In respect of international business, a project is called a turnkey project because
A. The licensee agree to construct an entire plant in his home country and hands over the key
B. The licensor starts the operation and hands over the key of the operating plant to the licensee
C. The licensor starts the operation and then invites the licensee and hands over the key to complete the remaining work
D. The licensor and the licensee jointly carry out the project and agree to share profit equally
Select an option to see the answer and solution.
The Flagship Project of Government of India launched for generating guaranteed employment in rural areas is known as
A. PMRY
B. MNREGA
C. JRY
D. NREP
Select an option to see the answer and solution.
Both foreign direct investment (FDI) and foreign portfolio investment (FPI) are related to investment in a country. Which of the following is incorrect regarding FDI and FPI?
A. Both FPI and FDI bring capital into the economy
B. FII invests in technology-oriented enterprises, whereas FPI invests in traditional business setups
C. The restrictions on the entry of FDI are lower than that on FPI
D. FDI is considered to be more stable than FPI. FPI can be withdrawn even at a short notice
Select an option to see the answer and solution.
If the currency of Rupee decreases against the US $, then what does it mean for the price of products of that nation in foreign country?
A. The nation is now practically offering its products and services at a cheaper price in a foreign nation
B. The nation is now practically offering its products and services at a higher price in a foreign nation
C. It will no effect on the prices of the products
D. There is no link between two situations
Select an option to see the answer and solution.
Environmental degeneration does not consist of
A. land degeneration and soil erosion
B. Problem of overgrazing and ecological degeneration
C. Floods
D. None of the above
Select an option to see the answer and solution.
Uruguay Round pertains to
A. WTO
B. IMF
C. GATT
D. World Bank
Select an option to see the answer and solution.
Match the following in the term of
Books and
Authors :
Books
Authors
a. India and Economic Reforms
1. Bhagwati. J.
b. Development Planning: The Indian Experience
2. Chakravarty. S.
c. India: Economic and Development and Social Opportunity
3. Drenz, J. Amartya Sen
d. Fiscal Policy of Underdeveloped Countries
4. Chelliah, R. J.
A. a-1, b-2, c-3, d-4
B. a-2, b-3, c-4, d-1
C. a-3, b-4, c-2, d-1
D. a-1, b-4, c-3, d-2
Select an option to see the answer and solution.
The important objectives of WTO are
1. To improve the quality of technology in the member countries.
2. To improve the standard of living of people in the member countries.
3. To ensure full employment and broad increase in effective demand.
4. To enlarge production and trade of goods.
5. To increase trade of services.
Select the correct answer:
A. 1, 2, 3 and 4
B. 2, 3, 4 and 5
C. 1, 2, 3 and 5
D. 1, 3, 4 and 5
Select an option to see the answer and solution.
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 minimise the inequality in income and wealth
D. To promote employment opportunities
Select an option to see the answer and solution.
Foreign investment can be made through which of the following routes?
1. Foreign Direct Investment (FDI)
2. Foreign Portfolio Investment (FPI)
3. Private Equity Investment (PEI)
4. Foreign Venture Capital Investors (FVCI)
Choose the correct answer
A. 1, 3 and 4
B. Both 1 and 4
C. 1, 2 and 4
D. All of the above
Select an option to see the answer and solution.
Which of the following are outside the scope of the Consumer Protection Act, 1986?
A. Newspaper industry
B. Services provided under contract of personal service
C. Banking industry
D. Both A and B
Select an option to see the answer and solution.
Statement I: Companies with low cash reserves normally prefer licensing mode rather than foreign direct investment.
Statement II: Cash rich firms normally prefer foreign, direct investment.
A. Both statements are true
B. Both statements are false
C. Statement I is true, but Statement II is false
D. Statement I is not true, but Statement II is true
Select an option to see the answer and solution.
NAFTA came into force from January, 1994 embracing
A. USA, Canada, Cuba, Trinidad and Tobago
B. USA, Canada, Mexico
C. Cuba, Mexico, USA, Havana
D. Trinidad, The USA, Mexico
Select an option to see the answer and solution.
Match the items of
List II and with the items of
List I relating to WTO impact:
List-I
List-II
a. NAMA
1. Liberalisation of international investments.
b. GADS
2. Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries.
c. TRIMs
3. Liberalisation of trade in goods and services.
d. TRIPs
4. Provides monopoly power to owners of intellectual property
A. a-2, b-1, c-4, d-3
B. a-4, b-2, c-3, d-1
C. a-2, b-3, c-1, d-4
D. a-3, b-2, c-4, d-1
Select an option to see the answer and solution.
The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following?
A. Adam Smith
B. David Ricardo
C. Heckscher and Bertil Ohlin
D. Michael Porter
Select an option to see the answer and solution.
Which of the following have been recognised under the intellectual property eligible for creation of rights as per WTO mandate?
1. Computer software, music disc, performing art
2. Geographical indicator
3. Global positioning system
4. Journals, books, seeds, design, brand
Select the correct answer:
A. 1, 2 and 3
B. 1, 3 and 4
C. 1, 2 and 4
D. 2, 3 and 4
Select an option to see the answer and solution.
The current account of the balance of payments includes all of the following items except which one?
A. The inflow of capital investment by multinational companies
B. Exports of manufactured goods
C. Interest payments on overseas debts
D. Expenditure in a country by overseas visitors
Select an option to see the answer and solution.
Which one among the following has the largest share of exports from India?
A. Agriculture and allied commodity
B. Gems and jewellery
C. Handicrafts
D. Electronic goods
Select an option to see the answer and solution.
Which of the following is not the salient feature of the industrial policy developments since 1991?
A. The scope of the private sector has been enormously expanded
B. Public sector has been withdrawing partially or fully from several of the enterprises by divestment
C. The Indian industry is increasingly exposed to foreign competition
D. Monopoly or dominant position for public sector in most of the industries and control of the commanding heights of the economy by the public sector
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer:
List-I
List-II
a. Political and legal environment
1. Important for industries directly depending on imports or exports
b. Demographic environment
2. Close relationship with the economic system and economic policy
c. Economic environment
3. Related to natural resources
d. Geographical and ecological environment
4. Occupational and spatial mobilities of population having implications for business
A. a-2, b-4, c-3, d-1
B. a-2, b-4, c-1, d-3
C. a-1, b-2, c-3, d-4
D. a-1, b-2, c-4, d-3
Select an option to see the answer and solution.