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81
The comparative cost theory of international trade was developed by
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Answer: Option A
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82
Which one among the following is not the salient feature of industrial policy since 1991?
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Answer: Option C
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83
Match the following.
List-I List-II
a. Importing 1. Modes of international business
b. Marketing 2. Functions of international business
c. Sales expansion 3. Objectives of international business
d. Economic forces 4. External influence
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Answer: Option A
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84
Match the following.
List-I (Economic Systems) List-II (Features)
a. Traditional economy 1. Produces only those goods and services, which are required for the survival or which they want to consume
b. Capitalism 2. The freedom of occupation is absent or restricted
c. Socialism 3. Consumers have complete freedom of choice of consumption
d. Mixed economy 4. The private sector operates primarily with a profit motive and public sector seeks to achieve social welfare
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Answer: Option C
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85
The most prevalent example of an economic integration emerging as part of an effort to ensure peace and security is
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Answer: Option A
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86
Associate institutions of World Bank are
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Answer: Option D
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87
Consider the following statements.
Assertion (A): Indian companies have established subsidiaries and joint ventures in a number of countries in different manufacturing industries and service sectors.
Reason (R): By restricting the areas of operations and growth, the government policy seriously constrained the potential of Indian companies to make a foray into the foreign countries.
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Answer: Option B
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88
At the 2013 Bali Ministerial Conference, much of the focus was on a proposal to shield public stockholding programs for food security in developing countries, so that they would not be challenged legally even if a country's agreed limits for trade-distorting domestic support were breached. This is linked with administered price. Farming nations wanted it to be linked with 'green box' subsidies. This interim solution is called as:
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Answer: Option A
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89
Consider the following statements.
Assertion (A): International business has grown in more recent years at a faster pace than global production.
Reason (R): Growth through trade has increased, but growth through foreign direct investment has not.
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Answer: Option B
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90
Which of the following statement(s) is/are correct?
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Answer: Option B
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