question_answer 1)
Foreign Direct Investment (FDI) is investment directly into production in a country by a company located in another country, then which one of the following modes is correct about the FDI?
A)
Buying a company in the target country done
clear
B)
Expanding operations of an existing business in that country done
clear
C)
Investing in the shares and stocks of a company in the target country done
clear
D)
Both a and b done
clear
E)
All of the above done
clear
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question_answer 2)
Which one of the following factors is taken into account to calculate the Balance of Payment (BoP) of a country?
A)
Current account done
clear
B)
Changes in the foreign exchange done
clear
C)
Errors and omissions done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer 3)
BoP (Balance of Payment) refers to
A)
transactions in the flow of capital done
clear
B)
transactions relating to receipts and payment of invisible done
clear
C)
transactions relating only to exports and imports done
clear
D)
systematic record of all its economic transaction with the rest of the world done
clear
E)
All of the above done
clear
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question_answer 4)
As per recent reports, many countries are planning to introduce 'Tobin Tax', the idea of which was given by a nobel prize winner economist James Tobin in 1978. Tobin Tax, if implemented, will be levied on which of the following?
A)
On the interest income of corporates earned through major investments done
clear
B)
All cash transactions done
clear
C)
Services availed specifically by an elite group of people done
clear
D)
Foreign exchange transactions done
clear
E)
None of the above done
clear
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question_answer 5)
Which of the following is the component of India's Foreign Exchange Reserve?
A)
Special drawing rights done
clear
B)
Reserve tranche position of India in IMF done
clear
C)
Indian currency held by foreign countries done
clear
D)
Both a and b done
clear
E)
All of these done
clear
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question_answer 6)
All of the following are useful options for the government to pursue to bolster foreign exchange reserves, except to
A)
impose exchange controls done
clear
B)
impose export controls done
clear
C)
adjust the exchange rate done
clear
D)
borrow foreign currencies done
clear
E)
permit a free floating exchange rate done
clear
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question_answer 7)
The balance of international indebtedness is a record of a country's international
A)
investment position over a period of time done
clear
B)
investment position at a fixed point in lime done
clear
C)
trade position over a period of time done
clear
D)
trade position at fixed point in time done
clear
E)
None of the above done
clear
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question_answer 8)
On the balance of payments statements, merchandise imports are classified in the
A)
current account done
clear
B)
capital account done
clear
C)
unilateral transfer account done
clear
D)
official settlements account done
clear
E)
None of the above done
clear
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question_answer 9)
Which one of the following is the investment in securities that is intended for financial gain only and does not create a lasting interest in or effective management control over an enterprise?
A)
Foreign direct investment done
clear
B)
Portfolio investment done
clear
C)
Equity direct investment done
clear
D)
Both a and c done
clear
E)
None of these done
clear
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question_answer 10)
Inward remittances by foreign steamship and airlines companies to finance their operating expenses in the country are shown under
A)
the credit side of the current account of balance of payment done
clear
B)
the debit side of the current account of balance of payment done
clear
C)
the credit side of the capital account of balance of payment done
clear
D)
the debit side of the capital account of balance of payment done
clear
E)
None of the above done
clear
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question_answer 11)
Balance of trade of a country is equivalent to
A)
difference between the inward and outward remittances made in foreign exchange done
clear
B)
surplus generated shown in a trading account done
clear
C)
difference between exports and imports done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 12)
With regard to the Export Policy of the Government of India, which of the following statements is correct?
A)
All commodities can be exported without license done
clear
B)
Export licenses are required for only a few items done
clear
C)
Export licenses are required for all items done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 13)
In India, which of the following agencies is responsible for announcing the Foreign Trade Policy?
A)
RBI done
clear
B)
EXIM Bank done
clear
C)
Foreign Ministry done
clear
D)
Industry and Commerce Ministry done
clear
E)
None of these done
clear
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question_answer 14)
What is the full form of 'EPZ'?
