Match the following.

List-I (Theories of International Trade)	List-II (Features)
a. Theory of reciprocal demand	1. Through specialisation, countries could increase their efficiency.
b. Theory of absolute advantage	2. It emphasises the demand side as well.
c. Theory of mercantilism	3. It assume that there is only one factor of production.
d. Theory of comparative cost	4. Countries should export more than they import.

Which of the legislation do not from part of the legal environment of business in India?

A. The Drugs and Cosmetics Act, 1940

B. The prevention of Food Adulteration Act, 1954

C. The Monopolies and Restrictive Trade Practices Act, 1969

D. Both B and C

Consider the following statements. Which of these statements is/are true?

A. Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state

B. Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible

C. India differed from core socialism as it went for a mixed economy rather than complete government control

D. All of the above statements are true

"Repo Rate" refers to the rate at which

A. RBI borrows short-term money from the market

B. Banks keeps the money with RBI

C. Banks take money from RBI after offering some securities

D. Forex is purchased by RBI

Which of the following regional integration is similar to customs union but include the free movement of factors of production as well as trade?

A. Preferential Trade Area

B. Custom Unions

C. Economic Union

D. Common Market