McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 101. |
_ means a decline in the rate of exchange of one country in terms of another’s. |
| A. | Deflation |
| B. | Tariff |
| C. | Exchange Depreciation |
| D. | exchang devaluation |
| Answer» C. Exchange Depreciation | |
| 102. |
Restrictions on the use of foreign exchange by the Central bank are called _ . |
| A. | exchange controls |
| B. | Official transfers |
| C. | Foreign exchange reserves |
| D. | LAF |
| Answer» A. exchange controls | |
| 103. |
_ are duties levied on imports. |
| A. | Tariffs |
| B. | Deflation |
| C. | Exchange control |
| D. | Qoutas |
| Answer» A. Tariffs | |
| 104. |
Restrictions imposed on the quantity of imports is _ . |
| A. | Surplus |
| B. | Quotas |
| C. | Balance |
| D. | Tariffs |
| Answer» B. Quotas | |
| 105. |
Balance of payment always _ __. |
| A. | Deficit |
| B. | balances |
| C. | Surplus |
| D. | Equal |
| Answer» B. balances | |
| 106. |
_ term long run disequilibrium as fundamental disequilibrium. |
| A. | Tariff |
| B. | IMF |
| C. | trade |
| D. | WTO |
| Answer» B. IMF | |
| 107. |
WTO replaced _ in 1995. |
| A. | GATT |
| B. | WTO |
| C. | UN |
| D. | UNESCO |
| Answer» A. GATT | |
| 108. |
TRIPs deals with _ . |
| A. | intellectual property rights |
| B. | Foreign investment |
| C. | Foreign aid |
| D. | Agriculture |
| Answer» A. intellectual property rights | |
| 109. |
Protection is made available for _ years for patents. |
| A. | 20 |
| B. | 30 |
| C. | 10 |
| D. | 40 |
| Answer» A. 20 | |
| 110. |
The terms of _ is 50 years. |
| A. | copyright |
| B. | Services |
| C. | patent |
| D. | Trademarks |
| Answer» A. copyright | |
| 111. |
The current account of balance of payment does not include : |
| A. | Balance of visible trade |
| B. | Import of services |
| C. | Unilateral services |
| D. | Foreign investment |
| Answer» D. Foreign investment | |
| 112. |
Pick out the item which is not a part of unilateral transfers. |
| A. | Gifts |
| B. | Grants |
| C. | Loan |
| D. | Donation |
| Answer» C. Loan | |
| 113. |
Donations, grants, gifts and such other payments which do not have counter obligations are known as : |
| A. | Grants |
| B. | Aid |
| C. | Unilateral flows |
| D. | Bilateral flow |
| Answer» C. Unilateral flows | |
| 114. |
If the deficits in a country’s BOP persists for a long time it is a case of : |
| A. | Structural disequilibrium |
| B. | Fundamental disequilibrium |
| C. | Cyclical disequilibrium |
| D. | temporary disequilibrium |
| Answer» B. Fundamental disequilibrium | |
| 115. |
Disequilibrium in the BOP caused by changes in the demand or supply relations of exports or imports or both refer to : |
| A. | Cyclical disequilibrium |
| B. | Short Run disequilibrium |
| C. | Structural disequilibrium |
| D. | Fundamental disequilibrium |
| Answer» C. Structural disequilibrium | |
| 116. |
Which of the following is not a non monetary measure to correct the disequilibrium in BOP ? |
| A. | Tariff |
| B. | Import quotas |
| C. | Export promotion |
| D. | Devaluation |
| Answer» D. Devaluation | |
| 117. |
TRIMS include measures to : |
| A. | Treat foreign investment on par with domestic income |
| B. | Remove quantitative restrictions |
| C. | Treat foreign investment on par with domestic investment |
| D. | Remove qualitative retrictions |
| Answer» C. Treat foreign investment on par with domestic investment | |
| 118. |
Pick out the one which is not true of GATS : |
| A. | Services and service activities are covered under GATS |
| B. | National treatment to members |
| C. | No market access to service supplier’s |
| D. | No discrimination between service suppliers |
| Answer» C. No market access to service supplier’s | |
| 119. |
Pick out the feature which is not true of the Agreement on Agriculture. |
| A. | Reduce domestic subsidies |
| B. | reduce export subsidies |
| C. | Increase tariffs |
| D. | Increase trade in agricultural goods |
| Answer» C. Increase tariffs | |
| 120. |
In balance of payment account, all goods exported and imported are recorded in _ . |
| A. | Capital account |
| B. | Merchandise account |
| C. | Invisible account |
| D. | Current account |
| Answer» C. Invisible account | |
| 121. |
Gifts and charities account are also known as : |
| A. | Export |
| B. | Unilateral transfer |
| C. | Import |
| D. | Long–term borrowing |
| Answer» B. Unilateral transfer | |
| 122. |
In BOP, total receipts must be equal to total _ . |
| A. | payment |
| B. | deficit |
| C. | income |
| D. | revenue |
| Answer» A. payment | |
| 123. |
Reducing the value of domestic currency in term of foreign currency : |
| A. | Deflation |
| B. | Exchange control |
| C. | Tariff |
| D. | Devaluation |
| Answer» D. Devaluation | |
| 124. |
The current account in the balance of payments _ . |
| A. | is a total of all the visible items of trade |
| B. | includes merchandise trade and services |
| C. | always shows a surplus |
| D. | includes autonomous and accommodating flows |
| Answer» B. includes merchandise trade and services | |