A)
Economical Plus Zone done
clear
B)
Entertainment Plus Zone done
clear
C)
Export Promotion Zone done
clear
D)
Electronic Promotion Zone done
clear
E)
None of the above done
clear
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question_answer 15)
SDR, is an international reserve asset, created by the IMF in?
A)
1956 done
clear
B)
1963 done
clear
C)
1969 done
clear
D)
1974 done
clear
E)
1982 done
clear
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question_answer 16)
If the current account for a country is in deficit, then there must be
A)
a surplus in the government budget done
clear
B)
low interest rates done
clear
C)
high productivity done
clear
D)
a capital account surplus done
clear
E)
the presence of attractive investment opportunities done
clear
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question_answer 17)
A potential problem with free floating exchange rates is that
A)
people who practice arbitrage may gain from the losses of others done
clear
B)
uncertainty in exchange rate fluctuations may hinder international trade done
clear
C)
exchange rates may never reach equilibrium done
clear
D)
the currency markets may become monopolised done
clear
E)
less developed countries may issue too much currency done
clear
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question_answer 18)
The balance of trade is given by
A)
income receipts minus income payments on investments done
clear
B)
the balance of unilateral transfers done
clear
C)
merchandise exports plus service exports minus the sum of merchandise and service imports done
clear
D)
merchandise exports minus merchandise imports done
clear
E)
the balance on current account done
clear
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question_answer 19)
Which one of the following percentages is the share of the Indian export in the international trade?
A)
Less than 1% done
clear
B)
More than 1%, but less than 3% done
clear
C)
More than 3%, but less than 5% done
clear
D)
More than 5%, but less than 7% done
clear
E)
More than 8% done
clear
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question_answer 20)
The balance on current account includes all of the following items except
A)
merchandise exports minus merchandise imports done
clear
B)
exports of services minus imports of services done
clear
C)
income receipts minus income payments on investments done
clear
D)
changes in US assets owned abroad and foreign assets owned in the US done
clear
E)
unilateral transfers of currency by individuals done
clear
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question_answer 21)
In an economy's Balance of Payments account,
A)
the capital and current accounts must add to 1 done
clear
B)
the current account is always greater than the capital account done
clear
C)
both the balance on current account and the balance on capital account are zero done
clear
D)
the capital plus current account balances must equal zero done
clear
E)
capital outflows must equal capital inflows done
clear
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question_answer 22)
Floating exchange rates refers to
A)
the ability of exchange rates to even out when displaced by shocks to the foreign exchange market done
clear
B)
new issues of foreign exchange offered on the market done
clear
C)
an exchange rate determined by the demand for and supply of a nation's currency done
clear
D)
an excess demand for a nation's currency that causes its devaluation done
clear
E)
an excess supply of a nation's currency that causes its appreciation done
clear
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question_answer 23)
People who practice arbitrage will create mutually consistent exchange rates if
A)
they operate in a country that practices exchange controls done
clear
B)
exchange rates are set properly by government done
clear
C)
productivity increases in the economy of the country whose currency is being traded done
clear
D)
they buy a currency in one market at a low price and then sell at a high price in another market done
clear
E)
the currency being traded appreciates done
clear
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question_answer 24)
Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?
A)
World Bank done
clear
B)
International Monetary Fund (IMF) done
clear
C)
Asian Development Bank done
clear
D)
Reserve Bank of India done
clear
E)
None of the above done
clear
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question_answer 25)
Which of the following countries has been given permanent membership of the World Trade Organisation recently?
A)
Ukraine done
clear
B)
India done
clear
C)
Pakistan done
clear
D)
Sri Lanka done
clear
E)
None of these done
clear
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question_answer 26)
Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets, freely and at market determined exchange rates?
