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McqMate
Chapters
201. |
An international trading company of the Government of India _. |
A. | State Transport Corporation |
B. | State Service Corporation |
C. | State Trading Corporation |
D. | All of the above |
Answer» C. State Trading Corporation |
202. |
Consular documents include _ _. |
A. | Certificate of origin |
B. | Export certificates |
C. | Uncertified consular invoices |
D. | Bills of exchange |
Answer» A. Certificate of origin |
203. |
Trade barriers are often called _ _. |
A. | Free trade |
B. | Protection |
C. | Trade wars |
D. | Economic integration |
Answer» B. Protection |
204. |
Redistribution effect is called _ . |
A. | Revenues effect |
B. | Consumption effect |
C. | Productive effect |
D. | Transfer effect |
Answer» D. Transfer effect |
205. |
Imposing of tariff, raises domestic prices causing fall in consumption of domestic goods is _ . |
A. | Protective effect |
B. | Revenue effect |
C. | Consumption effect |
D. | Terms of trade effect |
Answer» C. Consumption effect |
206. |
_ _ is the World’s largest single market area. |
A. | European Union |
B. | India |
C. | Pakisthan |
D. | Srilanka |
Answer» A. European Union |
207. |
At present, European Union consist of _ member countries. |
A. | 26 |
B. | 27 |
C. | 28 |
D. | None of these above |
Answer» C. 28 |
208. |
When an economy union involves unifying currency it becomes _ . |
A. | Customs Union |
B. | Trade Union |
C. | Economic and Monetary Union |
D. | Trade area |
Answer» C. Economic and Monetary Union |
209. |
_ _ is an official institution of the European Union. |
A. | European Council |
B. | European Parliament |
C. | European Commission |
D. | European Investment Bank |
Answer» A. European Council |
210. |
Euro is the official currency for _ _ member countries of European Union. |
A. | 16 |
B. | 17 |
C. | 18 |
D. | 19 |
Answer» D. 19 |
211. |
The is the single currency of the European Union. |
A. | dollar |
B. | euro |
C. | yen |
D. | pound |
Answer» B. euro |
212. |
_ _ is the second largest currency in the world. |
A. | Dollar |
B. | Euro |
C. | Yen |
D. | Pound |
Answer» B. Euro |
213. |
_ _ became an ASEAN dialogue partner in 1995. |
A. | India |
B. | Pakisthan |
C. | Srilanka |
D. | USA |
Answer» A. India |
214. |
Look East Policy has now transformed into a _ _. |
A. | Act European Policy |
B. | Act East Policy |
C. | Act West Policy |
D. | East Asia Policy |
Answer» B. Act East Policy |
215. |
The referendum for Brexit was held on _ . |
A. | 2023-06-16 00:00:00 |
B. | 2023-06-17 00:00:00 |
C. | 2023-08-17 00:00:00 |
D. | 2023-06-18 00:00:00 |
Answer» A. 2023-06-16 00:00:00 |
216. |
ASEAN was formed in . |
A. | 1947 |
B. | 1967 |
C. | 1977 |
D. | 1987 |
Answer» A. 1947 |
217. |
_ is a statement of a systematic record of all economic transactions between one country and the rest of the world. |
A. | Deficit |
B. | Surplus |
C. | Balance of payments |
D. | Budget |
Answer» C. Balance of payments |
218. |
Pick out the wrong statement. |
A. | Tariff restricts t |
B. | Import quotas have a direct effect in reducing imports |
C. | Voluntary export restraint is an example of tariff barriers. |
D. | An export subsidy is a government grant given to an export firm |
Answer» C. Voluntary export restraint is an example of tariff barriers. |
219. |
The consumption effect of tariffs forces consumers to _ _. |
A. | increase their consumption due to tariffs. |
B. | pay lower price due to tariffs. |
C. | reduce their consumption due to tariffs. |
D. | depend on imports for consumption |
Answer» C. reduce their consumption due to tariffs. |
220. |
Import embargo is an important retaiatory measure against_ _. |
A. | dumping |
B. | exports |
C. | domestic producer |
D. | domestic farmers |
Answer» A. dumping |
221. |
Which of the following Non – Tariff Barriers prevents free movement of capital between countries? |
A. | preferential government procurement |
B. | Exchange Controls |
C. | Domestic subsidie |
D. | Local content requirement |
Answer» B. Exchange Controls |
222. |
_ is a measure under which a commodity of a specific volume or value is allowed to be imported in the country. |
A. | Voluntary Export Restraints |
B. | Combined duty |
C. | Import quota |
D. | Revenue tariff |
Answer» C. Import quota |
223. |
Which of these are objectives of import quotas? |
A. | Correcting disequilibrium in the balance of payment |
B. | To allow dumping |
C. | To allow speculative activities |
D. | To allow excess supply in the domestic economy |
Answer» A. Correcting disequilibrium in the balance of payment |
224. |
In the _ account, only transactions relating to goods are entered. |
A. | invisible account |
B. | Capital account |
C. | trade |
D. | Current account |
