CIMA Exam CIMAPRA17-BA4-1 Topic 3 Question 106 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 106
Topic #: 3

Which of the following is correct in relation to international relations?

(i) International regulations are voluntarily entered into by commercial and professional bodies to standardize practices and procedure to make it easier to enter into international trading agreements.

(ii) International regulations which have been agreed by the professional bodies of different states are only binding on the members of those bodies or those who choose to adopt them.

(iii) International regulations may attain the force of law by being adopted by the legislatures of individual states

A(i) only

B(i) and (ii) only

C(ii) only

D(i), (ii) and (iii)

Show Suggested Answer

Suggested Answer: B

by Otis at Jan 25, 2025, 02:26 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA4-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Keith

15 days ago

I was leaning towards (i) and (ii), but you're right, (iii) is the most comprehensive answer. International bodies can set standards, but they only have teeth once governments make them law.

upvoted 0 times

...

Lajuana

16 days ago

Option (iii) seems to be the clear winner here. International regulations only become legally binding once they are adopted by individual states. The other options are too limited in their scope.

upvoted 0 times

...