Challenges in Nepal's Foreign Trade

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Questions and Answers

What is the Ministry of Foreign Affairs (MOFA) responsible for?

  • Conducting foreign relations of Nepal (correct)
  • Regulating trade within Nepal
  • Handling internal security of Nepal
  • Managing domestic policies of Nepal

Which organization does Nepal have a long-lasting faith in according to the text?

  • United Nations (correct)
  • SAARC
  • World Bank
  • World Trade Organization

What are the two basic principles guiding the foreign policy of Nepal according to the text?

  • Territorial expansion and economic dominance
  • Pursuit of economic colonization and political power
  • Respect for territorial integrity and sovereignty, Non-interference in internal affairs (correct)
  • Interference in other countries' affairs and military intervention

What does foreign policy primarily aim to preserve according to the text?

<p>Independence and security (A)</p> Signup and view all the answers

Which policy does Nepal follow regarding alignment according to the text?

<p>Nonalignment policy (A)</p> Signup and view all the answers

What is the main focus of foreign policy in terms of economic interests?

<p>Pursuit and protection of economic interests (A)</p> Signup and view all the answers

What is the definition of import trade?

<p>When a trader in home country purchases goods from another country (B)</p> Signup and view all the answers

Which type of trade involves re-exporting processed imported goods?

<p>Entrepot Trade (D)</p> Signup and view all the answers

Who are Nepal's main trading partners?

<p>India, China, Bangladesh, USA (B)</p> Signup and view all the answers

What are the main products that Nepal exports?

<p>Clothing, carpets, handicrafts, leather and jute products, vegetables and cereals (C)</p> Signup and view all the answers

When did Nepal adopt a liberal trade policy?

<p>1992 (B)</p> Signup and view all the answers

What influenced Nepal's foreign trade towards a wide range of countries?

<p>Becoming a WTO member in 2004 (A)</p> Signup and view all the answers

What is one of the major problems of foreign trade in Nepal according to the text?

<p>Limited economic activities (D)</p> Signup and view all the answers

Which type of goods does Nepal mainly export based on the text?

<p>Low-quality raw materials (C)</p> Signup and view all the answers

What contributes to the inability of Nepali products to compete in international markets according to the text?

<p>Low cost of production (B)</p> Signup and view all the answers

Why does Nepal face a trade imbalance issue according to the text?

<p>Having low capital formation (D)</p> Signup and view all the answers

What does Nepal lack that hinders its ability to compete in international markets based on the text?

<p>Advanced technologies (C)</p> Signup and view all the answers

Which factor makes international trade more competitive according to the text?

<p>Exporting low-quality goods (C)</p> Signup and view all the answers

What is the main role of Nepal at the UN based on the text?

<p>Hosting the UN Regional Centre for peace and disarmament (C)</p> Signup and view all the answers

When did Nepal join the UN?

<p>14 December 1955 (B)</p> Signup and view all the answers

What has Nepal been actively involved in at the UN?

<p>Peacekeeping operations (A)</p> Signup and view all the answers

Which of the following best describes Nepal's stance on disarmament?

<p>Support for general and complete disarmament (B)</p> Signup and view all the answers

How does the world community perceive Nepal's peacekeepers?

<p>Highly efficient and honest (B)</p> Signup and view all the answers

What is Nepal's contribution to peace zones according to the text?

<p>Establishing peace zones worldwide for world peace (B)</p> Signup and view all the answers

What is Nepal's stance on the reformation of the UN Security Council?

<p>It should be made more representative and transparent (D)</p> Signup and view all the answers

Which type of weapons has Nepal been calling to be eliminated?

<p>Biological and chemical weapons (B)</p> Signup and view all the answers

What has Nepal done in support of peace and security according to the text?

<p>Supported UN decisions and resolutions (C)</p> Signup and view all the answers

Which organization has recognized Nepal for its active role in peace and disarmament?

<p>UN Regional Centre for Peace and Disarmament in Asia and the Pacific (A)</p> Signup and view all the answers

What is Nepal's position on human rights according to the text?

<p>Calls for protection and promotion of human rights (A)</p> Signup and view all the answers

In international forums, what has Nepal advocated for regarding small landlocked countries?

<p>Protection of their rights (C)</p> Signup and view all the answers

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