| 125. |
Good performance on _ has helped India to improve its current account balance in recent times. |
| A. | trade account |
| B. | invisible account |
| C. | Capital account |
| D. | reserves account |
| Answer» B. invisible account | |
| 126. |
After covering deficits on current account, excess capital account receipts are added to _. |
| A. | IMF account |
| B. | Official transfers |
| C. | Foreign exchange reserves |
| D. | Bank capital |
| Answer» C. Foreign exchange reserves | |
| 127. |
Reducing public expenditure to correct BOP disequilibrium is a _ __ measure. |
| A. | Monetary |
| B. | Fiscal |
| C. | Special |
| D. | Commercial |
| Answer» B. Fiscal | |
| 128. |
_ is not a cause of deficit in balance of payments. |
| A. | increase in import |
| B. | fall in exports |
| C. | capital outflow |
| D. | capital inflows |
| Answer» D. capital inflows | |
| 129. |
Devaluation of a currency is brought about by the _ . |
| A. | World Bank |
| B. | Asian Development Bank |
| C. | International Finance Corporation |
| D. | Government |
| Answer» D. Government | |
| 130. |
When total exports are more than total imports then current account of balance of payment is in _ . |
| A. | Deficit |
| B. | Balance |
| C. | Surplus |
| D. | Unequal |
| Answer» C. Surplus | |
| 131. |
_ _ disequilibrium is chronic in nature. |
| A. | Cyclical |
| B. | Fundamental |
| C. | Structural |
| D. | Monetary |
| Answer» B. Fundamental | |
| 132. |
Expenditure switching policy is also known as _ _ . |
| A. | Devaluation |
| B. | Revaluation |
| C. | Appreciation |
| D. | Depriciation |
| Answer» A. Devaluation | |
| 133. |
_ term long run disequilibrium as fundamental disequilibrium . |
| A. | IMF |
| B. | UN |
| C. | WTO |
| D. | World Bank |
| Answer» A. IMF | |
| 134. |
WTO replaced GATT and came into existence on |
| A. | 1st January 1957 |
| B. | 1st January 1991 |
| C. | 1st January 1995 |
| D. | 1st January 1996 |
| Answer» B. 1st January 1991 | |
| 135. |
TRIPs stand for |
| A. | Trade Related Investment Property Rights |
| B. | Trade Related Investment Public Rights |
| C. | Trade Related Intellectual Property Rights |
| D. | Trade Related Investment in services |
| Answer» C. Trade Related Intellectual Property Rights | |
| 136. |
Under _ the foreign investors will be given same rights as the national investor in the matter of investment. |
| A. | TRIPs |
| B. | TRIMs |
| C. | GATs |
| D. | AoA |
| Answer» B. TRIMs | |
| 137. |
GATs deals with trade in _ . |
| A. | Services |
| B. | patent |
| C. | copyright |
| D. | trademarks |
| Answer» A. Services | |
| 138. |
TRIMs deals with _ . |
| A. | Foreign investment |
| B. | Foreign aid |
| C. | Services |
| D. | Goods |
| Answer» A. Foreign investment | |
| 139. |
_ agreement deals in trade in services |
| A. | TRIMs |
| B. | TRIPs |
| C. | GATs |
| D. | UNCTAD |
| Answer» C. GATs | |
| 140. |
The WTO agreements cover _ . |
| A. | TRIPs |
| B. | IMF |
| C. | UNCTAD |
| D. | ASEAN |
| Answer» A. TRIPs | |
| 141. |
WTO promote _ trade. |
| A. | bilateral |
| B. | multilateral |
| C. | unilateral |
| D. | restricted |
| Answer» B. multilateral | |
| 142. |
The only international organisation dealing with the global rules of trade between nations. |
| A. | WTO |
| B. | UN |
| C. | IMF |
| D. | World bank |
| Answer» A. WTO | |
| 143. |
Along with the world bank and WTO is the third economic pillar of world-wide dimensions. |
| A. | International eco |
| B. | International Monetar |
| C. | International Develo |
| D. | International funding or |
| Answer» B. International Monetar | |
| 144. |
TRIPS (trade-related aspects of intellectual property rights) agreement is administered by |
| A. | world bank |
| B. | united nations organiz |
| C. | World trade organiz |
| D. | United nations conferen |
| Answer» C. World trade organiz | |
| 145. |
Who is most recently appointed the Ambassador & Permanent Represantative of india to WTO? |
| A. | JS Deepak |
| B. | TS Deepak |
| C. | Anwar Hussain Shai |
| D. | Brajendra Navnit |
| Answer» D. Brajendra Navnit | |
| 146. |
Which of the institutions is not a part of the world bank community? |
| A. | IFC |
| B. | IDA |
| C. | WTO |
| D. | IBRD |
| Answer» C. WTO | |
| 147. |
Which of the following categories of agricultural subsidies are allowed under WTO? |
| A. | Green box |
| B. | Blue box |
| C. | Red box |
| D. | Amber box |
| Answer» A. Green box | |
| 148. |
The declaration recognised that the TRIPs agreement should protect public health. |
| A. | Brazil |
| B. | Doha |
| C. | Bandung |
| D. | Singapore |
| Answer» B. Doha | |
| 149. |
TRIMs deals with |
| A. | Foreign investme |
| B. | Foreign aid |
| C. | Services |
| D. | Goods |
| Answer» A. Foreign investme | |
| 150. |
_ refers to the rate at which the transaction take place at a future date. |
| A. | Forward exchange rate |
| B. | Arbitrage |
| C. | Spot exchange rate |
| D. | Hedging |
| Answer» A. Forward exchange rate | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.