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

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Gary

4 days ago

I'm not sure, but I think it's important for international regulations to be binding on all members to ensure consistency in practices

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Helaine

6 days ago

I agree with Bernardo, because international regulations can become law if adopted by individual states

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Bernardo

10 days ago

I think the correct answer is D) (i), (ii) and (iii)

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