International Economics SCDL Assignment
International Economics SCDL
1. IDA provides grants and credits, with payment periods as long as: 35 to 40 years2. Which of these is not a full member of the EU? LuxembergMatch the following:
Zaire
=Copper
India
=Iron Ore
Iran
=Dry fruits
Peru
=Manganese
3. If the demand for imports is relatively elastic, it will result in the success of the Exchange Control.
4. The growth rate of the indian economy presently is approximately 8 per cent of the G.D.P.
5. Indias maximum imports are from the European Union. True6. The Heckscher-Ohlin model (H-O model) is a general equiillibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at: The Stockholm School of Economics7. An example of political and economic interests in trade can be: U.K. importing oil from Kuwait rather than Iran8. Germany was the nation most affected by the Great Depression.
9. S.D.Rs are also called Paper Gold. False10. Prohibitive tariff is resorted for ensuring directional expenditure by a nation.
Multiple Choice Multiple AnswerQuestion: Objectives of the IMFCorrect Answer: Stability in the BOP , Stability in internal price level , Stability in the exchange rate
True/FalseQuestion: If production takes place at the optimum level price will be not be equal to the minimum average cost of productionCorrect Answer: False
True/FalseQuestion: In case of exports, agriculture has surpassed gems & jewellery in terms of a higher rate of increase, though lesser in absolute figure.Correct Answer: True
Multiple Choice Multiple AnswerQuestion: Why is it so common to give protection to infant industry?Correct Answer: Because the new firms are weak and vulnerable , Unless the conditions are conducive , expansion in output cannot be assured , To discourage the imports
Select The BlankQuestion: Current account balance is important in determining nations________Correct Answer: External Investment position
True/FalseQuestion: The reigns of policy formulation & operations of the World Bank are in the hands of the Board of Directors.Correct Answer: False
True/FalseQuestion: IMF or World Bank want trading counties to follow a uniform code of classification to emphasis their importance on the world economy.Correct Answer: False
Select The BlankQuestion: Under perfect competition same price for ________ will prevail in the product market and price of factors of production also will be same for same varietiesCorrect Answer: Identical commodities
Select The BlankQuestion: ________ hypothesis advocates globalisation, that it accelerates the countrys growth processCorrect Answer: Convergence
Multiple Choice Single AnswerQuestion: In case of tangency between price ration & production possibility cure post Globalisation is achieved at a parallel but lower level, then it shows that Correct Answer: Production capabilities of both the goods have declined
Multiple Choice Single AnswerQuestion: Apart from the gold or foreign curreny, the quota that each country had to pay was based on .Correct Answer: Size of GDP
Multiple Choice Multiple AnswerQuestion: Balance of payment includes Correct Answer: Current Account , Capital Account , Reserve Movements
True/FalseQuestion: Production equilibrium is realised at the point of tangency between the production possibility curve and factor price ratio.Correct Answer: True
Match The FollowingQuestion
Correct AnswerREGULATOR FOR INSURANCE SECTOR
Effective Watch DogHOLDING COMPANY &FOUR SUBSIDIARIES.
