Teaching Business Studies International Trade Question Bank

done MCQ - Trade Total Questions - 131

• question_answer1)
  Trade is a process which includes
  A)
   Buying goods and services done clear
  B)
   Selling goods and services done clear
  C)
   Exchanging goods and services done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer2)
  Trade ......... gap between the producer and the consumer.
  A)
   Creates                                     done clear
  B)
   increases done clear
  C)
   Decreases                                  done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer3)
  In external trade, how many countries are involved?
  A)
   1                                             done clear
  B)
   2                       done clear
  C)
   2 or more than 2                        done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer4)
  Documents that are used in internal trade are?
  A)
   Preforms invoice                        done clear
  B)
   Commercial invoice done clear
  C)
   Lorry receipt                              done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer5)
  Wholesalers provides services to
  A)
   Manufacturers                           done clear
  B)
   retailers done clear
  C)
   Both  and                                 done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer6)
  Which service is offered to manufacturers by wholesalers?    
  A)
   Facilitating large scale production   done clear
  B)
   Bearing risk                         done clear
  C)
   Financial assistance done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer7)
  Wholesalers bear lots of risks such  as
  A)
   risk of fall in prices                     done clear
  B)
   theft done clear
  C)
   spoilage                                    done clear
  D)
   All of the above              done clear
  View Solution play_arrow

• question_answer8)
  Wholesalers facilitate continuity of  production by
  A)
   Purchasing the goods produced    done clear
  B)
   selling the goods                  done clear
  C)
   storing the goods done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer9)
  A retailer is a business enterprise that sells goods and services directly to
  A)
   Wholesalers                               done clear
  B)
   other retailers           done clear
  C)
   Customers                                 done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer10)
                Who provides credit facilities to customers?
  A)
   Manufacturers                           done clear
  B)
   Wholesalers done clear
  C)
   Retailers                                    done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer11)
  Foreign trade is also known as
  A)
   external trade                            done clear
  B)
   exterior trade done clear
  C)
   extrinsic trade                            done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer12)
  The aim of foreign trade is/are
  A)
   to increase production done clear
  B)
   to raise the standard of living of the people                      done clear
  C)
   Both  and done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer13)
  The theory of _____ encourages foreign trade.
  A)
   Absolute advantage                    done clear
  B)
   comparative cost done clear
  C)
   Opportunity cost                        done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer14)
  Foreign trade transactions are classified as
  A)
   Import trade                              done clear
  B)
   entrepot trade done clear
  C)
   Export trade                              done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer15)
  There is a need of foreign trade due to
  A)
   Uneven distribution of natural resources done clear
  B)
   Division of labour and specialisation done clear
  C)
   Differences in economic growth rate done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer16)
  Which of the following statements is/are correct?
  A)
   Foreign trade helps citizens to enjoy the possession of goods produced in some other nation done clear
  B)
   The theory of comparative cost encourages foreign trade done clear
  C)
   Both and done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer17)
  Items in the negative list of imports and exports are called
  A)
   Prohibited goods                        done clear
  B)
   restricted goods done clear
  C)
   Exclusive goods                         done clear
  D)
   None of the above          done clear
  View Solution play_arrow

• question_answer18)
       Foreign exchange and foreign currency in India are governed by
  A)
   SCRA Act                                 done clear
  B)
   Banking Regulation Act done clear
  C)
   FEMA Act done clear
  D)
   SEBI Act done clear
  View Solution play_arrow

• question_answer19)
  Match the following

  List I (Concepts)		List II (Features)
  A.	Joint ventures	1.	It is one of the significant macro fundamental variable of an economy.
  B.	Foreign trade	2.	Its entry is for encouraging the capital market and attract foreign funds in India.
  C.	FIIs	3.	It is related to the mechanism of foreign payments.
  D.	Foreign exchange	4.	Its purpose is to utilise the special privileges and influence of the local partner.

  Codes
  A)
           A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1              done clear
  B)
          A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  C)
          A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done clear
  D)
          A\[\to \]1, B\[\to \]4, C\[\to \]2, D\[\to \]3 done clear
  View Solution play_arrow

• question_answer20)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Uneven distribution of natural resources leads to the necessity of foreign trade.

  Statement II Foreign trade causes trade fluctuations.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer21)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Foreign trade increase the scope of market.

  Statement II Foreign trade helps the people to get different varieties of goods.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer22)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Both importers and exporters have to prepare several documents.

