Match the following.
List-I (Types of Intellectual Property Rights)List-II (Features)
a. Trademarks
1. It may refer to the creation of a shape colour, pattern or a combination of all these things.
b. Patents
2. It is a symbol generally used to identify a particular product, which indicates its source.
c. Industrial Design Rights
3. These are the designs, practices, formulas etc.
d. Trade Secrets
4. The invention must new and should be useful or can be applied in industries.
A. a-4, b-3, c-2, d-1
B. a-2, b-3, c-4, d-1
C. a-3, b-1, c-4, d-2
D. a-2, b-4, c-1, d-3
Select an option to see the answer and solution.
Which one is not an element of legal environment?
A. Act of Parliamentarians in Lok Sabha
B. Indian Contract Act, 1872
C. Indian Partnership Act, 1932
D. Negotiable instruments Act, 1881
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Where the foreign offer curve has an elasticity of one, the optimum tariff will be
A. infinity
B. unity
C. less than unity
D. all the above
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Indicate the right sequence of the stages of internationalization.
A. (i), (iv), (ii), (iii)
B. (iv), (i), (iii), (ii)
C. (i), (iv), (iii), (ii)
D. (iv), (i), (ii), (iii)
Select an option to see the answer and solution.
The central bank can significantly influence the savings, investments and consumer spending in the economy through which of the following policy?
A. Fiscal Policy
B. Monetary Policy
C. Industrial Policy
D. Foreign Exchange Policy
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Who has demonstrated how prosperity of one country brings prosperity to other countries participating in international trade?
A. Keynes
B. Adam Smith
C. Ohlin
D. None of these
Select an option to see the answer and solution.
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. None of these
Select an option to see the answer and solution.
India is the . . . . . . . . member of IMF.
A. progressive
B. founder
C. additional
D. active
Select an option to see the answer and solution.
Enjoying comparative advantage for a country means having a . . . . . . . . opportunity cost of domestically producing a commodity than the other country.
A. lesser
B. greater
C. no
D. None of these
Select an option to see the answer and solution.
Which of the following pair(s) is fare not correct?
A. Endowment theory assumes that factor modility within a country is complete
B. Imitation gap theory assumes that new products are initially developed in capital rich countries
C. Both A and B
D. None of the above
Select an option to see the answer and solution.
Match the following.
List-I (Concepts)List-II (Advantages)
a. International Monetary Fund
1. Risk factor is always extremely high
b. International Finance Corporation
2. It has failed to achieve of eliminating foreign exchange restrictions
c. Foreign Direct Investment
3. It may transfer technology, which has become outdated in other country
d. MNCs for the host country
4. It charges very high interest rates
A. a-4, b-1, c-2, d-3
B. a-2, b-4, c-1, d-3
C. a-3, b-1, c-4, d-2
D. a-4, b-1, c-3, d-2
Select an option to see the answer and solution.
Globalisation is an example of which macro environment factor?
A. Economic
B. Social
C. Political
D. Technological
Select an option to see the answer and solution.
Which of the following is not an International Financial Institution?
A. ICICI
B. IMF
C. IDA
D. World Bank
Select an option to see the answer and solution.
Match the following.
List-I List-II
a. Capitalist economy is the economy in which
1. Condition of complete employment
b. Main feature of capitalist economy
2. Mixed economy
c. Main feature of socialist economy is
3. Skilled production
d. Capitalist and socialist economy includes
4. Individual ownership own main sources of production and distribution
A. a-4, b-3, c-1, d-2
B. a-4, b-3, c-2, d-1
C. a-1, b-2, c-3, d-4
D. a-4, b-1, c-2, d-3
Select an option to see the answer and solution.
This person wrote 'The Wealth of Nations' and believed the government should have a limited role in business.
A. Bernie Sanders
B. Adam Smith
C. Charles Fourier
D. Hillary Trump
Select an option to see the answer and solution.
The current account is made up of
A. visibles
B. invisibles
C. Both A and B
D. All of the above
Select an option to see the answer and solution.
Which of the following is not included in economic policy of government?
A. Import-export policy
B. Licensing policy
C. Industrial policy
D. Monetary policy
Select an option to see the answer and solution.
Consider the following statements.Statement-I: Served From India Scheme (SFIS) has been replaced with Service Exports from India Scheme (SEIS).Statement-II: The rate of reward under SEIS would be based on net foreign exchange earned.
A. Statement-I is correct, but statement-II is incorrect
B. Statement-II is correct, but statement-I is incorrect
C. Both the statements-I and II are incorrect
D. Both the statements-I and II are correct
Select an option to see the answer and solution.
The main function of money market is to:
A. enable businesses and governments to obtain liquidity
B. encourage saving
C. permit the efficient buying and selling of goods
D. deal in credit instruments of longer duration
Select an option to see the answer and solution.
Which one of the following is not a benefit of privatization?
A. Encourage entrepreneurship
B. Concentration of economic power
C. Better management of enterprise
D. Freedom from bureaucracy
Select an option to see the answer and solution.
