21.
Currently, in which areas is FDI in India prohibited?
1. Atomic energy
2. Lottery business
3. Gambling and betting
4. Chit fund trade
5. Nidhi company
6. Home and real estate business
7. Construction of cigars and business
8. Metro rail

22.
Under the Foreign Trade Policy 2015-2020, which of the following additional ports are allowed for export and import?
(1) Calicut Airport, Kerala
(2) Rajkot Airport, Gujarat
(3) Arakonam lCD, Tamil Nadu
(4) Ludhiana Airport, Punjab

23.
Assertion (A): The gains from trade are determined by the terms of trade.
Reason (R): The gains from trade depend on the differences in comparative cost rations.

24.
UNCTAD stands for:

25.
It is said that freedom of private enterprise is the greatest in the free market economy. Which of the following assumptions is true in this context?
(i) Land, labour, and capital are integrated with the help from private enterprise.
(ii) Income is received in monetary form by the sale of services of the factors of production and from the profits of the private enterprise.
(iii) Members of the free-market economy have freedom of choice in so far as consumption, occupation, savings, and investments are concerned.
(iv) The free-market economy is not planned, controlled or regulated by the government.
(v) The free-market economy is prone to corrupt practices.

26.
Match the items of List-I with List-II with regard to balance of payments equilibrium:
List-I List-II
a. Exchange control 1. Exporters surrender foreign exchange to the central bank
b. Trade Policy Measure 2. Bank rate raised by the central bank
c. Expenditure reducing policy 3. Reduction in foreign exchange rate
d. Expenditure switching policy 4. Enhancing exports by granting subsidies

28.
BRICS is the acronym of Brazil, Russia, India, China and South Africa. They set up New Development Bank. At which of the following places, this bank is located?

29.
Which of the following statement is not correct?