  Statements II There is longer time gap between supply of goods and receipt of payment.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer23)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Home trades are subject to agreements like GATT.

  Statement II In home trade, payments are realised usually before the trade is executed.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer24)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Imports and Exports (Control) Act, 1947 regulates imports of goods from India.

  Statement II The starting point for any export transaction is an enquiry.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer25)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I A bill of lading is a document of title to the goods.

  Statement II A bill of lading contains all the terms and conditions agreed upon between the ship owner and the charterer.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer26)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Import trade refers to the purchase of goods from a foreign country.

  Statement II It is better to appoint C and F agents for clearing of goods.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer27)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I A specific import license allows imports from any country.

  Statement II A general import license allows imports from particular country only.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
   Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer28)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I The importer has to accept the bill and make payment.

  Statement II The importer has to make payment to other importer.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer29)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I WTO was established on 31st March, 1995.

  Statement II WTO ensure the optimum use of world resources.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer30)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I IFC is a member of World Bank.

  Statement II IFC is headquartered in Washington DC.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer31)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I India is one of the founder members of IMF.

  Statement II India signed the fund agreements on 27th December, 1945.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer32)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I IDA’s Articles of Agreement become effective in 1955.

  Statement II Both IBRD and IDA run on the same lines.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer33)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I WTO treats foreigners and locals equally.

  Statement II The WTO dispute settlement system is faster.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer34)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I 165 countries are IDA members.

  Statement II A country must be a member of IBRD before it joins IDA.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer35)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I Each Governor of IMF has got the right of 350 votes.

  Statement II Each member country of IMF nominates a Governor.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer36)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I World Bank offers long term loans to developing countries.

  Statement II World Bank provides loan for reconstruction and development.

  Codes
  A)
   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer37)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I WTO is a permanent institution with its own secretarial.

  Statement II WTO commitments are not permanent.

  Codes
  A)
   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer38)

  Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

  Statement I IDA’s Articles of Agreement became effective in 1970.

  Statement II Both IBRD and IDA run on the same line.

  Codes
  A)
                                   Both Statements are correct done clear
  B)
                      Both Statements .are incorrect done clear
  C)
                      Statement I is correct, but Statement II is incorrect done clear
  D)
                      Statement I is incorrect, but Statement II is correct done clear
  View Solution play_arrow

• question_answer39)
  Match the following

  List I		List II
  A.	Foreign trade	1.	It is in undertaking by its issue that the bills of exchange drawn by the foreign dealer on the importer will be honoured on presentation upon a specified amount.
  B.	Bill of lading	2.	It is a document of title to the goods.
  C.	Quotation	3.	Trade between two or more nations.
  D.	Letter of credit	4.	It is reply by the seller to the prospective buyer.

  Codes
  A)
                                   A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3   done clear
  B)
                      A\[\to \]3, B\[\to \]2, C\[\to \]4, D\[\to \]1 done clear
  C)
                      A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  D)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  View Solution play_arrow

• question_answer40)
  Which of the following pairs is/are not correctly matched?
  A)
   It cannot be withdrawn without the consent of the beneficially — Irrevocable letter of credit done clear
  B)
                      It is a guarantee for the acceptance and payment of bills without any conditions — Fixed letter of credit done clear
  C)
                      Both  and done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer41)
  TT means in context of foreign exchange rates.
  A)
   Transaction transfer                    done clear
  B)
   Telegraphic transfer done clear
  C)
                      Telephonic transfer                     done clear
  D)
   Treasury and token done clear
  View Solution play_arrow

• question_answer42)
  International trade brings developing countries in contact with
  A)
   developed nations                      done clear
  B)
   modern ideas done clear
  C)
                      developing countries                   done clear
  D)
   substainable growth done clear
  View Solution play_arrow

• question_answer43)
  A letter of credit means
  A)
   a bank agreeing to accept and pay on due date done clear
  B)
                      a letter containing conditions of credit purchase or sale done clear
  C)
                      a letter sent by exporter to importer sanctioning credit deal done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer44)

  Arrange the following in chronological order about acts to regulate industries and foreign exchange in India.