GIC & New india,united,oriental,nationalTHE POTENTIAL &SCOPE WHICH IS STILL UNDER TAPPED
Personal line of insurance & health care area.RECENT DEVELOPMENT BY GOVT OF INDIA
Set up an agriculture insurance company of
india
Multiple Choice Multiple AnswerQuestion: Why is it that factor price equalization is not found frequently in countries?Correct Answer: Presence of factor cost , There is no perfect competition in the market , In absence of commodity price equalization factors cannot move towards equality
True/FalseQuestion: The inception of WTO dates back to 1995Correct Answer: True
True/FalseQuestion: In multiversion scheme to ensure serailizibility it is necessary that a transaction should be able to determine easily and quickly which version of the data item should be read.Correct Answer: True
Multiple Choice Single AnswerQuestion: What was the main reason for rise in price during 1970s?Correct Answer: rise in petroleum prices
Multiple Choice Single AnswerQuestion: Globalisation started taking root in the world economy since theCorrect Answer: Eighties
Multiple Choice Single AnswerQuestion: When a particular transaction never makes progress because the data item it wants to lock is already locked and other transaction are also waiting for the same data item then it is said to beCorrect Answer: Starvation
True/FalseQuestion: Wait-die scheme is based on preemptive technique.Correct Answer: False
Multiple Choice Single AnswerQuestion: According to the Absolute advantage theory why will there be any kind of difference in cost of the same product in two countries?Correct Answer: Due to productivity
Multiple Choice Multiple AnswerQuestion: What are the problems being faced by the developing countries due to reduced trade barriers?Correct Answer: entering of giants in the market , stiff competition to the local trades
True/FalseQuestion: Developed countries come closer through trade because consumption patterns are know to each otherCorrect Answer: True
Multiple Choice Single AnswerQuestion: What is reason behind many Latin American and African countries forming a union?Correct Answer: These countries have put a common front against the imperial power
True/FalseQuestion: Wound wait and wait die schemes avoids starvation.Correct Answer: True
Multiple Choice Single AnswerQuestion: A transaction may release locks, but may not obtain any new locks this phase is called asCorrect Answer: Shrinking Phase
Match The FollowingQuestion
Correct AnswerReal protection
An industry takes into account the higher prices a producer has to pay on
imported inputs owing to imposition of tariffsTariff barriers
Specific tariffNon Tariff barrier
QuotasEffective protection
The proportion of total costs accounted for by imported inputs
Multiple Choice Multiple AnswerQuestion: Invisible Trade comprises Correct Answer: Travel & Transport , Insurance , Interest Payments
Multiple Choice Multiple AnswerQuestion: Identify the assumptions of H-O theory?Correct Answer: Technology in both the country are same , Production function of a commodity is same
Select The BlankQuestion: Apart from international reserves, ________ also widens the monetary base of the central bank.Correct Answer: Net domestic assets
True/FalseQuestion: In case of multiple peg, the domestic currency changes propotionately to any change in exchange rates of nations of the basketCorrect Answer: False
Multiple Choice Single AnswerQuestion: The institutional aspect of reforms refer toCorrect Answer: Its proper & effective implementation
Multiple Choice Multiple AnswerQuestion: Why is tariff imposed?Correct Answer: Because it is the major source of revenue , To attain self-sufficiency in the country , To give protection to the domestic countries
Multiple Choice Multiple AnswerQuestion: What are the main highlights of Product life cycle?Correct Answer: These are normally labor scarce countries , Producers use more capital than labor , Money is spent in research and development to innovate new ways of using capital intensive technique
Multiple Choice Single AnswerQuestion: Day to day functioning & policy implementation of the IMF are the responsibilities of theCorrect Answer: Executive Directors
Multiple Choice Single AnswerQuestion: The rate of increase in the Indias trade deficit as seen is highest in the year -Correct Answer: 1998-99
Multiple Choice Single AnswerQuestion: Does a big population mean a big labor force?Correct Answer: It is always compared in relation to the other factors
Select The BlankQuestion: Due to Export Subsidy selling price abroad ________ the home market priceCorrect Answer: Will be less than
