Canadian Trade Policies MCQs With Answer

What is the main objective of Canadian trade policies?
a) To maximize government revenue
b) To minimize imports and promote domestic industries
c) To promote international trade and economic growth
d) To establish currency exchange rates
Answer: c

Which international trade agreement eliminated tariffs between Canada, Mexico, and the United States?
a) NAFTA
b) WTO
c) CETA
d) TPP
Answer: a

What is the purpose of a trade embargo?
a) To promote free trade
b) To establish currency exchange rates
c) To restrict or prohibit trade with a particular country
d) To increase export subsidies
Answer: c

What is an example of a protectionist trade policy?
a) Export subsidies
b) Free trade agreements
c) Tariffs on imported goods
d) Trade liberalization
Answer: c

What is the goal of Canada’s trade diversification strategy?
a) To reduce international trade agreements
b) To promote trade with a wider range of countries beyond traditional partners
c) To increase import tariffs
d) To encourage domestic production for self-sufficiency
Answer: b

What is the purpose of the National Trade Corridors Fund in Canada?
a) To provide financial support to retirees
b) To fund international development projects
c) To improve the efficiency and capacity of transportation infrastructure
d) To offer tax credits to homeowners
Answer: c

What is the role of the Trade Commissioner Service (TCS) in Canada?
a) To regulate international trade
b) To provide financial support to exporters
c) To promote trade with a single country only
d) To offer tax breaks to corporations
Answer: b

What is the purpose of the Canadian Free Trade Agreement (CFTA)?
a) To restrict trade between provinces and territories
b) To promote trade with foreign countries
c) To facilitate trade and reduce barriers among provinces and territories
d) To increase import tariffs
Answer: c

What is the objective of Canada’s softwood lumber trade policy?
a) To impose tariffs on softwood lumber imports
b) To encourage free trade in softwood lumber
c) To regulate the quality of softwood lumber imports
d) To promote domestic production of softwood lumber
Answer: a

What is the purpose of the Canadian Trade and Investment Facility for Development (CTIF)?
a) To provide financial support to retirees
b) To fund international development projects
c) To promote trade and investment in developing countries
d) To regulate international trade
Answer: c

What is the goal of Canada’s foreign direct investment policies?
a) To restrict foreign investments in Canada
b) To encourage and attract foreign investments that benefit the Canadian economy
c) To promote trade barriers with foreign countries
d) To regulate international trade agreements
Answer: b

What is the purpose of the Agreement on Internal Trade (AIT) in Canada?
a) To promote international trade
b) To regulate the quality of imported goods
c) To facilitate trade and reduce barriers among provinces and territories
d) To impose tariffs on foreign imports
Answer: c

What is the role of Global Affairs Canada in Canadian trade policies?
a) To promote international tourism
b) To regulate domestic industries
c) To negotiate and implement international trade agreements
d) To offer tax breaks to corporations
Answer: c

What is the purpose of Canada’s trade remedy system?
a) To regulate domestic industries
b) To promote free trade with all countries
c) To protect Canadian industries from unfair trade practices and import surges
d) To increase import subsidies
Answer: c

What is the main objective of Canada’s agricultural trade policies?
a) To restrict agricultural exports
b) To promote international trade in agricultural products
c) To eliminate subsidies for domestic agriculture
d) To regulate international trade agreements
Answer: b

What is the purpose of the Canadian International Trade Tribunal (CITT)?
a) To regulate domestic industries
b) To promote international trade
c) To adjudicate trade-related disputes and conduct injury investigations
d) To impose tariffs on imported goods
Answer: c

What is the goal of the Canadian Agricultural Partnership?
a) To fund international development projects
b) To offer tax breaks to farmers
c) To promote sustainable agriculture and support the farming sector
d) To encourage agricultural exports
Answer: c

What is the purpose of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA)?
a) To restrict trade between Canada and the EU
b) To promote trade and investment between Canada and the EU
c) To regulate domestic industries
d) To impose tariffs on imported goods
Answer: b