  I. Foreign Exchange Management Act.

  II. Industrial Development and Regulation Act.

  III. Monopolies and Restrictive Trade Practices Act.

  IV. Foreign Exchange and Regulation Act.

  Codes
  A)
                                   III, II, IV, I                                done clear
  B)
   II, III, IV, I done clear
  C)
                      II, IV, III, I                                done clear
  D)
   I, IV, II, III done clear
  View Solution play_arrow

• question_answer45)
  Which of the following is the institution set-up for the promotion of foreign trade?
  A)
   Commodity Boards done clear
  B)
                      Export Inspection Council done clear
  C)
                      The Board of Trade done clear
  D)
                      All of the above done clear
  View Solution play_arrow

• question_answer46)
  Documents used in import trade include                      
  A)
   Import license                            done clear
  B)
   dock challan done clear
  C)
                      Bill of entry                               done clear
  D)
   All of these done clear
  View Solution play_arrow

• question_answer47)
  _____ is a document of title to the goods.
  A)
   Charter party                             done clear
  B)
   Bill of lading done clear
  C)
                      Bill of sight                                done clear
  D)
   All of the above done clear
  View Solution play_arrow

• question_answer48)
  _____ is the permission of the dock office to bring the goods on the doc
  A)
   Dock warrant                             done clear
  B)
   Dock challan done clear
  C)
   Custom permit                           done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer49)
  The starting point for any export transaction is               
  A)
   Order placement               done clear
  B)
                      proforma generation            done clear
  C)
                      enquiry                         done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer50)
              _____price quotation includes the cost of carriage of goods to the station.
  A)
   C and F                                    done clear
  B)
   Station done clear
  C)
                      CIF                                          done clear
  D)
   CWO done clear
  View Solution play_arrow

• question_answer51)
  _____ is one which can be withdrawn by the issuing bank without the prior consent of the exporter.
  A)
   Documentary letter of credit done clear
  B)
                      Revolving letter of credit done clear
  C)
                      Clean letter of credit done clear
  D)
                      Revocable letter of credit done clear
  View Solution play_arrow

• question_answer52)

  Arrange the following steps of export procedure in chronological order.

  I. Order acceptance.

  II. Order placement.

  III. Goods removal from works.

  IV. Goods readiness and documentation.

  Codes
  A)
                                   IV, III, II, I                                done clear
  B)
   II, I, IV, III done clear
  C)
                      III, I, IV, II                                done clear
  D)
   III, IV, I, II done clear
  View Solution play_arrow

• question_answer53)

  Arrange the following steps of import procedure in chronological order.

  I. Trade enquiry.

  II. Obtaining import license and quota.

  III. Obtaining foreign exchange.

  IV. Placing an order.

  Codes
  A)
                                   IV, III, II, I                                done clear
  B)
   II, I, IV, III done clear
  C)
                      III, I, IV, II                                done clear
  D)
   I, II, III, IV done clear
  View Solution play_arrow

• question_answer54)
  Which of the following statements is/are correct?
  A)
   Bill of entry is one of the important documents used in export trade done clear
  B)
                      Commercial invoice is one of the Important documents used in import trade done clear
  C)
                      The exporter will provide a proforma Invoice to the buyer done clear
  D)
                      All of the above done clear
  View Solution play_arrow

• question_answer55)
  Which of the following statements is/are incorrect?
  A)
   The aim of foreign trade is to increase production done clear
  B)
                      Entrepot trade is not in the category of foreign trade done clear
  C)
                      Both  and done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer56)

  Arrange the following steps of export procedure in chronological order.

  I. Customs clearance.

  II. Bank to bank forwarding.

  III. Bills negotiation.

  IV. Documents forwarding.

  Codes
  A)
                                   III, IV, I, II                                done clear
  B)
   I, IV, III, II done clear
  C)
                      II, III, IV, I                                done clear
  D)
   III, I, IV, II done clear
  View Solution play_arrow

• question_answer57)

  Arrange the following steps of import procedure in chronological order.

  I. Payment to exporter

  II. Follow-up

  III. Payment to C and F agent

  IV. Clearing of goods order

  Codes
  A)
                                   IV, III, I, II                                done clear
  B)
   III. II, IV, I done clear
  C)
                      II, III, IV, I                                done clear
  D)
   IV, I, II, III done clear
  View Solution play_arrow

• question_answer58)
  Match the following

  List I		List II
  A.	Foreign trade	1.	A document by which a charterer enters into a contract
  B.	Home trade	2.	A document of title to the goods
  C.	Bill of lading	3.	Bankers may or may not be the intermediaries
  D.	Charter party	4.	Division of labour and specialisation

  Codes
  A)
   A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1  done clear
  B)
   A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 done clear
  C)
   A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  D)
   A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2 done clear
  View Solution play_arrow

• question_answer59)

  Arrange the following steps of export procedure in chronological order.

