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21
Important factors considered in international product life cycle theory are
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Answer: Option C
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22
Which of the following is part of current account?
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Answer: Option C
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23
Which of the following institutions is not part of the World Bank community?
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Answer: Option B
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24
Which of the following statement(s) is/are incorrect?
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Answer: Option A
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25
As per the AoA agreement, the developing countries need to cut tariffs . . . . . . . . in years by . . . . . . . .%. Whereas, the developed countries are are required to cut tariffs in . . . . . . . . years by . . . . . . . .%.
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Answer: Option B
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26
The agreement signed by Ranbaxy Laboratory and Bayer A. G. of Germany in the year 1999 is an example of
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Answer: Option C
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27
". . . . . . . . is a statement showing a country's commercial transaction with the rest of the world. It shows inflow and outflow of foreign exchange. It is divided into current and capital accounts. The former records the transaction in goods and services."
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Answer: Option B
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28
Leontief Paradox criticises which of the following theories?
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Answer: Option C
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29
Which among the following firms having foreign trade qualifies for financial assistance under the Market Development Assistance (MDA) Scheme?
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Answer: Option D
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30
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer.
Assertion (A) Growing proportion of the world output is traded internationally, causing faster growth of trade among nations.
Reason (R) This situation is bringing world economic integration, which is reinforced by cross border capital flows and regional blocks.
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Answer: Option A
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