A)
Capital Account Convertibility done
clear
B)
Financial Deficit Management done
clear
C)
Minimum Support Price done
clear
D)
Restrictive Trade practices done
clear
E)
None of the above done
clear
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question_answer 27)
The Foreign Trade Policy announced in the year 2004 was announced for a period of
A)
two years done
clear
B)
three years done
clear
C)
four years done
clear
D)
live years done
clear
E)
ten years done
clear
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question_answer 28)
The letter 'D' stands for which of the following the abbreviated name OECD? Organisation of Economic Cooperation and
A)
Defence done
clear
B)
Direction done
clear
C)
Dominance done
clear
D)
d) Development done
clear
E)
Devaluation done
clear
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question_answer 29)
The IMF and the World Bank were conceived as institutions
A)
strengthen international economic cooperation and to help create a more stable and prosperous global economy done
clear
B)
IMF promotes international monetary cooperation done
clear
C)
The World Bank promotes long term economic development and. poverty reduction done
clear
D)
All of the above done
clear
E)
None of the above done
clear
View Solution play_arrow
question_answer 30)
In which year was World Bank formed?
A)
1945 done
clear
B)
1956 done
clear
C)
1960 done
clear
D)
1988 done
clear
E)
1978 done
clear
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question_answer 31)
The capital of IMF is made up by contribution of the
A)
credit done
clear
B)
deficit financing done
clear
C)
member nations done
clear
D)
borrowing done
clear
E)
All of these done
clear
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question_answer 32)
India's foreign trade is maximum with
A)
OPEC countries done
clear
B)
OECD countries done
clear
C)
East European countries done
clear
D)
Developing countries (excluding members of OPEC) done
clear
E)
None of these done
clear
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question_answer 33)
One of the main aims of General Agreement of Tariffs and Trade (GATT), and now of WTO, is to obtain
A)
A general agreement on free imports and exports done
clear
B)
A reduction of the burden of import and export duties on small trading nations done
clear
C)
A reduction of tariffs by mutual negotiation and elimination of import quotas done
clear
D)
Improvement in economic condition of Developing countries done
clear
E)
None of the above done
clear
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question_answer 34)
Whose part is the International Bureau of Education?
A)
UNESCO done
clear
B)
UNIDO done
clear
C)
IMF done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer 35)
As per the reports published by the World Bank, what percentage of Indian population lives below the new International Poverty Line?
A)
30% done
clear
B)
62% done
clear
C)
52% done
clear
D)
42% done
clear
E)
68% done
clear
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question_answer 36)
Which of the following is not an original member of the UN?
A)
Pakistan done
clear
B)
India done
clear
C)
Poland done
clear
D)
Cube done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 37)
Who is the watch dog of international trade?
A)
World Bank done
clear
B)
WTO done
clear
C)
IMF done
clear
D)
ILO done
clear
E)
IBRD done
clear
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question_answer 38)
As per the news reports members of the SAARC agreed to establish a 'SAARC' Food Bank' to ensure food security for members in case of any emergency. Which of the following nations agreed to provide maximum quantity of food for the bank?
A)
India done
clear
B)
Pakistan done
clear
C)
Bhutan done
clear
D)
Nepal done
clear
E)
Sri Lanka done
clear
View Solution play_arrow
question_answer 39)
What are the ad-hoc bodies of the UN General Assembly?
A)
Special Committee on Peace Keeping Operation, Human Rights Committee, Committee on the Peaceful Use of Outer Space done
clear
B)
Conciliation Commission for Palestine, Conference on Disarmament, International Law Commission, Scientific Committee on the effects of Atomic Radiation done
clear
C)
Special Committee on the Implementation of the Declaration on the Granting of Independent Countries and Peoples Commission on International Trade Law done
clear
D)
All of the above done
clear
E)
None of the above done
clear
View Solution play_arrow
question_answer 40)
As reported in various newspapers/ magazines, India has doubled its credit to Africa for 5 yr from next fiscal. This decision was taken in which of the following forums?
