The different forms of IMF assistance are given below.
Identify the one which is mainly meant for Less Developed Countries (LDCs).
A. Credit Tranche Drawing
B. Extended Fund Facility
C. Compensatory Financing Facility
D. Structural Adjustment Facility
Select an option to see the answer and solution.
Match the items of
List-I with
List-II .
List-I
List-II
a. Bretton woods conference
1. WTO
b. Soft loan window
2. World Bank
c. Geneva
3. IFC
d. Loan to private sector
4. IDA
A. a-1, b-3, c-2, d-4
B. a-4, b-3, c-2, d-1
C. a-2, b-4, c-1, d-3
D. a-4, b-2, c-3, d-1
Select an option to see the answer and solution.
The investment in productive assets and participation in management as stakeholders in business enterprise is
A. FDI
B. FII
C. Balance of payment
D. SDR
Select an option to see the answer and solution.
Which of the following is/are correct in context to Exim Bank?
1. Non-banking financial company
2. Commercial bank
3. Non-financial company
Select the correct answer using the options given below
A. Both 1 and 2
B. Only 1
C. Only 2
D. Both 1 and 3
Select an option to see the answer and solution.
Out of the following which is not a major component of Gross Domestic Product (GDP)?
A. Personal Consumption Expenditure
B. Gross Private Domestic Investment
C. Net Personal Income
D. Net Exports
Select an option to see the answer and solution.
Which among the following is closely associated with intellectual property rights?
A. GATS
B. TRIMS
C. TRIPs
D. MFN
Select an option to see the answer and solution.
'Most Favoured National Clause' under WTO requires
A. Preferential treatment to particular identified countries
B. Preferential treatment only to developing countries
C. Preferential treatment to countries with a balance of payments deficit
D. Preferential treatment to all member countries of GATT
Select an option to see the answer and solution.
Which one is not the form of FDI?
A. Purchase of existing assets in foreign currency
B. New Investment in property plant equipment
C. Making investment in the mutual funds
D. Transfer of many types of assets
Select an option to see the answer and solution.
Match the items of
List-I with those of
List-II with regard to international monetary fund's various schemes:
List-I
List-II
a. Extended Fund Facility (EFF)
1. Repayment period 4 to 10 years
b. Stan Arrangements
2. Repayment period 3 to 5 years
c. Supplemented Reserve Fund (SRF)
3. Repayment period 2 to 5 years
d. Poverty Reduction and Growth Facility (PRGF)
4. Repayment period 10 years
A. a-1, b-2, c-3, d-4
B. a-4, b-3, c-2, d-1
C. a-4, b-2, c-3, d-1
D. a-1, b-4, c-2, d-3
Select an option to see the answer and solution.
Which of the following bodies are of IMF?
A. Board of Governors
B. Executive Board
C. Managing Director
D. All of these
Select an option to see the answer and solution.
Which of the following staternent/s is/are true in context of Effective Revenue Deficit (ERD)?
A. ERD is the difference between revenue deficit and grants for creation of capital assets
B. The concept of ERD was suggested by the Rengarajan Committee on Public Expenditure
C. ERD aims to deduct the money used out of borrowing to finance capital expenditure
D. All of the above are true
Select an option to see the answer and solution.
Which one of the following is not the benefit of MNCs to the host nation?
A. Increase in social activity
B. Increase in economic activity
C. Utilization of natural resources
D. R & D efforts enhanced
Select an option to see the answer and solution.
NAFTA was signed by
A. George H. W. Bush
B. Mexican President Salinas
C. Canadian Prime Minister Brian Mulroney
D. All of the above
Select an option to see the answer and solution.
Which of the following statements is/are incorrect?
A. NAFTA grant the signatories most favoured nation status
B. Cooperation for mutual benefit is the principle of ASEAN
C. Both A and B
D. All of the above
Select an option to see the answer and solution.
Under TRIPS Agreement, patent is granted subject to which of the following?
(1) The product or the process is new one.
(2) It contains an inventive step.
(3) It is capable of industrial application for 15 years from the grant of the patent.
(4) It is capable of industrial application for 20 years from the grant of the patent.
A. Only (1) and (2)
B. Only (1), (2) and (3)
C. Only (1), (2) and (4)
D. Only (1) and (4)
Select an option to see the answer and solution.
Consider the following statements and identify the right ones.
1. A double entry system of record of all economic transactions between the residents of a country and rest of the world is called balance of trade.
2. All transactions related to goods, services or income are classified as capital account.
A. Only 1
B. Only 2
C. Both of the above
D. None of the above
Select an option to see the answer and solution.
Rapid economic development or economic growth requires most efficient use of the
A. country's resources
B. foreign investment
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
What is the situation referred to as, amongst the following, when intra-region trade is duty free but there is variation in tariff structure for import from a third country?
A. Customs Union
B. Common Market
C. Free Trade Area
D. Economic Union
Select an option to see the answer and solution.
Flow of foreign loans and investments affect:
A. Trade balance
B. Current Account balance
C. Capital Account balance
D. None of the above
Select an option to see the answer and solution.
Which of the following statement is incorrect?
A. Economic system is not the feature of mixed economy
B. Price mechanism is not affective in socialist economy
C. Classless society is a feature of socialist economy
D. Socialism is an universal economic system
Select an option to see the answer and solution.