Question

Please solve the final answer for all following 10 multiple choice questions and no need for explanation, please solve them all, this is my last question for this subscription and can't post again, please HELP me!!

11) The General Agreement on Tariff and Trade (GATT) and World Trade Organization (WTO) are the two organizations that set rules and regulations pertinent to the world trade. Which statement is true?

                              a) The UAE became member of WTO in the year 1948

                              b) The UAE became member of WTO in the year 1996

                              c) The UAE became member of the GATT in the year 1948

12) What are the benefits of the he UAE free zones for the UAE economy?

                              a) they have been strongest pillars behind the country's economic performance,

                        b) they attract foreign investment, creating thousands of jobs, and help technology transfer

                              c) there is not as such a recognized benefit they are just there

                              d) a and b

13) Non-tariff trade barriers related to health and safety standards refer to one of the following. To which?

                              a) Quota

                              b) Tariff

                              c) Sanitary and phytosanitary standards

                              d) None of the above

14) Among the following, on which product dopes the UAE, apply or impose the highest import tariff?

                              a) electronic goods

                              b) vehicles

                              c) cigarettes and raw tobacco

                              d) food and agricultural products

15) The largest and the oldest Special Economic Zone of the UAE is

                              a) Dubai

                              b) Abu Dhabi

                              c) Jabel Ali Free Zone (JAFZ)

                              d) Dubai Airport Free Zone (DAFZ)

16) A business license in a UAE Free Trade Zone that is given to a manufacturing company in which the UAE/ GCC capital owner has a shareholding of 51% or more:

                              a) Industrial license

                              b) General trading license

                              c) National industrial license

                              d) Service license

17) According to the data and practice of the UAE tariff system on which category of imported products does UAE customs apply highest tariff rate:

                              a) first-stage processed products

                              b) fully processed products

                              c) semi-finished goods

18) Average tariff imposed by the UAE on imported goods and services is low. This reflects that a free, competitive and open trade policy is one of the main drivers behind the UAE's growth.

                              a) True

                              b) Not true, because tariff has nothing to do with UAE’s trade policy

                              c) This statement is not clear

19) According to the ‘single port of entry’ principle of the Gulf Cooperation Council countries, if goods are imported from China and enter the GCC territory through a port in Dubai in UAE and the same goods are transported to Oman through Muscat port, or KSA in Jeddah port how many times will these goods be subject to import tariff?

                              a) Three times only

                              b) One time only

                              c) Two times only

                              d) Not possible to know

20) In the UAE which order is correct about the tariff rate (from low to high tariff) imposed on imported goods?

                              a) Fully processed products, first-stage processed products, semi-finished goods,

                              b) First-stage processed products, fully processed products, semi-finished goods

                              c) First-stage processed products, semi-finished goods, fully processed products

                              d) No answer

Answer 1

11. b) The UAE became a member of WTO in the year 1996

12. d) a and b

13.c) Sanitary and phytosanitary standards

14.c) cigarettes and raw tobacco

15.c) Jebel Ali Free Zone (JAFZ)

16. a) Industrial license

17.a)  first-stage processed products

18. a) True

19. b) One time only

20.c) First-stage processed products, semi-finished goods, fully processed products