Select the correct option of the following statements being correct or incorrect.Statement (I): International liquidity encompasses the international reserves only.Statement (II): International liquidity covers only official holdings of gold, foreign exchange, SDRs and reserve position in the IMF available for the settlement of the international transactions.
A. Both the statements are correct
B. Both the statements are incorrect
C. Statement (I) is correct while Statement (II) is incorrect
D. Statement (I) is incorrect while Statement (II) is correct
Select an option to see the answer and solution.
Foreign Exchange and foreign currencies in India are governed by:
A. SCRA Act
B. Banking Regulation Act
C. FEMA Act
D. SEBI Act
Select an option to see the answer and solution.
Match the items of
List-I with those in
List-II and select the correct answer.
List-I List-II
a. Bank Rate Policy
1. Involving the shortening of the currency of bills eligible for rediscount.
b. Credit Rationing
2. Involving the purchase and sale of securities in the open market.
c. Variable Reserve System
3. Involving the alteration of discount rate.
d. Open Market Operations
4. Involving the Variation of the minimum reserve.
A. a-1, b-4, c-2, d-3
B. a-2, b-1, c-3, d-4
C. a-4, b-2, c-1, d-3
D. a-3, b-1, c-4, d-2
Select an option to see the answer and solution.
Relaxing the restrictions and controls imposed on business and industry means
A. Liberalization
B. Privatization
C. Globalization
D. None of these
Select an option to see the answer and solution.
If the price elasticity of demand for exports is zero, then exports in local currency will
A. Be the same after devaluation
B. Fall after devaluation
C. Substantially increase after devaluation
D. Partially increase after devaluation
Select an option to see the answer and solution.
Which of the following statements is/are incorrect?
A. Listing receipts and payments in international transaction for a country is called balance of trade
B. In the balance of payment, gifts from foreigners is unrequited receipts
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Which of the following two schemes were introduced under the new foreign trade policy, 2015-2020?
A. Merchandise Export from India Scheme and Services Export from India Scheme
B. Services Export from India Scheme and Services Import from India Scheme
C. Services Import from India Scheme and Merchandise Export from India Scheme
D. Merchandise Import from India Scheme and Services Export from India Scheme
Select an option to see the answer and solution.
Who is the fiscal agent and advisor to Government in monetary and financial matters?
A. NABARD
B. SBI
C. RBI
D. None of the above
Select an option to see the answer and solution.
Match the following.
List-I (Organisations)List-II (Features)
a. SAARC
1. It creates procedures for the resolution of trade disputes
b. ASEAN
2. It is dedicated to economic, technological, social and cultural development
c. NAFTA
3. Non-interference in the internal affairs of one another
A. a-3, b-2, c-1
B. a-2, b-1, c-3
C. a-1, b-2, c-3
D. a-2, b-3, c-1
Select an option to see the answer and solution.
The term "hot money" is used to refer to
A. Currency + reserves with the RBI
B. Net GDR receipts
C. Net foreign direct investment
D. Foreign portfolio investment
Select an option to see the answer and solution.
Which of the following does not fall within the jurisdiction of MRTP Commission?
A. Prevention of monopolistic trade practices
B. Prevention of restrictive trade practices
C. Prohibition of unfair trade practices
D. Regulation of combinations
Select an option to see the answer and solution.
Each Governor of IMF has got the right of
A. 250 votes + One additional vote for each SDR 1,00,000 of Quota
B. 253 votes + One additional vote for each SDR 2,00,000 of Quota
C. 244 votes
D. 267 votes
Select an option to see the answer and solution.
Reserve Bank of India controls the activities of some of the following banks in India
A. (i), (ii) and (iii)
B. (i), (iii) and (iv)
C. (ii), (iii) and (iv)
D. (i), (ii), (iii) and (iv)
Select an option to see the answer and solution.
Which of the following is not an environmental force, which must be monitored by marketers?
A. Demographic
B. Natural
C. Political-legal
D. Mega trends
Select an option to see the answer and solution.
In the context of which of the following do you sometimes find the terms amber box, blue box and green box in the news?
A. WTO affairs
B. SAARC affairs
C. UNFCCC affairs
D. India-EU negotiations on PTA
Select an option to see the answer and solution.
Special Drawing Rights (SDRs) is the currency of IMF. This is in the form of
A. Paper currency
B. Gold
C. Silver and gold both
D. Book-keeping entry only
Select an option to see the answer and solution.
Match the following.
List-I (IMF Facilities)List-II (Features)
a. Stand by arrangements
1. Overcoming BoP difficulties
b. Extended fund facility
2. To provide short-term BoP assistance for deficit of a temporary and cyclical nature
c. Poverty, reduction and growth facility
3. It is aimed at preventing the spread of crisis
d. Contingent credit lines facility
4. To support programmes to strength substantially and in suitable manner BoP positions
A. a-4, b-3, c-1, d-2
B. a-3, b-2, c-4, d-1
C. a-2, b-1, c-4, d-3
D. a-3, b-1, c-4, d-2
Select an option to see the answer and solution.
The World Bank provides long-term loans for various development projects of . . . . . . . . duration.
A. 5-20 years
B. 10-30 years
C. 3-15 years
D. None of these
Select an option to see the answer and solution.
Consider the following statements.Assertion (A): TRIPS requires an understanding about the scope of the new patent regime.Reason (R): Patent protection will be extended to microorganisms, non-biological and microbiological processes and plant varieties.
A. (A) and (R) are not related with each other
B. (R) is related with (A)
C. (A) is independent of (R)
D. While (R) is related with TRIMS, (A) is related with TRIPS
Select an option to see the answer and solution.
Additional risk that have to be taken care of, while trading across nations are
A. exchange risk
B. country risk
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
