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1
Numerous European nations accepted Euro as their currency in
Discuss
Answer & Solution
Answer: Option C
Solution:
Numerous European nations accepted Euro as their currency in 1999. On January 1, 1999, one of the largest steps toward European unification took place with the introduction of the euro as the official currency in 12 countries (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain).
2
Financial account was earlier called as
Discuss
Answer & Solution
Answer: Option A
Solution:
Financial account was earlier called as capital account. The capital account shows the net worth of a business at a specific point in time. It is also known as owner's equity for a sole proprietorship or shareholders' equity for a corporation, and it is reported in the bottom section of the balance sheet.
3
Factor proceeds are part of which section of balance of payments
Discuss
Answer & Solution
Answer: Option B
Solution:
Factor proceeds are part of which section of balance of payments current account. The current account records a nation's transactions with the rest of the world specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments over a defined period of time, such as a year or a quarter.
4
Structural Adjustment Lending boosts country's
Discuss
Answer & Solution
Answer: Option B
Solution:
Structural Adjustment Lending boosts country's long-term economic growth. Economic growth is the long-run trend of an increase in output over time, not just a temporary fluctuation in output or using previously underutilized resources.
5
World Bank Group recognized in
Discuss
Answer & Solution
Answer: Option C
Solution:
World Bank Group recognized in 1944. Founded in 1944, the International Bank for Reconstruction and Development soon called the World Bank has expanded to a closely associated group of five development institutions. Originally, its loans helped rebuild countries devastated by World War II.
6
Uruguay Round that has started
Discuss
Answer & Solution
Answer: Option D
Solution:
Uruguay Round that has started earlier 7 years. After debating the proposals for about 7 years the Uruguay Round was finally concluded on 15th December, 1993 but the final Act of the U.R. which was signed by 124 participating countries at Marrakesh (Morocco) on 15 April, 1994 embodies the results of the U.R. of Multilateral Trade Negotiations.
7
Less tax rate in a state get intention of
Discuss
Answer & Solution
Answer: Option C
Solution:
Less tax rate in a state get intention of direct foreign investment. A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets in a foreign company.
8
On an accounting report of cash flows an "increase (decrease) in cash and cash equivalents" shows
Discuss
Answer & Solution
Answer: Option D
Solution:
A Cash flow statement shows inflow and outflow of cash and cash. Among the given options it shows none of the above.
9
Distinction between overall exports and imports is related to
Discuss
Answer & Solution
Answer: Option C
Solution:
Distinction between overall exports and imports is related to balance of trade. The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a country's balance of payments. Economists use the BOT to measure the relative strength of a country's economy.
10
Service acquired from other state is related to
Discuss
Answer & Solution
Answer: Option C
Solution:
Service acquired from other state is related to outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.