What is the role of the Canadian Grain Commission in Canadian trade policies?
a) To regulate domestic industries
b) To promote trade in agricultural machinery
c) To regulate the quality and marketing of grain in Canada
d) To impose tariffs on imported grain
Answer: c

What is the purpose of the Foreign Credential Recognition Program in Canada?
a) To provide financial support to retirees
b) To fund international development projects
c) To promote international trade
d) To assist internationally trained individuals in having their credentials recognized in Canada
Answer: d

What is the goal of the Canada-Korea Free Trade Agreement (CKFTA)?
a) To restrict trade between Canada and Korea
b) To promote trade and investment between Canada and Korea
c) To regulate domestic industries
d) To impose tariffs on imported goods
Answer: b

What is the purpose of the Canadian Trade and Anti-dumping Tribunal?
a) To promote international trade
b) To regulate domestic industries
c) To impose tariffs on foreign imports
d) To adjudicate trade-related disputes and conduct anti-dumping investigations
Answer: d

What is the role of the World Trade Organization (WTO) in Canadian trade policies?
a) To regulate domestic industries
b) To promote international trade and resolve trade disputes
c) To offer tax breaks to corporations
d) To impose tariffs on foreign imports
Answer: b

What is the purpose of the Canadian Northern Economic Development Agency (CanNor)?
a) To promote economic development in the southern regions of Canada
b) To fund international development projects
c) To promote economic growth and development in Northern Canada
d) To regulate international trade
Answer: c

What is the goal of Canada’s trade policy with China?
a) To restrict trade with China
b) To promote trade and investment between Canada and China
c) To regulate domestic industries
d) To impose tariffs on Chinese imports
Answer: b

What is the purpose of the Canada-U.S. Softwood Lumber Agreement?
a) To regulate domestic industries
b) To promote free trade in softwood lumber between Canada and the U.S.
c) To restrict softwood lumber exports from Canada to the U.S.
d) To fund international development projects
Answer: c

What is the role of the Canada Border Services Agency (CBSA) in trade policies?
a) To regulate domestic industries
b) To promote international trade
c) To impose tariffs on imported goods
d) To ensure the security and compliance of trade and travel at the Canadian border
Answer: d

What is the purpose of the Canadian International Trade Tribunal (CITT)?
a) To promote international trade
b) To regulate domestic industries
c) To impose tariffs on imported goods
d) To adjudicate trade-related disputes and conduct injury investigations
Answer: d

What is the goal of the Canadian Trade Facilitation Office Canada (TFO Canada)?
a) To promote international trade
b) To offer tax breaks to corporations
c) To regulate domestic industries
d) To provide Canadian exporters with trade information and assistance for market access in developing countries
Answer: a

What is the purpose of Canada’s trade remedy system?
a) To regulate domestic industries
b) To promote free trade with all countries
c) To protect Canadian industries from unfair trade practices and import surges
d) To increase import subsidies
Answer: c

What is the main goal of Canada’s trade agreements with Indigenous peoples?
a) To restrict trade on Indigenous lands
b) To promote economic development and self-sufficiency for Indigenous communities
c) To regulate domestic industries
d) To impose tariffs on imported goods
Answer: b

What is the purpose of the Canadian Trade and Investment Facility for Development (CTIF)?
a) To provide financial support to retirees
b) To fund international development projects
c) To promote trade and investment in developing countries
d) To regulate international trade
Answer: c

What is the role of the Foreign Investment Promotion and Protection Agreements (FIPAs)?
a) To restrict foreign investments in Canada
b) To promote foreign investments that benefit both Canada and the investing country
c) To regulate domestic industries
d) To impose tariffs on foreign imports
Answer: b

What is the goal of Canada’s foreign direct investment policies?
a) To restrict foreign investments in Canada
b) To encourage and attract foreign investments that benefit the Canadian economy
c) To promote trade barriers with foreign countries
d) To regulate international trade agreements
Answer: b