  I. Customs obligation discharge

  II. Receipt of bank certificate

  III. Bills negotiation

  IV. Bank to bank documents forwarding

  Codes
  A)
   III, I, IV, II                    done clear
  B)
   IV, II, I, III done clear
  C)
   III, IV, I, II                    done clear
  D)
   II, I, IV, III done clear
  View Solution play_arrow

• question_answer60)
  Match the following

  List I		List I
  A.	Dock warrant	1.	Permit issued by custom authorities to export goods
  B.	Custom permit	2.	Items which require licence for imports and exports
  C.	Prohibited goods	3.	Permission of the dock office to bring the goods on: the dock
  D.	Restricted goods	4.	Items in the negative list of import and export

  Codes
  A)
                                   A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1  done clear
  B)
                      A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  C)
                      A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  D)
                      A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done clear
  View Solution play_arrow

• question_answer61)
  Which of the following pairs is/are not correctly matched?
  A)
   An order to the exporter through intermediaries for supply of goods — Indent done clear
  B)
                      All expenses upto the goods discharged on land at the port of destination — Duty paid price done clear
  C)
                      Both  and done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer62)

  Arrange the following steps of import procedure in chronological order.

  I. Receipt of shipment advice

  II. Appointing C and F agents

  III. Receipt of documents

  IV. Dispatching a letter of credit

  Codes
  A)
                                   III, II, IV, I                                done clear
  B)
   IV, II, I, III done clear
  C)
                      III, II, I, IV                                done clear
  D)
   II, I, IV, III done clear
  View Solution play_arrow

• question_answer63)

  Arrange the following steps of export procedure in chronological order.

  I. Proforma generation

  II. Order acceptance

  III. Enquiry

  IV. Order placement

  Codes
  A)
                                   III, I, IV, II                                done clear
  B)
   I, II, III, IV      done clear
  C)
                      IV, III, II, I                                done clear
  D)
   II, IV, III, I done clear
  View Solution play_arrow

• question_answer64)
  Countries who are eligible for both IDA assistance due to low per capita income and credit worthy for some IBRD borrowing are called
  A)
   Conditional borrower done clear
  B)
                      Blend borrowers done clear
  C)
                      Participating borrowers done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer65)
  Which conference gave birth to the IMF?
  A)
   Bretton Woods Conference done clear
  B)
                      Agency of United Nations done clear
  C)
                      Uruguay Round Conference done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer66)
  Which of the following is/are not the objective of IMF?
  A)
   Removal of disparities in international payment done clear
  B)
                      Imposition of trade tariff done clear
  C)
                      Imposition of exchange control done clear
  D)
                      Both  and done clear
  View Solution play_arrow

• question_answer67)
  Which country can take the membership of IMF?
  A)
   A developed country done clear
  B)
                      A developing country done clear
  C)
                      Under developed countries done clear
  D)
                      Any country who follow the rule of IMF done clear
  View Solution play_arrow

• question_answer68)
  Who is the highest officers of IMF?
  A)
   Board of Governors done clear
  B)
                      Alternate Governor done clear
  C)
                      Executive Director done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer69)
  IMF started its operation on
  A)
   1946                                        done clear
  B)
   1947 done clear
  C)
                      1950 done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer70)
  Each country in IMF nominates a (an)......... Governor who casts vote in the absence of the Governor.
  A)
   Additional                                 done clear
  B)
   Casual done clear
  C)
                      Alternate                                   done clear
  D)
   None of the above done clear
  View Solution play_arrow

• question_answer71)
  India is the ......... member of IMF.
  A)
   Progressive                                done clear
  B)
   founder done clear
  C)
                      Additional                                 done clear
  D)
   active done clear
  View Solution play_arrow

• question_answer72)
  The World Bank began its operation in
  A)
   June, 1950                                done clear
  B)
   June, 1946 done clear
  C)
                      July, 1944                                done clear
  D)
   August, 1950 done clear
  View Solution play_arrow

• question_answer73)
  Objective of World Bank does not include
  A)
   Assistance in the reconstruction of member countries done clear
  B)
                      Supplement private investment by its own loans and finances done clear
  C)
                      Short-term assistance to member countries done clear
  D)
                      Encourage long-term balanced growth of international trade done clear
  View Solution play_arrow