True/FalseQuestion: The AMS completely believed & worked on lines of poverty eradication & rural upliftment.Correct Answer: False
Multiple Choice Multiple AnswerQuestion: How dose a country determine the imports and exports items of a particular country?Correct Answer: By comparing hourly output per labor , The country with least average cost would be ideal
True/FalseQuestion: According to SITC codification scheme, in the import or the export list, any food item was given the code 00 & crude petroleum was given 03.Correct Answer: False
Multiple Choice Single AnswerQuestion: Pegged Exchange rate was initially advocated byCorrect Answer: IMF
Select The BlankQuestion: Complete specialization would mean that a country will produce only one product and ________ production for other products.Correct Answer: exchange surplus
Select The BlankQuestion: Pegged Exchange Rate came to be known as ________.Correct Answer: Official Exchange Rate
Select The BlankQuestion: ________was introduced by the IMF in 1967Correct Answer: SDR
Select The BlankQuestion: The main obsticle experienced in tha way of regional blocks is that after growing for 10-15 years ________ reaches a plateauCorrect Answer: internal trade expansion
Multiple Choice Multiple AnswerQuestionObjectives of the IMFCorrect AnswerStability in the BOP , Stability in internal price level , Stability in the exchange rateYour AnswerStability in the exchange rate , Stability in the BOP , Stability in internal price level
True/FalseQuestionIf production takes place at the optimum level price will be not be equal to the minimum average cost of productionCorrect AnswerFalseYour AnswerFalse
True/FalseQuestionIn case of exports, agriculture has surpassed gems & jewellery in terms of a higher rate of increase, though lesser in absolute figure.Correct AnswerTrueYour AnswerTrue
Multiple Choice Multiple AnswerQuestionWhy is it so common to give protection to infant industry?Correct AnswerBecause the new firms are weak and vulnerable , Unless the conditions are conducive , expansion in output cannot be assured , To discourage the importsYour AnswerBecause the new firms are weak and vulnerable , Unless the conditions are conducive , expansion in output cannot be assured , To discourage the imports
Select The BlankQuestionCurrent account balance is important in determining nation's________Correct AnswerExternal Investment positionYour AnswerInternal Investment position
True/FalseQuestionThe reigns of policy formulation & operations of the World Bank are in the hands of the Board of Directors.Correct AnswerFalseYour AnswerFalse
True/FalseQuestionIMF or World Bank want trading counties to follow a uniform code of classification to emphasis their importance on the world economy.Correct AnswerFalseYour AnswerFalse
Select The BlankQuestionUnder perfect competition same price for ________ will prevail in the product market and price of factors of production also will be same for same varietiesCorrect AnswerIdentical commoditiesYour AnswerIdentical commodities
Select The BlankQuestion________ hypothesis advocates globalisation, that it accelerates the country's growth processCorrect AnswerConvergenceYour AnswerBhagwati
Multiple Choice Single AnswerQuestionIn case of tangency between price ration & production possibility cure - post Globalisation - is achieved at a parallel but lower level, then it shows that Correct AnswerProduction capabilities of both the goods have declinedYour AnswerThe commodity prices have declined
Multiple Choice Single AnswerQuestionApart from the gold or foreign curreny, the quota that each country had to pay was based on ..Correct AnswerSize of GDPYour AnswerSize of GDP
Multiple Choice Multiple AnswerQuestionBalance of payment includes Correct AnswerCurrent Account , Capital Account , Reserve MovementsYour AnswerCurrent Account , Capital Account , Reserve Movements
True/FalseQuestionProduction equilibrium is realised at the point of tangency between the production possibility curve and factor price ratio.Correct AnswerTrueYour AnswerTrue
Match The FollowingQuestionCorrect AnswerYour AnswerREGULATOR FOR INSURANCE SECTOREFFECTIVE WATCH DOGEFFECTIVE WATCH DOGHOLDING COMPANY &FOUR SUBSIDIARIES.GIC & New india,united,oriental,nationalGIC & New india,united,oriental,nationalTHE POTENTIAL &SCOPE WHICH IS STILL UNDER TAPPEDPERSONAL LINE OF INSURANCE & HEALTH CARE AREA.PERSONAL LINE OF INSURANCE & HEALTH CARE AREA.RECENT DEVELOPMENT BY GOVT OF INDIASET UP AN AGRICULTURE INSURANCE COMPANY OF INDIA.SET UP AN AGRICULTURE INSURANCE COMPANY OF INDIA.
