McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 51. |
Both foreign direct investment (FDI) and foreign institutional investment (FII) are related to investment in a country. Which of the following is incorrect regarding FDI and FII? |
| A. | Both FII and FDI bring capital into the economy. |
| B. | FII invests in technology-oriented enterprises, whereas FDI invests in traditional business set ups. |
| C. | The restrictions on the entry of FDI are lower than that on FII. |
| D. | FDI is considered to be more stable thna FII. FII can be withdrawn even at a short notice. |
| Answer» B. FII invests in technology-oriented enterprises, whereas FDI invests in traditional business set ups. | |
| 52. |
: Which of the following statements is/are correct regarding FDI under automatic route?
|
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 53. |
Which of the following are the components of foreign capital?
|
| A. | 1, 2, 3, and 4 |
| B. | 1, 2, and 4 only |
| C. | 1 and 2 only |
| D. | 3 and 4 only |
| Answer» A. 1, 2, 3, and 4 | |
| 54. |
The value of Special Drawing Right (SDR) is determined by the basket of ......currencies. |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 7 |
| Answer» B. 5 | |
| 55. |
Which of the following is not the objective of the IMF? |
| A. | To promote international monetary cooperation |
| B. | To ensure balanced international trade |
| C. | To ensure exchange rate stability |
| D. | To provide loan to private sectors |
| Answer» D. To provide loan to private sectors | |
| 56. |
If the Balance of Payment of a country is adverse, then which institution will help that country? |
| A. | World Bank |
| B. | World Trade Organization |
| C. | International Monetary Fund |
| D. | Asian Development Bank |
| Answer» C. International Monetary Fund | |
| 57. |
Which of the following is known as the Paper Gold? |
| A. | US Dollar |
| B. | Pound |
| C. | Demand draft |
| D. | Special Drawing Right |
| Answer» D. Special Drawing Right | |
| 58. |
Why the World Bank was established? |
| A. | To promote the International Trade |
| B. | To reconstruct the economies damaged during the Second World War |
| C. | To improve the adverse Balance of Payment situation of the nonmember countries |
| D. | None of the above |
| Answer» B. To reconstruct the economies damaged during the Second World War | |
| 59. |
Which of the following statement is correct? |
| A. | Every member country of the IMF automatically becomes the member of the World Bank |
| B. | The World Bank has 45 founder members |
| C. | India is not the founding member of the World Bank |
| D. | IMF is the part of World Bank group |
| Answer» A. Every member country of the IMF automatically becomes the member of the World Bank | |
| 60. |
Which of the following institutions is not part of the World Bank community? |
| A. | IBRD |
| B. | WTO |
| C. | IDA |
| D. | IFC |
| Answer» B. WTO | |
| 61. |
The main focus of IBRD and IDA is on ___________: |
| A. | Developed Countries |
| B. | Developing Countries |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» B. Developing Countries | |
| 62. |
The president is selected by the board of executive directors for a ____year, renewable term: |
| A. | 5 Year |
| B. | 3 Year |
| C. | 4 Year |
| D. | None of The Above |
| Answer» A. 5 Year | |
| 63. |
Which of the following does not form part of current account under balance of payments? |
| A. | Export and import of goods |
| B. | Export and import of services |
| C. | Income receipts and payments |
| D. | Capital receipts and payments |
| Answer» D. Capital receipts and payments | |
| 64. |
Which of the following pairs is not correctly matched with regard to balance of payment accounts? |
| A. | Import of goods and services – Debit in the current account |
| B. | Receipts of transfer payments – Credit in the current account |
| C. | Direct investment receipt – Credit in the capital account |
| D. | Portfolio investment payments – Debit in the current account |
| Answer» D. Portfolio investment payments – Debit in the current account | |
| 65. |
A country is said to be in debt trap if |
| A. | It has to abide by the conditionality imposed by the International Monetary Fund |
| B. | It is required to borrow money to make interest payments on outstanding loans |
| C. | It has been refused loans or aid by creditors |
| D. | The World Bank charges a very high rate of interest on outstanding as well as new loans |
| Answer» B. It is required to borrow money to make interest payments on outstanding loans | |
| 66. |
Balance in capital account refer to the |
| A. | Nation’s net exports of goods and services |
| B. | Nation’s net exports of financial claims |
| C. | Nation’s net exports of international official reserve assets |
| D. | Nation’s sum of net exports of goods, services and financial claims |
| Answer» B. Nation’s net exports of financial claims | |
| 67. |
Where is the headquarter of the WTO? |
| A. | . New York |
| B. | . Washington DC |
| C. | . Geneva |
| D. | . Austria |
| Answer» C. . Geneva | |
| 68. |
Which of the following statement is not true about the WTO? |
| A. | . WTO is a permanent organisation |
| B. | . Uruguay round gave the birth to the WTO |
| C. | .Ministerial Conference is the highest policy making body of the WTO |
| D. | .WTO was officially constituted on 1 January 1991. |
| Answer» D. .WTO was officially constituted on 1 January 1991. | |
| 69. |
Which of the following is not the objective of the WTO? |
| A. | . To improve the standard of living of peoples of the member countries |
| B. | . To enlarge production and trade of goods |
| C. | . To protect environment |
| D. | . To improve the Balance of Payment situation of the member countries |
| Answer» D. . To improve the Balance of Payment situation of the member countries | |
| 70. |
Which of the following body is not related to the WTO? |
| A. | . Dispute Settlement Body |
| B. | .Trade Policy Review Body |
| C. | . Council of trade in goods |
| D. | . Exchange Rate Management Body |
| Answer» D. . Exchange Rate Management Body | |
| 71. |
Which of the followings are called Brettonwoods Twins? |
| A. | IMF & International Bank for Reconstruction and Development (IBRD) |
| B. | IMF & World Trade Organisation |
| C. | IBRD & World Trade Organisation |
| D. | None of the above |
| Answer» A. IMF & International Bank for Reconstruction and Development (IBRD) | |
| 72. |
Which of the following institution is associated with Dunkel Proposals? |
| A. | World Bank |
| B. | International Monetary Fund |
| C. | World Trade Organization |
| D. | United Nations Organization |
| Answer» C. World Trade Organization | |
| 73. |
As per Indian GAAP Financial statements are prepared at : |
| A. | Market value |
| B. | Fair value |
| C. | Cost |
| D. | All of the above |
| Answer» B. Fair value | |
| 74. |
total no. Of IFRS is |
| A. | 14 |
| B. | 16 |
| C. | 17 |
| D. | 18 |
| Answer» C. 17 | |
| 75. |
How many Ind As are there in India |
| A. | 21 |
| B. | 39 |
| C. | 41 |
| D. | 32 |
| Answer» C. 41 | |
| 76. |
The accounting standards are mandatory for |
| A. | Sole proprietor |
| B. | Companies |
| C. | Firms |
| D. | societies |
| Answer» B. Companies | |
| 77. |
what is the Impact of Pandemic COVID-19 on international trade. |
| A. | Long term |
| B. | Short term |
| C. | Both a& b |
| D. | Only a |
| Answer» C. Both a& b | |
| 78. |
Outsourcing has been raising – |
| A. | Nationally |
| B. | Internationally |
| C. | Both a & b |
| D. | Only a |
| Answer» C. Both a & b | |
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