• question_answer74)
  The IMF commenced operation in Washington on
  A)
   1st March, 1947                        done clear
  B)
   1st March, 1948 done clear
  C)
                      15th March, 1960                      done clear
  D)
   15th March, 1980 done clear
  View Solution play_arrow

• question_answer75)
  A country leaving the membership of IMF can continue its membership with World Bank, if......... members of bank give their votes in its favour.
  A)
   65%                                                     done clear
  B)
   75% done clear
  C)
                      67%                                                     done clear
  D)
   79% done clear
  View Solution play_arrow

• question_answer76)
  Any member can be debarred from membership of World Bank if
  A)
   it gives written notice to the bank done clear
  B)
                      it work against the guidelines of bank done clear
  C)
                      if it quits membership of IMF done clear
  D)
                      All of the above done clear
  View Solution play_arrow

• question_answer77)
  One Governor and one substitute Governor of World Bank is appointed for
  A)
   2 years                                     done clear
  B)
   5 years done clear
  C)
                      7 years                                     done clear
  D)
   none of the above done clear
  View Solution play_arrow

• question_answer78)
  Countries joining World Bank after 31st December, 1945 come under category of
  A)
   Founder member                        done clear
  B)
   general member done clear
  C)
                      Temporary member                    done clear
  D)
   permanent member done clear
  View Solution play_arrow

• question_answer79)
  The headquarters of IMF is located at
  A)
   Japan                                       done clear
  B)
   Washington DC done clear
  C)
                      Rangoon                                   done clear
  D)
   Sri Lanka done clear
  View Solution play_arrow

• question_answer80)
  World Bank grant loans from
  A)
   Own funds done clear
  B)
                      Borrowed funds done clear
  C)
                      By guaranteeing in whole or part loans made by private investors through the investment channels done clear
  D)
                      All of the above done clear
  View Solution play_arrow

• question_answer81)
  The World Bank provides long-term loans for various development projects of......... duration.
  A)
   5-20 years                                 done clear
  B)
   10-30 years done clear
  C)
                      3-15 years                                 done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer82)
  Match the following

  List I (International Body)		List II (Date of Formation)
  A.	World Bank	1.	December, 1945
  B.	International Finance Corporation	2.	26th November, 1966
  C.	Asian Development Bank	3.	December, 1945
  D.	International Monetary Fund	4.	July, 1956

  Codes
  A)
                                   A\[\to \]1, B\[\to \]4, C\[\to \]2, D\[\to \]3  done clear
  B)
                      A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done clear
  C)
                      A\[\to \]3, B\[\to \]2, C\[\to \]1, D\[\to \]4 done clear
  D)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  View Solution play_arrow

• question_answer83)
  The World Bank and the IDA are......... International Financial Institutions.
  A)
   Private                                     done clear
  B)
   complementary done clear
  C)
                      Different                                   done clear
  D)
   same done clear
  View Solution play_arrow

• question_answer84)
  Which of the following pairs is/are not correctly matched?
  A)
   It is controlled and managed by a Board of Governors - MF done clear
  B)
                      It began its operation in June, 1946 - World Bank done clear
  C)
                      It posses a somewhat static view of commercial body relations - UNCTAD done clear
  D)
                      Alt of the above done clear
  View Solution play_arrow

• question_answer85)
  .........is an exclusive right to control the publication, distribution and adaptation of creative works.
  A)
   Patents                                     done clear
  B)
   Copyrights done clear
  C)
                      Trade secrets                             done clear
  D)
   Trademarks done clear
  View Solution play_arrow

• question_answer86)
  ........is a negotiating, committing and controlling organisation.
  A)
   GATT                                      done clear
  B)
   IDA done clear
  C)
                      UNCTAD                                  done clear
  D)
   ADB done clear
  View Solution play_arrow

• question_answer87)
  Which of the following statements is/are incorrect?
  A)
   Currently, IMF has 187 members done clear
  B)
                      Each member country of IMF nominates a Governor done clear
  C)
                      Both  and done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer88)
  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

  Codes
  A)
                                   A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3  done clear
  B)
                      A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 done clear
  C)
                      A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  D)
                      A\[\to \]4, B\[\to \]1, C\[\to \]3, D\[\to \]2 done clear
  View Solution play_arrow

• question_answer89)
  Match the following

  List I (Types of Intellectual Property Right)		List II (Features)
  A.	Copyrights	1.	It is a symbol generally used to identify a particular product.
  B.	Trademarks	2.	Conferred on the owner of a literary or artistic work.
  C.	Patents	3.	It is the responsibility of the owner to keep it.
  D.	Trade secrets	4.	Rights related to new inventions.