Multiple Choice Multiple AnswerQuestionWhy is it that factor price equalization is not found frequently in countries?Correct AnswerPresence of factor costYour AnswerPresence of factor cost , There is no perfect competition in the market , In absence of commodity price equalization factors cannot move towards equality
True/FalseQuestionThe inception of WTO dates back to 1995Correct AnswerTrueYour AnswerTrue
True/FalseQuestionIn multiversion scheme to ensure serailizibility it is necessary that a transaction should be able to determine easily and quickly which version of the data item should be read.Correct AnswerTrueYour AnswerTrue
Multiple Choice Single AnswerQuestionWhat was the main reason for rise in price during 1970's?Correct Answerrise in petroleum pricesYour Answerrise in petroleum prices
Multiple Choice Single AnswerQuestionGlobalisation started taking root in the world economy since theCorrect AnswerEightiesYour AnswerSeventies
Multiple Choice Single AnswerQuestionWhen a particular transaction never makes progress because the data item it wants to lock is already locked and other transaction are also waiting for the same data item then it is said to beCorrect AnswerStarvationYour AnswerAlive Lock
True/FalseQuestionWait-die scheme is based on preemptive technique.Correct AnswerFalseYour AnswerTrue
Multiple Choice Single AnswerQuestionAccording to the Absolute advantage theory why will there be any kind of difference in cost of the same product in two countries?Correct AnswerDue to productivityYour AnswerLack of technology
Multiple Choice Multiple AnswerQuestionWhat are the problems being faced by the developing countries due to reduced trade barriers?Correct Answerentering of giants in the market , stiff competition to the local tradesYour Answerentering of giants in the market , stiff competition to the local trades , Demand sensitivity of the product
True/FalseQuestionDeveloped countries come closer through trade because consumption patterns are know to each otherCorrect AnswerTrueYour AnswerTrue
Multiple Choice Single AnswerQuestionWhat is reason behind many Latin American and African countries forming a union?Correct AnswerThese countries have put a common front against the imperial powerYour AnswerThese countries have put a common front against the imperial power
True/FalseQuestionWound wait and wait die schemes avoids starvation.Correct AnswerTrueYour AnswerTrue
Multiple Choice Single AnswerQuestionA transaction may release locks, but may not obtain any new locks this phase is called asCorrect AnswerShrinking PhaseYour AnswerGrowing phase
Match The FollowingQuestionCorrect AnswerYour AnswerReal protectionAn industry takes into account the higher prices a producer has to pay on imported inputs owing to imposition of tariffsThe proportion of total costs accounted for by imported inputsTariff barriersSpecific tariffSpecific tariffNon Tariff barrierQuotasQuotasEffective protectionThe proportion of total costs accounted for by imported inputsAn industry takes into account the higher prices a producer has to pay on imported inputs owing to imposition of tariffs
Multiple Choice Multiple AnswerQuestionInvisible Trade comprises Correct AnswerTravel & Transport , Insurance , Interest PaymentsYour AnswerTravel & Transport , Insurance , Transfer Payments & Gifts
Multiple Choice Multiple AnswerQuestionIdentify the assumptions of H-O theory?Correct AnswerTechnology in both the country are same , Production function of a commodity is sameYour AnswerTechnology in both the country are same , Efficiency in production , Production function of a commodity is same
Select The BlankQuestionApart from international reserves, ________ also widens the monetary base of the central bank.Correct AnswerNet domestic assetsYour AnswerNet domestic assets
True/FalseQuestionIn case of multiple peg, the domestic currency changes propotionately to any change in exchange rates of nations of the basketCorrect AnswerFalseYour AnswerTrue
Multiple Choice Single AnswerQuestionThe institutional aspect of reforms refer toCorrect AnswerIt's proper & effective implementationYour AnswerWorking beyong bureacratic compliance
Multiple Choice Multiple AnswerQuestionWhy is tariff imposed?Correct AnswerBecause it is the major source of revenue , To attain self-sufficiency in the country , To give protection to the domestic countriesYour AnswerBecause it is the major source of revenue , To attain self-sufficiency in the country , To give protection to the domestic countries