A)
Meeting of the G-8 nations done
clear
B)
Meeting of the World Trade Organisation 2008 done
clear
C)
India-Africa Forum Summit 2008 done
clear
D)
Meeting of the Foreign Ministers of the SAARC done
clear
E)
None of the above done
clear
View Solution play_arrow
question_answer 41)
Which of the following is not a member of ASEAN?
A)
Malaysia done
clear
B)
Indonesia done
clear
C)
Vietnam done
clear
D)
Britain done
clear
E)
Singapore done
clear
View Solution play_arrow
question_answer 42)
Which of the following pairs is not correct?
A)
SAARC : New Delhi done
clear
B)
ASEAN : Jakarta done
clear
C)
International Committee : Geneva of the Red Cross done
clear
D)
Interpol : Geneva done
clear
E)
Both c and d done
clear
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question_answer 43)
The second BIMSTEC Summit was organised in November 2008 in
A)
Dhaka done
clear
B)
Kathmandu done
clear
C)
Thimpu done
clear
D)
New Delhi done
clear
E)
None of these done
clear
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question_answer 44)
Where is the Headquarters of Inter Parliamentary Union?
A)
Sweden done
clear
B)
UK done
clear
C)
USA done
clear
D)
Switzerland done
clear
E)
India done
clear
View Solution play_arrow
question_answer 45)
When did World Trade Organisation come into force?
A)
2nd Jan, 1948 done
clear
B)
1st Jan, 1995 done
clear
C)
12th Jan, 1948 done
clear
D)
15th Jan, 1946 done
clear
E)
13th Jan, 1947 done
clear
View Solution play_arrow
question_answer 46)
What is the number of member states in the World Trade Organisation?
A)
144 done
clear
B)
148 done
clear
C)
150 done
clear
D)
164 done
clear
E)
170 done
clear
View Solution play_arrow
question_answer 47)
Who have the largest share of world trade?
A)
European Union, USA done
clear
B)
Japan done
clear
C)
Canada done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 48)
Where is the headquarters of World Trade Organisation?
A)
New Delhi done
clear
B)
New York done
clear
C)
Geneva done
clear
D)
Rome done
clear
E)
None of the above done
clear
View Solution play_arrow
question_answer 49)
Which UN Organisation, is called as the World Bank?
A)
International Bank for Reconstruction and Development (IBRD) done
clear
B)
International Banking System done
clear
C)
International Banking Management System done
clear
D)
None of the above done
clear
E)
All of the above done
clear
View Solution play_arrow
question_answer 50)
Which one of the following institutions publish the report of 'World Economic Outlook'?
A)
IMF done
clear
B)
World bank done
clear
C)
RBI done
clear
D)
UNCTAD done
clear
E)
Citi Bank- done
clear
View Solution play_arrow
question_answer 51)
How is the United Nation Monetary and Financial Conference where in the agreements were signed to setup IBRD, GATT and IMF, commonly known?
A)
Bandung Conference done
clear
B)
Bretton Woods Conference done
clear
C)
Versailles Conference done
clear
D)
Yalta Conference done
clear
E)
Geneva Conference done
clear
View Solution play_arrow
question_answer 52)
Which one of the following countries is the first borrower of fund from the International Monetary Fund?
A)
United States done
clear
B)
France done
clear
C)
Spain done
clear
D)
India done
clear
E)
Sri Lanka done
clear
View Solution play_arrow
question_answer 53)
Which one of the following statements is true regarding IMF?
A)
It is not an agency of UNO done
clear
B)
It can grant loan to any country of the world done
clear
C)
It can grant loan to State Government of a country done
clear
D)
It grants loan only to member nations done
clear
E)
All of the above done
clear
View Solution play_arrow
question_answer 54)
Voting rights in the IMF are distributed on the basis of
A)
one country, one vote done
clear
B)
Proportion to the share of the income of the country in the world income done
clear
C)
Proportion to contributions given by each country done
clear
D)
Proportion to quota allotted to countries from time to time done
clear
E)
None of the above done
clear
View Solution play_arrow
question_answer 55)
Which of the following is not a member of Organisation of the Petroleum Exporting Countries (OPEC)?
