Challenges in Nepal's Foreign Trade

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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?

Independence and security Signup and view all the answers

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

Nonalignment policy Signup and view all the answers

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

Pursuit and protection of economic interests Signup and view all the answers

What is the definition of import trade?

When a trader in home country purchases goods from another country Signup and view all the answers

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

Entrepot Trade Signup and view all the answers

Who are Nepal's main trading partners?

India, China, Bangladesh, USA Signup and view all the answers

What are the main products that Nepal exports?

Clothing, carpets, handicrafts, leather and jute products, vegetables and cereals Signup and view all the answers

When did Nepal adopt a liberal trade policy?

1992 Signup and view all the answers

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

Becoming a WTO member in 2004 Signup and view all the answers

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

Limited economic activities Signup and view all the answers

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

Low-quality raw materials Signup and view all the answers

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

Low cost of production Signup and view all the answers

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

Having low capital formation Signup and view all the answers

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

Advanced technologies Signup and view all the answers

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

Exporting low-quality goods Signup and view all the answers

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

Hosting the UN Regional Centre for peace and disarmament Signup and view all the answers

When did Nepal join the UN?

14 December 1955 Signup and view all the answers

What has Nepal been actively involved in at the UN?

Peacekeeping operations Signup and view all the answers

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

Support for general and complete disarmament Signup and view all the answers

How does the world community perceive Nepal's peacekeepers?

Highly efficient and honest Signup and view all the answers

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

Establishing peace zones worldwide for world peace Signup and view all the answers

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

It should be made more representative and transparent Signup and view all the answers

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

Biological and chemical weapons Signup and view all the answers

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

Supported UN decisions and resolutions Signup and view all the answers

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

UN Regional Centre for Peace and Disarmament in Asia and the Pacific Signup and view all the answers

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

Calls for protection and promotion of human rights Signup and view all the answers

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

Protection of their rights Signup and view all the answers