71. The difference between the value of goods and services exported and imported by a country is the measure of
72. Economic policy is the catalyst component of
73. On the basis of the size and composition of external debt, World Bank has classified India as a
74. Porter Five Forces Model represents the relationship between
75. Which of the following assumptions are true in context of theory of comparative advantage?
(1) Two trading economies each producing the same two goods.
(2) The factors of production in each economy are perfectly mobile.
(3) There are no trade barriers and no transport costs.
(4) The state of technology is unchanged.
(1) Two trading economies each producing the same two goods.
(2) The factors of production in each economy are perfectly mobile.
(3) There are no trade barriers and no transport costs.
(4) The state of technology is unchanged.
76. Which of the following is not the objective of fiscal policy in India?
77. Match the items of List-I with items of List-II.
List-I
List-II
a. Measures towards globalization
1. Globalization
b. Off-shoring
2. FEMA
c. FERA
3. Liberalise the inflow of FDI
d. Mr. Arthur Dunkel
4. Uruguay Round
| List-I | List-II |
| a. Measures towards globalization | 1. Globalization |
| b. Off-shoring | 2. FEMA |
| c. FERA | 3. Liberalise the inflow of FDI |
| d. Mr. Arthur Dunkel | 4. Uruguay Round |
78. Which of the following kinds of situation is signified when there is debit in balance of payments accounts?
(1) Low imports and high exports
(2) High imports and low exports
(1) Low imports and high exports
(2) High imports and low exports
79. Match the following.
List-I (Organisations)
List-II (Objectives)
a. SAARC
1. To promote cooperative peace and shared prosperity
b. NAFTA
2. To provide protection and enforcement of intellectual property rights
c. ASEAN
3. To promote the welfare of the people of South Asia and to improve their quality of life
| List-I (Organisations) | List-II (Objectives) |
| a. SAARC | 1. To promote cooperative peace and shared prosperity |
| b. NAFTA | 2. To provide protection and enforcement of intellectual property rights |
| c. ASEAN | 3. To promote the welfare of the people of South Asia and to improve their quality of life |
80. Consider the following statements in context of WTO.
1. WTO is a permanent body with its over dispute settlement machanism.
2. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.
3. WTO promote international trade.
4. WTO banned the foreign currency.
5. WTO managed the hybrid system of clean floating, currency block etc.
Which of the statements given above are correct?
1. WTO is a permanent body with its over dispute settlement machanism.
2. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.
3. WTO promote international trade.
4. WTO banned the foreign currency.
5. WTO managed the hybrid system of clean floating, currency block etc.
Which of the statements given above are correct?
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- Business Environment and International Business - Section 1
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- Business Environment and International Business - Section 7