  Codes
  A)
           A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3  done clear
  B)
          A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done clear
  C)
          A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2 done clear
  D)
          A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1   done clear
  View Solution play_arrow

• question_answer90)
  Match the following

  List I (Organisations)		List II (Functions)
  A.	International Monetary Fund	1.	To make proposals for putting the policies into effect
  B.	UNCTAD	2.	Reducing tariffs and other trade transactions by member countries
  C.	GATT	3.	Operates on commercial terms targeting profit
  D.	International Finance Corporation	4.	To increase the effective demand for real income growth and goods

  Codes
  A)
           A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3  done clear
  B)
          A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 done clear
  C)
          A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  D)
          A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  View Solution play_arrow

• question_answer91)
  Match the following

  List I (Concepts/Organisations)		List II (Features)
  A.	Asian Development Bank	1.	It was established to encourage FDI in developing countries by protecting investors from non-commercial risks.
  B.	Multilateral Investment Guarantee Agency	2.	Operates on commercial terms targeting profit.
  C.	International Development Association	3.	It is a multilateral finance institution dedicated to reduce poverty in Asia and Pacific.
  D.	International Finance Corporation	4.	Recovery of trade and regional integration.

  Codes
  A)
                                   A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done clear
  B)
                      A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  C)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  D)
                      A\[\to \]4, B\[\to \]1, C\[\to \]3, D\[\to \]2 done clear
  View Solution play_arrow

• question_answer92)
  The WTO covers
  A)
   Intellectual property                    done clear
  B)
   services done clear
  C)
                      Good                                       done clear
  D)
   Both  and done clear
  View Solution play_arrow

• question_answer93)
  Which of the following statements is/are correct?
  A)
   The IMF financial years ends on 30th April done clear
  B)
                      Currently, IMF has 197 member upto 30th June, 2011 done clear
  C)
                      Both  and     done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer94)
              Match the following

  List I (Organisations)		List II (Years of Establishment)
  A.	International Finance Corporation	1.	1966
  B.	Asian Development Bank	2.	1945
  C.	International Monetary Fund	3.	1944
  D.	World Bank	4.	1956

  Codes
  A)
           A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  B)
          A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  C)
          A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  D)
          A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done clear
  View Solution play_arrow

• question_answer95)
  Which of the following pairs is/are not correctly matched?   
  A)
   It was established on 21st December, 1945-IMF done clear
  B)
          It began its operation in June, 1946-World Bank done clear
  C)
          It came into force in 1956 - IDA done clear
  D)
          None of the above done clear
  View Solution play_arrow

• question_answer96)
  Which of the following statements is/are incorrect?
  A)
   GATT was applied on a ‘provisional basis’ done clear
  B)
          GATT rules applied to trade in services                          done clear
  C)
          Both  and               done clear
  D)
          None of the above done clear
  View Solution play_arrow

• question_answer97)

  Arrange the following organisations in the increasing order of their establishment year.

  I. International Finance Corporation

  II. International Monetary Fund

  III. International Development Association

  IV. Asian Development Bank

  Codes
  A)
           II, I, IV, III                    done clear
  B)
   I, II, III, IV done clear
  C)
          III, IV, II, I                    done clear
  D)
   II, IV, III, I done clear
  View Solution play_arrow

• question_answer98)
  Which of the following statements is/are incorrect?
  A)
   IMF make the Balance of Payments deficits done clear
  B)
          IMF provide loans to governments or to any of their political subdivisions done clear
  C)
          Both  and done clear
  D)
          All of the above done clear
  View Solution play_arrow

• question_answer99)

  Consider the following statements in context of WTO

  I. WTO is a permanent body with its over dispute settlement mechanism.

  II. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.

  III. WTO promote international trade.

  IV. WTO banned the foreign currency.

  V. WTO managed the hybrid system of clean floating, currency block etc.

  Which of the statements given above are correct?