A)
Algeria done
clear
B)
Brazil done
clear
C)
Ecuador done
clear
D)
Nigeria done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 56)
The headquarters of IMF and World Bank are located at
A)
Geneva and Montreal done
clear
B)
Geneva and Vienna done
clear
C)
New York and Geneva done
clear
D)
Washington DC done
clear
E)
Nigeria done
clear
View Solution play_arrow
question_answer 57)
Which one of the following is the final session of the General Agreement on Tariff and Trade (GATT)?
A)
Singapore Session done
clear
B)
Geneva Session. done
clear
C)
Washington Session done
clear
D)
Uruguay session done
clear
E)
Vienna session done
clear
View Solution play_arrow
question_answer 58)
Balance of trade may be surplus or favourable, when
A)
Exports < Imports done
clear
B)
Exports = imports done
clear
C)
FDI = Imports done
clear
D)
Exports > Imports done
clear
E)
Imports = FDI done
clear
View Solution play_arrow
question_answer 59)
Which of the pillars given above is/are included in Agreement on Agriculture of the WTO?
I. Domestic support II. Market access III. Export subsidies
Select the correct answer using the codes given below
A)
Only II done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
Only I done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 60)
Consider the following statements
I. WTO was established on 1st Jan, 1995. II. It was created by Uruguay round negotiation. III. WTO has 159 members countries.
Which of the statements given above are correct?
A)
I and II done
clear
B)
I and III done
clear
C)
II and III done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 61)
Consider the following statements.
I. IMF and World Bank both are Bretton Wood heir. II. World Bank provides long term loan for promoting balanced economic development. III. IMF provides loans to eliminate BoP disequilibrium.
Which of-the statements given above are correct?
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 62)
Consider the following organisations
I. International Bank for Reconstruction and Development (IBRD) II. International Finance Corporation (IFC) III. International Fund for Agricultural Development (IFAD) IV. International Monetary Fund (IMF)
Which of the above agencies of United Nations is/are correct?
A)
II, III and IV done
clear
B)
III and II done
clear
C)
II and III done
clear
D)
III and IV done
clear
E)
I and II done
clear
View Solution play_arrow
question_answer 63)
Consider the following statements regarding ADB.
I. ADB was established in 1966 and has 67 members at present. II. The bank aims at fighting poverty in Asia and in the Pacific. III. The functions of ADB are different from that of World Bank.
Which of the statements given above is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
I and II done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 64)
Which of the following is/are included in 'Deficit Financing' in India?
I. Borrowing from the Reserve Bank of India. II. Issue of new currency notes. III. Withdrawal of past balances/surpluses etc.
Select the correct answer using the codes given below
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 65)
Which of the following statements is/are true about the 34th Summit of the World's eight most industrialised nations (G-8 Summit) held in July, 2008?
I. The summit took place in Moscow. II. Leaders of G-8 countries endorsed a proposal to have the quantity of the carbon emissions in the air by the year 2050. III. Leaders of G-8 nations also expressed their strong concern about the sharp and frequent rise in the prices of oil products globally.
Codes
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
I and III done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 66)
Consider the following items
I. Gems and jewellery II. Chemicals and related products III. Engineering goods IV. Textiles
Which of the items given above are the top items in India's manufactured exports?
A)
I, II and III done
clear
B)
I, II and IV done
clear
C)
II, III and IV done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 67)
We very frequently read about the activities of the Foreign Exchange Market in newspapers/ magazines. Which of the following is/are the major functions of the same?
I. Transfer of purchasing power from domestic to foreign market. II. Providing credit for financing foreign trade. III. Power to purchase gold from foreign countries, as most of the nations still work on Gold Standards.
Codes
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
I and II done
clear
E)
II and III done
clear
View Solution play_arrow
question_answer 68)
As per the RBI, the economic conditions in India are not yet suitable for full convertibility of Rupee. At present Rupee is convertible at which of the following accounts?