Answer» C. trade |
225. |
_ 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 |
226. |
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 |
227. |
_ are duties levied on imports. |
A. | Tariffs |
B. | Deflation |
C. | Exchange control |
D. | Qoutas |
Answer» A. Tariffs |
228. |
Restrictions imposed on the quantity of imports is _ . |
A. | Surplus |
B. | Quotas |
C. | Balance |
D. | Tariffs |
Answer» B. Quotas |
229. |
Balance of payment always _ __. |
A. | Deficit |
B. | balances |
C. | Surplus |
D. | Equal |
Answer» B. balances |
230. |
_ term long run disequilibrium as fundamental disequilibrium. |
A. | Tariff |
B. | IMF |
C. | trade |
D. | WTO |
Answer» B. IMF |
231. |
WTO replaced _ in 1995. |
A. | GATT |
B. | WTO |
C. | UN |
D. | UNESCO |
Answer» A. GATT |
232. |
TRIPs deals with _ . |
A. | intellectual property rights |
B. | Foreign investment |
C. | Foreign aid |
D. | Agriculture |
Answer» A. intellectual property rights |
233. |
Protection is made available for _ years for patents. |
A. | 20 |
B. | 30 |
C. | 10 |
D. | 40 |
Answer» A. 20 |
234. |
The terms of _ is 50 years. |
A. | copyright |
B. | Services |
C. | patent |
D. | Trademarks |
Answer» A. copyright |
235. |
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 |
236. |
Pick out the item which is not a part of unilateral transfers. |
A. | Gifts |
B. | Grants |
C. | Loan |
D. | Donation |
Answer» C. Loan |
237. |
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 |
238. |
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 |
239. |
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 |
240. |
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 |
241. |
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 |
242. |
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 |
243. |
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 |
244. |
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 |
245. |
Gifts and charities account are also known as : |
A. | Export |
B. | Unilateral transfer |
C. | Import |
D. | Long–term borrowing |
Answer» B. Unilateral transfer |
246. |
In BOP, total receipts must be equal to total _ . |
A. | payment |
B. | deficit |
C. | income |
D. | revenue |
Answer» A. payment |
247. |
Reducing the value of domestic currency in term of foreign currency : |
A. | Deflation |
B. | Exchange control |
C. | Tariff |
D. | Devaluation |
Answer» D. Devaluation |
248. |
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 |
249. |
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 |
250. |
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 |
251. |
Reducing public expenditure to correct BOP disequilibrium is a _ __ measure. |
A. | Monetary |
B. | Fiscal |
C. | Special |
D. | Commercial |
Answer» B. Fiscal |
252. |
_ 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 |
253. |
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 |
254. |
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 |
255. |
_ _ disequilibrium is chronic in nature. |
A. | Cyclical |
B. | Fundamental |
C. | Structural |
D. | Monetary |
Answer» B. Fundamental |
256. |
Expenditure switching policy is also known as _ _ . |
A. | Devaluation |
B. | Revaluation |
C. | Appreciation |
D. | Depriciation |
Answer» A. Devaluation |
257. |
_ term long run disequilibrium as fundamental disequilibrium . |
A. | IMF |
B. | UN |
C. | WTO |
D. | World Bank |
Answer» A. IMF |
258. |
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 |
259. |
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 |
260. |
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 |
261. |
GATs deals with trade in _ . |
A. | Services |
B. | patent |
C. | copyright |
D. | trademarks |
Answer» A. Services |
262. |
TRIMs deals with _ . |
A. | Foreign investment |
B. | Foreign aid |
C. | Services |
D. | Goods |
Answer» A. Foreign investment |
263. |
_ agreement deals in trade in services |
A. | TRIMs |
B. | TRIPs |
C. | GATs |
D. | UNCTAD |
Answer» C. GATs |
264. |
The WTO agreements cover _ . |
A. | TRIPs |
B. | IMF |
C. | UNCTAD |
D. | ASEAN |
Answer» A. TRIPs |
265. |
WTO promote _ trade. |
A. | bilateral |
B. | multilateral |
C. | unilateral |
D. | restricted |
Answer» B. multilateral |
266. |
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 |
267. |
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 |
268. |
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 |
269. |
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 |
270. |
Which of the institutions is not a part of the world bank community? |
A. | IFC |
B. | IDA |
C. | WTO |
D. | IBRD |
Answer» C. WTO |
271. |
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 |
272. |
The declaration recognised that the TRIPs agreement should protect public health. |
A. | Brazil |
B. | Doha |
