Anti-dumping duties are used to
A. offset the margin of dumping
B. punish domestic consumers for buying high priced imported goods
C. discourage foreign governments from subsidising their exporters
D. reduce the tariff revenue of the domestic government
Select an option to see the answer and solution.
Match the following.
List-I
List-II
a. Adam Smith
1. Availability
b. David Ricardo
2. Endowment
c. Ohlin
3. Absolute advantage
d. I. B. Kravis
4. Comparative advantage
A. a-1, b-2, c-3, d-4
B. a-2, b-4, c-3, d-1
C. a-3, b-4, c-2, d-1
D. a-4, b-3, c-1, d-2
Select an option to see the answer and solution.
The main objective of the World Trade Organization is to secure among others is
A. A general agreement among Common Market Countries on technical training and mutual prices of traded goods
B. The maintenance of intellectual property rights and patent rights of member countries
C. An improvement in the USA's terms of trade in the next decade
D. A reduction in tariffs through negotiation, elimination of import quotas and globalization of international trade
Select an option to see the answer and solution.
Under communism, which of the following persons gave the surplus value theory of wage?
A. David Ricardo
B. Karl Marx
C. Adam Smith
D. F. A. Walker
Select an option to see the answer and solution.
Which of the following can not be included in objectives of globalisation?
A. It focused on industrialisation
B. It emphasised on free flow of capital
C. It enhance unemployment
D. None of the above
Select an option to see the answer and solution.
Which one is not an international organization?
A. SAARC
B. ASEM
C. ASEAN
D. CBDT
Select an option to see the answer and solution.
Which of the following are the benefits of creating MNCs?
(1) Costs can be reduced
(2) Expansion of sales
(3) Secured supply
(4) Development of conducive organizational structure
(5) Technology Transfer to the recipient nation
A. 2, 3, 4 and 5
B. 1, 2, 3, 4 and 5
C. 1, 3, 4 and 5
D. 1, 3 and 5
Select an option to see the answer and solution.
Which policy helps in modifying investment structure of on economy?
A. Monetary policy
B. Fiscal policy
C. Budget
D. Foreign trade policy
Select an option to see the answer and solution.
Which of the following is part of current account?
A. Merchandise exports
B. Merchandise imports
C. Both A and B
D. Neither A nor B
Select an option to see the answer and solution.
A company that has a worldwide approach to markets and production is known as
A. Multinational enterprise
B. Multinational efficiency
C. Multinational company
D. None of these
Select an option to see the answer and solution.
The Age of Discontinuity' (1969) has been authored by
A. John Drydon
B. Cyril Debydeen
C. Peter F. Drucker
D. None of these
Select an option to see the answer and solution.
In the two good Ricardian Trade Model, complete specialization in production occurs in fee trade equilibrium because
A. the production possibility frontier satisfies increasing opportunity cost
B. there are diminishing returns to the factor of production
C. there are increasing returns to the factor of production
D. the production possibility frontier satisfies constant opportunity cost
Select an option to see the answer and solution.
Consider the following statements.
Assertion (A): Under FEMA, the receiver of laundered money is to be made culpable, instead of sender/ distributor.
Reason (R): FEMA differs from the earlier exchange regulation Act FERA with regard to penalties and punishment in case of violation of the Act.
A. (A) is correct but (R) is not correct
B. (A) and (R) both are correct but (R) is not the right explanation of (A)
C. (A) and (R) both are correct and (R) is the right explanation of (A)
D. (A)and (R) both are incorrect
Select an option to see the answer and solution.
Match the following.
List-I (Concepts)
List-II (Features)
a. Free trade
1. Its value is fixed in gold
b. International liquidity
2. Removes tariffs and non-tariff barriers
c. Regional economic integration
3. Aggregate stock of internationally acceptable assets
d. Special drawing rights
4. It permits trading partner's mutual gains from trade of goods and services
A. a-4, b-3, c-2, d-1
B. a-3, b-1, c-4, d-2
C. a-2, b-1, c-4, d-3
D. a-3, b-4, c-1, d-2
Select an option to see the answer and solution.
Which of the following is/are not the objective of IMF?
A. Removal of disparities in international payment
B. Imposition of trade tariff
C. Imposition of exchange control
D. Both B and C
Select an option to see the answer and solution.
Consider the following statements.
A. Fiscal policy is composed of policy decisions relating to entire financial structure of the government including tax revenue, public expenditures, loans, transfers, debt management, budgetary deficit, etc. that is taken care of by Ministry of Finance
B. The objective of monetary policy is to ample liquidity in the market so that price stability and economic growth are taken care of
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Out of the following, which four benefits are available to host countries from MNCs?
(1) Transfer of technology
(2) Learning of business mannerism
(3) Strategic information sharing
(4) Creation of jobs
(5) Entertainment
(6) Better utilization of resources
(7) Enhancing social contacts
(8) Improved competition in local economy
A. 1, 3, 5 and 7
B. 2, 4, 6 and 8
C. 1, 4, 6 and 8
D. 3, 6, 7 and 8
Select an option to see the answer and solution.
Which of the following is not an element of the micro environment of business?
A. Suppliers
B. Competitors
C. Trade Policy
D. Public
Select an option to see the answer and solution.
Which of the following statement is true in context of monetary policy in India?
A. Repo rate should always be greater than reverse repo rate
B. Reverse repo rate should always be greater than repo rate
C. Both repo rate and reverse repo rate should be equal
D. Reverse repo rate is always an alternative rate to repo
Select an option to see the answer and solution.
The main features of TRIMS are:
(i) All restrictions on foreign capital are imposed.
(ii) No restriction is imposed on any area of investment.
(iii) Restrictions on repatriation of dividend is eliminated.
(iv) Imports of raw material is allowed freely.
(v) No limit on the extent of foreign investment.
Indicate the correct combination
A. (i), (ii), (iii) and (v)
B. (ii), (iii), (iv) and (v)
C. (iii), (iv) and (v)
D. (iv) and (v)
Select an option to see the answer and solution.