Multiple Choice Multiple AnswerQuestionWhat are the main highlights of Product life cycle?Correct AnswerThese are normally labor scarce countries , Producers use more capital than labor , Money is spent in research and development to innovate new ways of using capital intensive techniqueYour AnswerThese are normally labor scarce countries , Producers use more capital than labor , Money is spent in research and development to innovate new ways of using capital intensive technique
Multiple Choice Single AnswerQuestionDay to day functioning & policy implementation of the IMF are the responsibilities of theCorrect AnswerExecutive DirectorsYour AnswerExecutive Directors
Multiple Choice Single AnswerQuestionThe rate of increase in the India's trade deficit as seen is highest in the year -Correct Answer1998-99Your Answer1998-99
Multiple Choice Single AnswerQuestionDoes a big population mean a big labor force?Correct AnswerIt is always compared in relation to the other factorsYour AnswerIt is always in comparison with capital
Select The BlankQuestionDue to Export Subsidy selling price abroad ________ the home market priceCorrect AnswerWill be less thanYour AnswerWill be less than
True/FalseQuestionThe AMS completely believed & worked on lines of poverty eradication & rural upliftment.Correct AnswerFalseYour AnswerTrue
Multiple Choice Multiple AnswerQuestionHow dose a country determine the imports and exports items of a particular country?Correct AnswerBy comparing hourly output per labor , The country with least average cost would be idealYour AnswerBy comparing the labor capital ratio , By comparing hourly output per labor , The country with least average cost would be ideal
True/FalseQuestionAccording to SITC codification scheme, in the import or the export list, any food item was given the code 00 & crude petroleum was given 03.Correct AnswerFalseYour AnswerTrue
Multiple Choice Single AnswerQuestionPegged Exchange rate was initially advocated byCorrect AnswerIMFYour AnswerIMF
Select The BlankQuestionComplete specialization would mean that a country will produce only one product and ________ production for other products.Correct Answerexchange surplusYour Answerexchange surplus
Select The BlankQuestionPegged Exchange Rate came to be known as ________.Correct AnswerOfficial Exchange RateYour AnswerOfficial Exchange Rate
Select The BlankQuestion________was introduced by the IMF in 1967Correct AnswerSDRYour AnswerSDR
Select The BlankQuestionThe main obsticle experienced in tha way of regional blocks is that after growing for 10-15 years ________ reaches a plateauCorrect Answerinternal trade expansionYour Answerinternal trade expansion
Multiple Choice Single AnswerQuestionIMF came into existence inCorrect Answer1945Your Answer1945
True/FalseQuestionInspite of continuous & consistent decline in customs duty since 1991, there have been no excessive increase in imports.Correct AnswerTrueYour AnswerTrue
Multiple Choice Single AnswerQuestionThe software module that is responsible for locking is :Correct AnswerLock ManagerYour AnswerLock Manager
Multiple Choice Single AnswerQuestionThe mode in which data can be read but not written is called as :Correct AnswerShared LockYour AnswerExclusive Lock
Select The BlankQuestionQuota or tariffs represent ________ which means that the imposing country dose it without taking into account the views of the exporting country.Correct AnswerUnilateral actionYour AnswerUnilateral action
Multiple Choice Multiple AnswerQuestionAccording to Posner why dose it take time to imitate?Correct AnswerBecause it takes new items to set up a new industry , Marketing for a inferior product in the international market , Due to foreign reaction lagYour AnswerProduct differentiation , Because it takes new items to set up a new industry , Due to foreign reaction lag
Select The BlankQuestionCredit worthiness of a country is judged by ________Correct AnswerSize of it's reservesYour AnswerSize of it's reserves