C. | Bandung |
D. | Singapore |
Answer» B. Doha |
273. |
TRIMs deals with |
A. | Foreign investme |
B. | Foreign aid |
C. | Services |
D. | Goods |
Answer» A. Foreign investme |
274. |
_ 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 |
275. |
_ refers to the process of buying and selling a foreign currency in two different market at same time. |
A. | Arbitrage |
B. | Speculation |
C. | Spot exchange rate |
D. | Hedging |
Answer» A. Arbitrage |
276. |
Transactions in the foreign exchange market are carried out are termed as _. |
A. | fixed rate |
B. | forward rate |
C. | exchange rate |
D. | Hedging |
Answer» C. exchange rate |
277. |
Demand for foreign exchange varies _ with the exchange rates. |
A. | Direct |
B. | Negative |
C. | inversely |
D. | positive |
Answer» C. inversely |
278. |
When supply of foreign exchange is increased given the demand for foreign exchange, the rate of exchange _. |
A. | decrease |
B. | increases |
C. | Direct |
D. | upward |
Answer» A. decrease |
279. |
When demand for foreign exchange increases, the exchange rate _. |
A. | increases |
B. | inversely |
C. | decrease |
D. | unrelated |
Answer» A. increases |
280. |
The relative version is considered to be _ to absolute version. |
A. | superior |
B. | Gustav Cassel |
C. | selection of index numbers |
D. | inferior |
Answer» A. superior |
281. |
The relative version of the PPP theory is propounded by _. |
A. | Cassel |
B. | Adam Smith |
C. | J.S.Mill |
D. | Alfred Marshall |
Answer» A. Cassel |
282. |
According to _ theory, the exchange rate between two currencies is determined by their purchasing power. |
A. | Purchasing Power Parity |
B. | Balance of payment theory |
C. | Mint parity theory |
D. | Comparative advantage theory |
Answer» A. Purchasing Power Parity |
283. |
The -----------is the largest market in the world. |
A. | foreign exchange market |
B. | NSE |
C. | BSE |
D. | NASDAQ |
Answer» A. foreign exchange market |
284. |
The countries of the world are following the exchange rate system. |
A. | fixed |
B. | flexible |
C. | restrictive |
D. | strict |
Answer» B. flexible |
285. |
_ _ is a feature of the foreign exchange market which enables an investor to earn high returns. |
A. | cost |
B. | Leverage |
C. | revenue |
D. | profit |
Answer» B. Leverage |
286. |
_has enabled faster growth of the foreign exchange market. |
A. | Technology |
B. | Leverage |
C. | Internaltrade |
D. | exchange rate |
Answer» A. Technology |
287. |
__ function refer to the function of converting one currency into another. |
A. | Arbitrage |
B. | booking |
C. | asking |
D. | hedging |
Answer» D. hedging |
288. |
_ are authorized to deal in foreign exchange transactions. |
A. | Moneylenders |
B. | Money launderers |
C. | Commercial banks |
D. | RRBs |
Answer» C. Commercial banks |
289. |
Investment in financial assets like shares or bonds abroad will _- the demand for foreign exchange. |
A. | inceae |
B. | decrease |
C. | keep constant |
D. | fluctuate |
Answer» A. inceae |
290. |
A _ country requires more foreign exchange. |
A. | developing |
B. | developed |
C. | hermit nation |
D. | restrictive |
Answer» A. developing |
291. |
Services rendered by the domestic country to foreign counter parts increase the _ of foreign exchange. |
A. | supply |
B. | demand |
C. | manufacture |
D. | produce |
Answer» A. supply |
292. |
Unilateral payments received _ _ the supply of foreign exchange. |
A. | increase |
B. | decrease |
C. | does not change |
D. | drastically changes |
Answer» A. increase |
293. |
_ rate variations can affect the equilibrium exchange rate. |
A. | Birth |
B. | death |
C. | inflation |
D. | production |
Answer» C. inflation |
294. |
Interest rate differentials the exchange rate. |
A. | affect |
B. | tandardised |
C. | localise |
D. | neutralise |
Answer» A. affect |
295. |
The degree of _ achieved affect the exchange rate. |
A. | education |
B. | health |
C. | growth |
D. | currency |
Answer» C. growth |
296. |
The purchasing power parity theory the difference in the quality of goods. |
A. | considers |
B. | appreciates |
C. | ignores |
D. | values |
Answer» C. ignores |
297. |
The PPP theory _ capital transfers. |
A. | considers |
B. | appreciates |
C. | ignores |
D. | values |
Answer» C. ignores |
298. |
The _rate is determined by the demand for and supply of a currency. |
A. | spot |
B. | forward rate |
C. | option |
D. | futures |
Answer» A. spot |
299. |
The differencbetween bid price and ask price s the _ |
A. | loss |
B. | profit |
C. | value |
D. | difference |
Answer» B. profit |
300. |
_ exchange rate may be either at a premium or discount or at par. |
A. | spot |
B. | forward |
C. | current |
D. | option |
Answer» B. forward |
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