41
Which of the following is not a largest shareholder of IMF?
A)
USA
B)
Japan
C)
India
D)
France
Answer & Solution
Answer: Option
C
A)
Revenue effects
B)
Protective effects
C)
Both A and B
D)
Neither A nor B
Answer & Solution
Answer: Option
C
43
The areement on Textiles and Clothing sets out a framework for gradually and systematically achieving this goal over a . . . . . . . . year transitional period.
A)
10 years
B)
20 years
C)
15 years
D)
12 years
Answer & Solution
Answer: Option
A
44
Match the following.
List-I (Concepts) List-II (Meaning)
a. Globalisation
1. It conforms to the principle of double entry book keeping
b. Balance of Payment
2. Intergration with the world economy
c. Merchandise
3. It occurs on account of business cycles
d. Cyclical Disequilibrium
4. It includes sale and purchase of goods to from foreign countries
A)
a-4, b-3, c-2, d-1
B)
a-3, b-1, c-2, d-4
C)
a-2, b-1, c-4, d-3
D)
a-4, b-1, c-2, d-3
Answer & Solution
Answer: Option
C
45
Which of the following statement(s) is/are correct?
A)
When a foreign firm establishes with the superior technological skills which can produce quality items at cheaper rates, it adversely affects the domestic producers
B)
Reverse resource transfer effect takes place whenever resources like managerial skills are transferred back to the home country
C)
The benefit of home country is the cost of host country and vice-versa
D)
All of the above
Answer & Solution
Answer: Option
D
46
The theory of comparative advantage assumes single factor of production, i.e.
A)
land
B)
labour
C)
capital
D)
all of these
Answer & Solution
Answer: Option
B
47
The Government of India helps the exporters in selecting the product and the market under
A)
FPS
B)
MLFPS
C)
Both A and B
D)
Neither A nor B
Answer & Solution
Answer: Option
C
48
Match the following.
List-I List-II
a. Merchandise exports
1. Purchase of foreign goods
b. Merchandise imports
2. Sales of goods abroad
c. Investment income
3. Largely caused by excess of imports over exports in merchandise
d. Balance of Payment deficits
4. Dividends, interest etc received from abroad
A)
a-1, b-2, c-3, d-4
B)
a-2, b-3, c-4, d-1
C)
a-2, b-1, c-4, d-3
D)
a-3, b-4, c-2, d-1
Answer & Solution
Answer: Option
C
49
Match the following.
List-I List-II
a. Porter
1. Factor endowment
b. Hecksher-Ohlin
2. Diamond
c. Ricardo
3. Absolute advantage
d. Adam Smith
4. Comparative advantage
A)
a-4, b-1, c-2, d-3
B)
a-1, b-2, c-4, d-3
C)
a-1, b-4, c-2, d-3
D)
a-2, b-1, c-4, d-3
Answer & Solution
Answer: Option
D
50
Match the following.
List-I List-II
a. MIGA
1. Offers political risk insurance (guarantees) covering all areas of the world for ventures in a wide range of sectors of the economy in developing member countries
b. IBRD
2. A global financial institution that provides the poorest countries in the world
c. IDA
3. Development institution focused solely on developing nations private sector
d. IFC
4. Single largest provider of loans to the countries
A)
a-2, b-1, c-4, d-3
B)
a-4, b-3, c-2, d-1
C)
a-1, b-2, c-3, d-4
D)
a-1, b-4, c-2, d-3
Answer & Solution
Answer: Option
D
