1. Select the correct option of the following statements being correct or incorrect.
Statement (I): International liquidity encompasses the international reserves only.
Statement (II): International liquidity covers only official holdings of gold, foreign exchange, SDRs and reserve position in the IMF available for the settlement of the international transactions.
Statement (I): International liquidity encompasses the international reserves only.
Statement (II): International liquidity covers only official holdings of gold, foreign exchange, SDRs and reserve position in the IMF available for the settlement of the international transactions.
2. Foreign Exchange and foreign currencies in India are governed by:
3. Match the items of List-I with those in List-II and select the correct answer.
List-I
List-II
a. Bank Rate Policy
1. Involving the shortening of the currency of bills eligible for rediscount.
b. Credit Rationing
2. Involving the purchase and sale of securities in the open market.
c. Variable Reserve System
3. Involving the alteration of discount rate.
d. Open Market Operations
4. Involving the Variation of the minimum reserve.
| List-I | List-II |
| a. Bank Rate Policy | 1. Involving the shortening of the currency of bills eligible for rediscount. |
| b. Credit Rationing | 2. Involving the purchase and sale of securities in the open market. |
| c. Variable Reserve System | 3. Involving the alteration of discount rate. |
| d. Open Market Operations | 4. Involving the Variation of the minimum reserve. |
4. Relaxing the restrictions and controls imposed on business and industry means
5. If the price elasticity of demand for exports is zero, then exports in local currency will
6. Which of the following statements is/are incorrect?
7. Which of the following two schemes were introduced under the new foreign trade policy, 2015-2020?
8. Who is the fiscal agent and advisor to Government in monetary and financial matters?
9. Match the following.
List-I (Organisations)
List-II (Features)
a. SAARC
1. It creates procedures for the resolution of trade disputes
b. ASEAN
2. It is dedicated to economic, technological, social and cultural development
c. NAFTA
3. Non-interference in the internal affairs of one another
| List-I (Organisations) | List-II (Features) |
| a. SAARC | 1. It creates procedures for the resolution of trade disputes |
| b. ASEAN | 2. It is dedicated to economic, technological, social and cultural development |
| c. NAFTA | 3. Non-interference in the internal affairs of one another |
10. The term "hot money" is used to refer to
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- Business Environment and International Business - Section 1
- Business Environment and International Business - Section 2
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- Business Environment and International Business - Section 5
- Business Environment and International Business - Section 6
- Business Environment and International Business - Section 7