I. Fully at Capital Account II. Fully at Current Account III. Partially at Trade Account
Codes
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
Only II and III done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 69)
Choose the correct option related to World Bank Organisations, IBRD and IDA.
I. India use IDA funds on social sector. II. India use IBRD funds on infrastructure development. III. IBRD loans are cheaper than IDA loans.
Which of the statements given above is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
I and II done
clear
D)
II and III done
clear
E)
All of these done
clear
View Solution play_arrow
question_answer 70)
As per the news published in various financial newspapers, the RBI is r-working the roadmap on Capital Account Convertibility. If this is done, who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions?
I. Public Sector Banks II. Companies which are registered m India III. Government of India IV. Any Individual
Select of the correct answer using the codes given below
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 71)
Consider the following statements.
I. Nominal Effective Exchange Rate (NE'ER) is the weighted average of bilateral exchange rate of the home currency in the terms of foreign currencies. II. Real Effective Exchange Rate (REER) is used to measure the movements of exchange rate as well as inflation differentials between India and its major trading partners.
Which of the statements given above is/are correct?
A)
Only I done
clear
B)
Only II done
clear
C)
Both I and II done
clear
D)
Neither I nor II done
clear
E)
Either I or II done
clear
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question_answer 72)
In order to attract, more foreign exchange the Government of India decided to allow foreign investment in LLP firms, what is full form of 'LLP' as used in this reference? [IBPS PO 2011]
A)
Local Labour Promotion done
clear
B)
Low Labour Projects done
clear
C)
Limited Loan Partnership done
clear
D)
Longer Liability Partnership done
clear
E)
Limited Liability Partnership done
clear
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question_answer 73)
Which of the following organisations has given a warning to the nations of the world that there may be increased risk to global financial stability in the world? [RBI Grade B 2011]
A)
World Bank done
clear
B)
World Trade Organisation done
clear
C)
Asian Development Bank done
clear
D)
International Monetary Fund done
clear
E)
United Nation Organisation done
clear
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question_answer 74)
Which of the following economic concepts is 'categorised on the basis of current account or capital account or both? [RBI Grade B 2011]
A)
Balance of payments done
clear
B)
Value of the food grain stock of a country done
clear
C)
Gross National Product (GNP) done
clear
D)
Gross National Income (GNI) done
clear
E)
Total collection of direct taxes in a year done
clear
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question_answer 75)
Special Drawing Rights are the rights of countries provided by [RBI Grade B 2011]
A)
World Bank done
clear
B)
IMF done
clear
C)
ADB done
clear
D)
Federal Reserve done
clear
E)
None of these done
clear
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question_answer 76)
Which of the following statements is true about International Monetary Fund (IMF)? [RBI Grade B 2011]
A)
It provides ways and means funds to member countries done
clear
B)
It is an agency of the World Bank and is situated in Prague done
clear
C)
It makes all the rules and regulations in relation to the world trade between the nations done
clear
D)
On becoming its member, countries get finance as temporary balance of payment needs done
clear
E)
It is an organisation floated by the members of NATO and caters to the need of those countries only done
clear
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question_answer 77)
The main function of the IMF is [Indian Overseas Bank 2011; Corporation Bank 2011]
A)
to help solve balance of payments problems of member countries done
clear
B)
to arrange international deposits from banks done
clear
C)
to act as private sector lending arm of the World Bank done
clear
D)
to finance investment loans to developing countries done
clear
E)
None of the above done
clear
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question_answer 78)
On which one of the following issues has IMF supported monetary policy of India? [Indian Overseas Bank 2011]
A)
Introduction of GST done
clear
B)
Stimulus for agriculture sector done
clear
C)
Concessions for foreign investment done
clear
D)
Tightening of monetary policy done
clear
E)
None of the above done
clear
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question_answer 79)
Where is the head office of the International Monetary Fund (IMF)? [Andhra Bank 2011]
A)
Paris done
clear
B)
New York done
clear
C)
Washing-ton DC done
clear
D)
Dhaka done
clear
E)
Beirut done
clear
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question_answer 80)
Invisible Export means export of [Corporation Bank 2011]
A)
services done
clear
B)
prohibited goods done
clear
C)
unrecorded goods done
clear
D)
goods through smuggling done
clear
E)
All of these done
clear
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question_answer 81)
What is 'financial inclusion'? [Allahabad Bank 2011]
I. Easy access to bank accounts for safe parking of savings. II. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur. III. Availability of basic financial products like insurance.
