
(iii) Factor Endowment theory	(c) David Recardo
(iv) Product Life cycle theory	(d) Eli Heckscher

Accepted Answer

(ii)-(a), (i) - (b), (iii) - (c), (iv) - (d)

Answer

(ii)-(a), (iii) - (b), (iv) - (c), (i) - (d)

Answer

(ii)-(a), (i) - (b), (iv) - (c), (iii) - (d)

Answer

(iv) - (a), (ii) - (b), (i) - (c), (iii) - (d)

Question 4

IMF provides __________ assistance to correct the Balance of payment disequilibrium of member countries.

Accepted Answer

Short Term

Answer

Long Term

Answer

Mediam Term

Answer

None of the above

Question 5

What are the member countries of SAARC(South Asian Association for Regional Co-operation)?

Accepted Answer

Srilanka, India, Bhutan, Maldives, Nepal

Answer

Bangladesh, China, India, Pakistan, Maldives

Answer

India, Japan, Nepal, Pakistan, Afghanistan

Answer

Africa, Srilanka, Pakistan, India, Bhutan