Multiple Choice Multiple AnswerQuestionLong term economic reforms for enhancing export trade include -Correct AnswerEnhanced linkage with the world economy , Doing away from quantitative restrictions , Following the code of transparency in the working of the foreign trade sectorYour AnswerEnhanced linkage with the world economy , Doing away from quantitative restrictions , Following the code of transparency in the working of the foreign trade sector
Multiple Choice Single AnswerQuestionIn Lock-S(Q) where Q is the data item stand for :Correct AnswerShared lock on data item QYour AnswerShared lock on data item Q
Multiple Choice Multiple AnswerQuestionWhat is a proportionate tax?Correct Answer10% to 15 % of the value of good is collected in the form of tax , Sometimes the tax is not flat , In this type of tax concessions are also made for the close partnersYour Answer10% to 15 % of the value of good is collected in the form of tax
Multiple Choice Single AnswerQuestionWhat is Free on board?Correct AnswerOnly produces value is taken into account for tariffYour AnswerOnly produces value is taken into account for tariff
Match The FollowingQuestionCorrect AnswerYour AnswerOn & OffBinary LockBinary LockTwo phase lockingShrinking & GrowingShrinking & GrowingTimestampsUse of system clock or logical counterUse of system clock or logical counterMultiversionMultiple copiesMultiple copies
Multiple Choice Single AnswerQuestionMain intention behind the meet-up of the IMF & the World Bank in 1989 wasCorrect AnswerMinimizing interferences in the free foreplay of the market forces for economic restructuringYour AnswerMinimizing interferences in the free foreplay of the market forces for economic restructuring
Select The BlankQuestionUnder the classifcation system, since 1996, the code has been further hiked from ________ .Correct Answer8 digit to 10 digitYour Answer8 digit to 10 digit
Select The BlankQuestionIf due to exports the domestic producer feels threatened then they can resort to ________ non tariff barrier.Correct AnswerOrderly marketing arrangementsYour AnswerOrderly marketing arrangements
Select The BlankQuestionBy shifting labor which is skilled in a particular sector we impose a ________ on societyCorrect AnswerNet burdenYour AnswerLess burden
Multiple Choice Multiple AnswerQuestionWhat happens when the trade is opened internationally?Correct AnswerInternal price ratios will no longer be valid , A uniform price ratio will be establishedYour AnswerInternal price ratios will no longer be valid , Efficiency in production , Commodities will be cheaper
Multiple Choice Multiple AnswerQuestionFor the purpose of systematized classification of trade data, SITC divides all such commodities into -Correct Answer10 sections , 52 divisions , 180 itemsYour Answer10 sections , 52 divisions , 180 items
True/FalseQuestionCurrent account deficit/surplus met by opposite movement from the capital account helps to correct the disequilibrium in the foreign exchange marketCorrect AnswerTrueYour AnswerTrue
True/FalseQuestionThe list of traded items included in the bag of custom duty reduction points out that the concessions are tilted towards benefitting the foreign suppliers more than the domestic producers.Correct AnswerFalseYour AnswerFalse
Match The FollowingQuestionCorrect AnswerYour AnswerPartial specialisationIf one country is small and can not cope up with international market, in that case the competing country will produce 2 commodities.Comparison between two countries as to who can produce whatAbsolute AdvantageAbsolute advantage in production of one commodityAbsolute advantage in production of one commodityExchange RatioThe equilibrium exchange ratio must lie between the two pre trade ratioThe equilibrium exchange ratio must lie above the two pre trade ratioComparative costComparative advantage in production of one productComparative advantage in production of one product
Multiple Choice Multiple AnswerQuestionOptimistic schedulling follow three phases, they are:Correct AnswerRead phase , Validate phase , Write phaseYour AnswerRead phase , Validate phase , Write phase
True/FalseQuestionIn free trade area the member countries maintain the respective previous tariff rate with the rest of the worldCorrect AnswerTrueYour AnswerTrue
Multiple Choice Single AnswerQuestionHow will government intervene in the intra - industry trade?Correct AnswerBy the policy of import substitution and export substitution.Your AnswerBy the policy of import substitution and export substitution.