Select the correct answer using the codes given below
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
I and II done
clear
E)
All of these done
clear
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question_answer 82)
Which of the following organisations provides guarantee to the exporters? [Allahabad Bank 2011]
A)
Exim Bank done
clear
B)
Export Credit Guarantee Corporation done
clear
C)
Director General Foreign Trade done
clear
D)
Reserve Bank of India done
clear
E)
Registrar of Companies done
clear
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question_answer 83)
Which of the following organisations issues the rules of global trade? [Allahabad Bank 2011]
A)
World Bank done
clear
B)
World Trade Organisation done
clear
C)
Foreign Exchange Dealers' Association done
clear
D)
Directorate General of Foreign Trade done
clear
E)
None of the above done
clear
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question_answer 84)
What is cross border exchange? [Allahabad Bank 2011]
A)
Trading of foreign currency in India done
clear
B)
Trading of Indian rupee in exchange of other Currencies/goods done
clear
C)
Hawala transactions in Indian rupee done
clear
D)
Unauthorised remittance of Indian rupee done
clear
E)
None of the above done
clear
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question_answer 85)
The difference between visible exports and visible imports is defined as [Corporation Bank 2011]
A)
Balance of trade done
clear
B)
Balance of payments done
clear
C)
Balanced terms of trade done
clear
D)
Gains from trade done
clear
E)
All of the above done
clear
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question_answer 86)
Euro was the single currency of European Union, which came in circulation by [Corporation Bank 2011]
A)
1970 done
clear
B)
1985 done
clear
C)
1999 done
clear
D)
2002 done
clear
E)
2007 done
clear
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question_answer 87)
The term 'FTZ' stands for [SBI Clerk 2012]
A)
Free Trade Zone done
clear
B)
Food Trade Zone done
clear
C)
Foreign Trade Zone done
clear
D)
Fiscal Trade Zone done
clear
E)
Financial Trade Zone done
clear
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question_answer 88)
In addition to India and China the following nations are also members of 'BRICS' [SBI Associate 2012]
A)
Bangladesh, Russia and Sri Lanka done
clear
B)
Belgium, Romania and South Africa done
clear
C)
Belgium, Russia and Saudi Arabia done
clear
D)
Brazil, Russia and South Africa done
clear
E)
Bhutan, Russia and Sri Lanka done
clear
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question_answer 89)
Which of the following countries is not a member of Organisation of the Petroleum Exporting Countries (OPEC)? [SBI Associate 2012]
A)
Angola done
clear
B)
Libya done
clear
C)
Bangladesh done
clear
D)
Venezuela done
clear
E)
Qatar done
clear
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question_answer 90)
Which of the following is the abbreviated name of the body/agency setup to boost foreign investments in India? [RBI Assistant 2012]
A)
FOREX done
clear
B)
FCCB done
clear
C)
FIPB done
clear
D)
FEMA done
clear
E)
AITAF done
clear
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question_answer 91)
Which of the following countries is a member of BRICS? [RBI Assistant 2012]
A)
Bhutan done
clear
B)
Iran done
clear
C)
Romania done
clear
D)
Sudan done
clear
E)
South Africa done
clear
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question_answer 92)
The World Health Organisation (WHO) is a specialised agency of the United Nations (UN) that is concerned with international Public Health. It is headquartered at [IBPS PO 2013]
A)
Sweden done
clear
B)
Switzerland done
clear
C)
United Kingdom done
clear
D)
France done
clear
E)
Germany done
clear
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question_answer 93)
MEIS and SEIS introduced in the foreign trade policy of [IBPS PO 2013]
A)
1990-95 done
clear
B)
2000-05 done
clear
C)
2010-15 done
clear
D)
2015-20 done
clear
E)
2016-21 done
clear
