Teaching Business Studies International Trade Question Bank MCQ - Trade

  • question_answer
    Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.
    Statement I A specific import license allows imports from any country.
    Statement II A general import license allows imports from particular country only.
    Codes

    A)                                  Both Statements are correct

    B)                     Both Statements .are incorrect

    C)  Statement I is correct, but Statement II is incorrect

    D)                     Statement I is incorrect, but Statement II is correct

    Correct Answer: B


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