  A)
   I and II             done clear
  B)
   II and V done clear
  C)
          I, II and III                    done clear
  D)
   III and IV done clear
  View Solution play_arrow

• question_answer100)
  Match the following

  List I (Concepts/Organisations)		List II (Objectives)
  A.	International Monetary Fund	1.	To reduce inequalities both across and within countries.
  B.	International Finance Corporation	2.	To minimise imbalance in quantum and duration of international trade.
  C.	Asian Development Bank	3.	To assist private enterprises in developing countries by providing them with risk capital.
  D.	International Development Association	4.	To faster the economic development of Asian countries.

  Codes
  A)
           A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  B)
          A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  C)
          A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  D)
          A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2 done clear
  View Solution play_arrow

• question_answer101)
  Match the following

  List I (Organisations)		List II (Establishment Years)
  A.	International Finance Corporation	1.	1945
  B.	International Monetary Fund	2.	1966
  C.	International Development Association	3.	1956
  D.	Asian Development Bank	4.	1960

  Codes
  A)
                                   A\[\to \]4, B\[\to \]1, C\[\to \]2, D\[\to \]3 done clear
  B)
                      A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2 done clear
  C)
                      A\[\to \]2, B\[\to \]3, C\[\to \]4, D\[\to \]1 done clear
  D)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  View Solution play_arrow

• question_answer102)
  Which of the following statements is/are incorrect?
  A)
   WTO helps to protect environment done clear
  B)
                      WTO applied to trade in merchandise goods done clear
  C)
                      Both  and done clear
  D)
                      None of the above done clear
  View Solution play_arrow

• question_answer103)
  Which of the following statements is/are incorrect?
  A)
   The WTO is the embodiment of the Uruguay Round Result done clear
  B)
                      WTO was established on 1st January, 1995 done clear
  C)
                      WTO cannot be described as a ‘free trade’ institution done clear
  D)
                      All of the above done clear
  View Solution play_arrow

• question_answer104)
  Globalisation of financial services is being promoted by
  A)
   World Trade Organisation done clear
  B)
                      International Finance Corporation done clear
  C)
                      International Bank for Reconstruction and Development done clear
  D)
                      International Monetary Fund done clear
  View Solution play_arrow

• question_answer105)
  Long-term financial assistance for development purpose is provided by
  A)
   IMF                                          done clear
  B)
   World Bank done clear
  C)
                      ADB                                        done clear
  D)
   WTO done clear
  View Solution play_arrow

• question_answer106)
  Dunkel proposal was discussed in
  A)
  WTO                                         done clear
  B)
   IMF done clear
  C)
                      World Bank                               done clear
  D)
   ADB done clear
  View Solution play_arrow

• question_answer107)
  Which institution is known as the ‘soft loan window’ of World Bank?
  A)
   IMF                                          done clear
  B)
   IFC done clear
  C)
                      IDA                                          done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer108)
  Which of the following pairs is/are not matched against its name?
  A)
   ASEAN- Economic cooperation amongst all Asian countries done clear
  B)
                      IMF- To remove unfavourable BoP and to provide financial assistance done clear
  C)
                      WTO- Does not allow quantitative restrictions on trade done clear
  D)
                      SAARC- Encourages trade between South Asian countries done clear
  View Solution play_arrow

• question_answer109)
  Match the following

  List I		List II
  A.	WTO	1.	Provides loans to address short-term        BoP problems
  B.	RBI	2.	Multilateral trade negotiating body
  C.	IMF	3.	Facilitating lending and borrowing for reconstruction and development
  D.	IBRD	4.	Central Bank of India

  Codes
  A)
                                   A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3 done clear
  B)
                      A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1 done clear
  C)
                      A\[\to \]3, B\[\to \]2, C\[\to \]4, D\[\to \]1 done clear
  D)
                      A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done clear
  View Solution play_arrow

• question_answer110)
  IMF has raised the quota and voting share of India, India at the .........place among 184 members of the organisation.
  A)
   10th                                         done clear
  B)
   11th done clear
  C)
                      12th                                         done clear
  D)
   13th done clear
  View Solution play_arrow

• question_answer111)
  Governor and Executive Directors of the World Bank representing member countries of......... serve the corporation in similar capacities.
  A)
   WTO                                        done clear
  B)
   IFC  done clear
  C)
                      RBI                                          done clear
  D)
   IMF done clear
  View Solution play_arrow

• question_answer112)
  Which of the following is not an international financial institution?
  A)
   ICICI                                        done clear
  B)
   IMF done clear
  C)
                      IDA                                          done clear
  D)
   World-Bank done clear
  View Solution play_arrow