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question_answer 94)
Which of the following nations is 'not a member of SAARC? [SBI PO 2014]
A)
Nepal done
clear
B)
Mauritius done
clear
C)
Bhutan done
clear
D)
Afghanistan done
clear
E)
Maldives done
clear
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question_answer 95)
In Trade Finance, a financial transaction involving the purchase of receivables from exporters by a third party who takes all the risks associated with the receivable is known as [SBI PO 2014]
A)
Forfeiting done
clear
B)
Securitisation done
clear
C)
Negotiation done
clear
D)
Factoring done
clear
E)
Assignment done
clear
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question_answer 96)
Union Finance Ministry had announced the decision in the Rajya Sabha debate on the Finance Bill to setup former Justice AP Shah chaired a committee on 7th May, 2015. Shah Committee to look into the issue of [SBI PO 2015]
A)
Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs) done
clear
B)
Trade and Industry done
clear
C)
Science and Engineering done
clear
D)
Bank done
clear
E)
Public Affairs done
clear
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question_answer 97)
Indian Renewable Energy Development Agency Limited (IREDA) was awarded the Miniratna (Category 1) status by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises. Eligibility for Miniratna Category-1 PSEs [SBI PO 2015]
I. They should have made profit in the last three years continuously. II. The pre-tax profit should have been Rs. 30 crore of more in atleast one of the three years. III. Rs. 500 million to be invested Code.
Select the correct answer using the codes given below
A)
I and II done
clear
B)
II and III done
clear
C)
I, II and III done
clear
D)
I or II done
clear
E)
None of these done
clear
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question_answer 98)
Some countries may not worry about an unfavourable balance on current account because [IBPS Clerk 2015]
A)
they know they can always borrow to cover the deficit done
clear
B)
they import capital goods to build up export industries that will eventually, eliminate the deficit. done
clear
C)
deficits are always a stimulant to economic growth, which is a higher priority done
clear
D)
they can if necessary, fix the exchange rate to wipe out the deficit done
clear
E)
their capital account will be favourable since the balance of payments always ends up at 0 done
clear
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question_answer 99)
The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in [RBI Grade B 2015]
A)
Shanghai (China) done
clear
B)
Other than those given as options done
clear
C)
Metro Manila (Philippines) done
clear
D)
Kathmandu (Nepal) done
clear
E)
Jakarta (Indonesia) done
clear
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question_answer 100)
The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. It is headquartered in [SBI Clerk 2016]
A)
Washington DC, US done
clear
B)
Vienna, Austria done
clear
C)
New York, US done
clear
D)
New Delhi, India done
clear
E)
Berlin, Germany done
clear
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question_answer 101)
The headquarters of the 'United Nations World Trade Organisation' is situated in [RBI Grade B 2016]
A)
Madrid, Spain done
clear
B)
Switzerland done
clear
C)
Washington DC, USA done
clear
D)
Paris, France done
clear
E)
Frankfurt, Germany done
clear
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question_answer 102)
The first SAARC Young Parliamentarians Conference (YPC) was recently (August 2016) held in [RBI Grade B 2016]
A)
New Delhi, India done
clear
B)
Thimphu, Bhutan done
clear
C)
Islamabad, Pakistan done
clear
D)
Kabul, Afghanistan done
clear
E)
Kathmandu, Nepal done
clear
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question_answer 103)
The 42nd G-7 summit in 2016 was held in which country? [RBI Grade B 2016]
A)
Japan done
clear
B)
Canada done
clear
C)
France done
clear
D)
Germany done
clear
E)
India done
clear
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