Question

Question 22

What has helped the UAE to attract foreign capital investment in to the country?

		a) Investment opportunities in the country
		b) The expansion of Free Trade Zones in UAE
		c) Developed infrastructure and legal procedures that makes doing business easy
		d) All of the above are good reasons

Question 23

The GCC (Gulf Cooperation Council) to which the UAE is a member is an example of:

		a) an Economic and Monetary Union
		b) a Common Market
		c) a Customs and Monetary union
		d) a Free Trade Area (FTA) that has advanced to a customs union level
		e) all of the above form of PTA

Question 25

Which situation of international agricultural and food trade is not a favorable situation for the food import-dependent countries like the UAE?

		a) A rising price of food and agricultural products
		b) Agricultural subsidy in the industrialized countries like Europe and the USA and its impact on global agricultural trade
		c) High import and export tariff and other traded barriers on food and agricultural products
		d) All of the above

Question 26

In January 2019, the price of a Nissan Patrol car model 2018 in Japan was 5,000,000 Japanese Yen (¥). In mid-January, the average exchange rate of UAE Dirham to Japanese Yen was 1AED/ ¥29.47334. How much was the price of the Nissan Patrol car model 2018 in UAE in January 2019?

		a) 147,366,700 AED
		b) 169,654 AED
		c) 200,000 AED
		d) No answer is given

Answer 1

22

All of the above are good reasons

UAE has managed to attract considerable amount of foreign capital due to its relaxed nature of business opportunities, multiple FTZ and different types of investment opportunities. Thus all three reasons are good reasons.

23

An economic and monetary union

GCC began as a common market between the nations but in 2009 the countries signed agreement to become a monetary union as well. This makes them an economic and monetary union.

25

All of the above

Rising price of food, agricultural subsidy and high import export tariff on food products makes the cost of import higher for a country like UAE. Thus all the above options are not favorable.

26

No answer is given

By the exchange the price of the car is 5000000/29.47334 = 169,645 AED. Thus none of the answer is correct.