What is the purpose of the Agreement on Internal Trade (AIT) in Canada?
a) To promote international trade
b) To regulate the quality of imported goods
c) To facilitate trade and reduce barriers among provinces and territories
d) To impose tariffs on foreign imports
Answer: c

What is the role of Global Affairs Canada in Canadian trade policies?
a) To promote international tourism
b) To regulate domestic industries
c) To negotiate and implement international trade agreements
d) To offer tax breaks to corporations
Answer: c

What is the purpose of Canada’s trade remedy system?
a) To regulate domestic industries
b) To promote free trade with all countries
c) To protect Canadian industries from unfair trade practices and import surges
d) To increase import subsidies
Answer: c

What is the main objective of Canada’s agricultural trade policies?
a) To restrict agricultural exports
b) To promote international trade in agricultural products
c) To eliminate subsidies for domestic agriculture
d) To regulate international trade agreements
Answer: b

What is the purpose of the Canadian International Trade Tribunal (CITT)?
a) To regulate domestic industries
b) To promote international trade
c) To impose tariffs on imported goods
d) To adjudicate trade-related disputes and conduct anti-dumping investigations
Answer: b

What is the purpose of the Canadian Agricultural Partnership?
a) To fund international development projects
b) To offer tax breaks to farmers
c) To promote sustainable agriculture and support the farming sector
d) To encourage agricultural exports
Answer: c

What is the goal of Canada’s trade policy with China?
a) To restrict trade with China
b) To promote trade and investment between Canada and China
c) To regulate domestic industries
d) To impose tariffs on Chinese imports
Answer: b

What is the purpose of the Canada-U.S. Softwood Lumber Agreement?
a) To regulate domestic industries
b) To promote free trade in softwood lumber between Canada and the U.S.
c) To restrict softwood lumber exports from Canada to the U.S.
d) To fund international development projects
Answer: c

What is the role of the Canada Border Services Agency (CBSA) in trade policies?
a) To regulate domestic industries
b) To promote international trade
c) To impose tariffs on imported goods
d) To ensure the security and compliance of trade and travel at the Canadian border
Answer: d

What is the purpose of the Canadian International Trade Tribunal (CITT)?
a) To promote international trade
b) To regulate domestic industries
c) To impose tariffs on imported goods
d) To adjudicate trade-related disputes and conduct injury investigations
Answer: d

What is the goal of the Canadian Trade Facilitation Office Canada (TFO Canada)?
a) To promote international trade
b) To offer tax breaks to corporations
c) To regulate domestic industries
d) To provide Canadian exporters with trade information and assistance for market access in developing countries
Answer: a

What is the purpose of Canada’s trade remedy system?
a) To regulate domestic industries
b) To promote free trade with all countries
c) To protect Canadian industries from unfair trade practices and import surges
d) To increase import subsidies
Answer: c

What is the main goal of Canada’s trade agreements with Indigenous peoples?
a) To restrict trade on Indigenous lands
b) To promote economic development and self-sufficiency for Indigenous communities
c) To regulate domestic industries
d) To impose tariffs on imported goods
Answer: b

What is the purpose of the Canadian Trade and Investment Facility for Development (CTIF)?
a) To provide financial support to retirees
b) To fund international development projects
c) To promote trade and investment in developing countries
d) To regulate international trade
Answer: c

What is the role of the Foreign Investment Promotion and Protection Agreements (FIPAs)?
a) To restrict foreign investments in Canada
b) To promote foreign investments that benefit both Canada and the investing country
c) To regulate domestic industries
d) To impose tariffs on foreign imports
Answer: b

What is the goal of Canada’s foreign direct investment policies?
a) To restrict foreign investments in Canada
b) To encourage and attract foreign investments that benefit the Canadian economy
c) To promote trade barriers with foreign countries
d) To regulate international trade agreements
Answer: b

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