Multiple Choice Multiple AnswerQuestionWhat will be the outcome of trade in the tariff on import is reduced?Correct AnswerPrice in importing sector will come down. , Decline in outputYour AnswerReduced profitability
Multiple Choice Single AnswerQuestionWhat was the theory given by Adam Smith called?Correct AnswerAbsolute advantage theoryYour AnswerComparative advantage
Multiple Choice Single AnswerQuestionA data item X can be unlocked through :Correct AnswerUnlock(Q)Your AnswerRelease (Q)
Multiple Choice Multiple AnswerQuestionSometime the system is deliberatley allowed to enter deadlock in order to use:Correct AnswerDeadlock detection , Deadlock recoveryYour AnswerDeadlock detection , Deadlock recovery , Granting Permission
Multiple Choice Multiple AnswerQuestionFor the purpose of systematized classification of trade data, SITC divides all such commodities into -Correct Answer10 sections , 52 divisions , 180 itemsYour Answer10 sections , 52 divisions , 180 items
Select The BlankQuestionTo look after activities in the four public sector insurance companies Govt of India has formed ________Correct AnswerGeneral Insurers' (Public Sector) Association Of India.Your AnswerGenral Insurance Corporation.
Select The BlankQuestionDispute Settlement Board is a part of ________Correct AnswerWTOYour AnswerWTO
Multiple Choice Multiple AnswerQuestionWhat are the common characteristics of a economic integration?Correct AnswerCooperation in many other fields , Tariff withdrawalYour AnswerTariff withdrawal , Cooperation in many other fields , There are some special tariffs
True/FalseQuestionAfter passing the IRDA bill in 1999, Govt. decided to decentralize the GIC.from their four subsidiaries and allowed these companies to run it independently.Correct AnswerTrueYour AnswerTrue
Multiple Choice Multiple AnswerQuestionFrom the world report of personnel lines of buisiness the share of world premium is lower side of the following countriesCorrect AnswerEast Europe , Latin America , Rest (incl India)Your AnswerEast Europe , Latin America , West Europe
Multiple Choice Single AnswerQuestionFor regulations of insurance business the first Indian insurance act was passed in the yearCorrect Answer1912Your Answer1950
True/FalseQuestionECM countries are a very important source both for imports & exports.Correct AnswerTrueYour AnswerTrue
Multiple Choice Single AnswerQuestionAccording to which theory technology can lead to change factor intensity of a product?Correct AnswerLeontife ParadoxYour AnswerComparative Advantage
Select The BlankQuestionThe countries that agreed to various articles of GATT was know to be ________.Correct AnswerContracting partiesYour AnswerContracting parties
True/FalseQuestionIn wait-die scheme the older transaction waits for a younger one to release its data item.Correct AnswerTrueYour AnswerTrue
Multiple Choice Multiple AnswerQuestionWhich of the following Insurance Companies are the promoters for "Agricultural Insurance Company of India Ltd."Correct AnswerNew India , Oriental , United IndiaYour AnswerUnited India
Select The BlankQuestionUnder the classifcation system, since 1996, the code has been further hiked from ________ .Correct Answer8 digit to 10 digitYour Answer8 digit to 10 digit
True/FalseQuestionAt the birth of the IMF, one ounce of gold was priced at $30.Correct AnswerFalseYour AnswerTrue
Multiple Choice Single AnswerQuestionReal effective exchange rate engulfsCorrect AnswerRelative price movements ( domestic & foreign )Your AnswerThe effect of domestic relative price changes in the foreign market
Select The BlankQuestionThe year ________ shows the highest degree of incease in the customs duty over the previous year.Correct Answer1994-95Your Answer1994-95
Multiple Choice Single AnswerQuestionWhat is a Common market?Correct AnswerIn this case there is no tariff on internal movement of goods but there is a common external tariff against the rest of world.Your AnswerIn this case there is no tariff on internal movement of goods but there is a common external tariff against the rest of world.
Multiple Choice Multiple AnswerQuestionWhich of the following sectors of personal Insurance are still untapped.Correct AnswerMediclaim , Householders , Per.AccidientYour AnswerMediclaim , Householders , Fire insurance
Select The BlankQuestionAccording to H-O theory a capital intensive country will produce ________Correct AnswerCombination of two goods but will produce more of capital intensive goodsYour AnswerOnly capital intensive goods