• question_answer113)
  Match the following

  List I		List II
  A.	World Trade Organisation	1.	1993
  B.	Uruguay Round Negotiation	2.	1995
  C.	WTO-Trade Policy Review Body	3.	1997
  D.	The Patents (Amendment) Act	4.	1999

  Codes
  A)
           A\[\to \]1, B\[\to \]3, C\[\to \]4, D\[\to \]2 done clear
  B)
          A\[\to \]1, B\[\to \]4, C\[\to \]3, D\[\to \]2 done clear
  C)
          A\[\to \]2, B\[\to \]1, C\[\to \]3, D\[\to \]4 done clear
  D)
          A\[\to \]4, B\[\to \]2, C\[\to \]1, D\[\to \]3 done clear
  View Solution play_arrow

• question_answer114)
  Match the following

  List I		List II
  A.	World Bank	1.	1946
  B.	International Finance Corporation	2.	1956
  C.	International Development Agency	3.	1960
  D.	Asian Development Bank	4.	1966

  Codes
  A)
           A\[\to \]1, B\[\to \]2, C\[\to \]3, D\[\to \]4 done clear
  B)
          A\[\to \]1, B\[\to \]3, C\[\to \]4, D\[\to \]2 done clear
  C)
          A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3 done clear
  D)
          A\[\to \]3, B\[\to \]1, C\[\to \]2, D\[\to \]4 done clear
  View Solution play_arrow

• question_answer115)
  Which of the following is also known as World Bank?
  A)
   IMF                                          done clear
  B)
   IBRD done clear
  C)
                      ADB                                        done clear
  D)
   IFC done clear
  View Solution play_arrow

• question_answer116)

  Direction:  In the questions given below are two statements labelled as Assertion A and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion.  International trade leads to over- specialisation.

  Reason (R) Over-specialisation may be disasterous for a country.

  Codes
  A)
   Both A and R are true, and R is the correct explanation of A done clear
  B)
   Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
   A is false, but R is true done clear
  View Solution play_arrow

• question_answer117)

  Direction:  In the questions given below are two statements labelled as Assertion A and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion A International trade helps a country to utilise its resources to the maximum limit.

  Reason (R) International trade does not play any role in eliminating the wastage of resources.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer118)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) International trade leads to spoilage of surplus produce.

  Reason (R) International trade enables different countries to sell their surplus to other countries.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer119)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Problems exist in international trade due to some language spoken everywhere.

  Reason (R) Price lists and catalogues are prepared in English only.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer120)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Problems exist in foreign trade due to import and export restrictions.

  Reason (R) Every country charges custom duties on imports.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer121)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Loco means ‘on the spot’.

  Reason (R) Loco price refers to the cost of goods at the factory of the seller.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer122)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) A fixed exchange rate protects only the payer.

  Reason (R) Due to fixed exchange rate, a payer is not exposed to an additional risk.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer123)
                                                 

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Flexible exchange rate is a shock absorber.

  Reason (R) Flexible exchange rate does not save the internal economy from the disturbing affects from abroad.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer124)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Foreign trade may lead to import of harmful goods.

  Reason (R) Import of goods like cigarettes etc. may ruin the health of the residents of the country.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer125)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Foreign trade is not related to theory of comparative cost.

  Reason (R) Foreign trade decreases the scope of market.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer126)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) There in no risk in transit in case of foreign trade.

  Reason (R) Goods have to be transported over long distances in case of foreign trade.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer127)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Loco price is the lowest price quotation.

  Reason (R) Loco price refers to the cost of all the manufactured goods.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer128)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Joint ventures minimise the business risk.

  Reason (R) The management skills and experience of local partner facilitates easy adaption to changes.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer129)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Fixed exchange rate is convenient.

  Reason (R) Traders and bankers do not favour fixed exchange rate.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer130)

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) Flexible exchange rate involves deflationary effect.

  Reason (R) Flexible exchange rate promotes international trade.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow

• question_answer131)
                                                 

  Direction:  In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

  Assertion (A) The fund is regarded as the guardian of good conduct in sphere of BOP.

  Reason (R) Fund aims at reducing tariffs and other trade transaction by member countries.

  Codes
  A)
                                   Both A and R are true, and R is the correct explanation of A done clear
  B)
                      Both A and R are true, but R is not the correct explanation of A done clear
  C)
                      A is true, but R is false done clear
  D)
                      A is false, but R is true done clear
  View Solution play_arrow