Heckscher-Ohlin theory explains international trade in terms of
A. demand differences
B. differences in factor endowments
C. differences in labour productivity
D. None of the above
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Which of the following is also known as World Bank?
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A tariff will not have any effect on revenue if the duty imposed is
A. 50%
B. 100%
C. Non-prohibitive
D. Prohibitive
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Which of the following is not the main objective of Fiscal Policy of India?
A. To increase liquidity in economy
B. To promote price stability
C. To minimize the in-equality in income and wealth
D. To promote employment opportunities
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A country is said to have a comparative advantage in the production of a good when:
A. it can produce more of it than any other country
B. it has captured a larger share of the world market than any other country
C. it can produce it at a lower opportunity cost than its trading partners
D. its costs of production tor the good are lower than in other countries
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India is regarded as a country with 'Demographic Dividend'. This is due to:
A. Its high population in the age group below 15 years
B. Its high population in the age group below 15-64 years
C. Its high population in the age group above 65 years
D. Its high total population
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The World Bank is formed as . . . . . . . . body of IMF.
A. supplementary
B. complementary
C. legal
D. None of these
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What are the assumptions of Heckscher-Ohlin Model?
A. No obstruction to trade
B. Commodities and factor are perfectly competitive
C. Both countries operate at same level of efficiency
D. All of the above
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Match the items of
List-I with items of
List-II .
List-I
List-II
a. Wider Market
1. Modes of Entry
b. Turn-key Projects
2. Goal of International Business
c. Expanding the production
3. Advantages of International Business capacities
d. Geocentric approach
4. Stage of Globalization
A. a-4, b-2, c-3, d-1
B. a-3, b-1, c-2, d-4
C. a-1, b-2, c-3, d-4
D. a-4, b-3, c-2, d-1
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The Foreign Investment Promotion Board has now been replaced with Foreign Investment Facilitation Portal (FIFP) in May 2017 that revamps the rules and regulations pertaining to:
A. Accounting of Foreign Investment
B. Investment by NRIs
C. Foreign investments
D. All of the above
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Concessions mainly multinational in character come under the principle of
A. Non-discrimination
B. Reciprocity
C. Market Access
D. Fair Competition
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Consider the following statements.
Assertion (A): WTO is seeking to create free trade.
Reason (R): There is apprehension that a regional trading bloc such as EU can lead to protectionism.
A. Both (A) and (R) are correct and (R) is the right explanation of (A)
B. Both (A) and (R) are correct, but (R) is not the right explanation of (A)
C. (R) is correct, but (A) is not correct
D. Both (A) and (R) are incorrect
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Who has shown how international trade leads to equalisation of factor prices?
A. J. M. Keynes
B. Bertil Ohlin
C. David Ricardo
D. None of these
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Match the items given in
List-I with the most appropriate items in
List-II :
List-I
List-II
a. UNCTAD
1. Foreign investment
b. WTO
2. Developing Countries
c. TRIMS
3. UNDP
d. ITC
4. General Council
A. a-2, b-4, c-1, d-3
B. a-3, b-4, c-1, d-2
C. a-4, b-2, c-1, d-3
D. a-3, b-2, c-1, d-4
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In 1958, bank established . . . . . . . . for providing specific economic assistance to India.
A. India Aid Club
B. India Development Forum
C. Both A and B
D. None of the above
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According to Michael Porter, which of the following can be identified as four determinants of national competitive advantage?
(1) Factor Conditions
(2) Demand Conditions
(3) Firm Strategy, Structure and Rivalry
(4) Related and Supporting Industries
(5) Financial Conditions
(6) Export Industry
A. 1, 2, 4 and 5
B. 2, 3, 4 and 6
C. 1, 2, 3 and 4
D. 2, 3, 4 and 5
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The WTO covers
A. intellectual property
B. services
C. goods
D. Both A and B
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Which of the following is the best example of agreement between oligopolists?
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Factors/Elements of business generally depends on which environment?
A. Social
B. Natural
C. Human
D. Physical
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Which of the following is/are the type of exporting?
A. Direct exporting
B. Indirect exporting
C. Both A and B
D. None of the above
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