Download Calicut University M.Com Latest 2020 International Business II Question Bank

Download UOC (University of Calicut) M.Com (Master of Commerce) International Business II Question Bank (Important Questions)

INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
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4.
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FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
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L,'s
r^'t
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"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
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atanehi
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fuil,,
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upch
^/
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Lt*'^i6'l
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' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
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atanehi
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fuil,,
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upch
^/
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Lt*'^i6'l
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' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
B. Extended Fund Facility (EFF)
C. Bufferstock Financing Facility (BFF)
20. Quotas of all IMF members are reviewed at intervals of
A. Five years
B. Not more than five years
C. Three years
D. Two years
21. What are the characteristics of the loans provided
by the lnternational
Development Assoclation (lDA)
to member countries?
A. They are on liberal terms with regard to the rate of interest
B. They are on liberal terms with regard to the period
of repayment
C. They can be repaid in the currency of the member country
D. All of the above
.
22. Which of the following is the best example of Agreement between Oligopolists
A, GATT
B. OPEC
C. WTO
D. UNIDO
23. Which type of subsrdies are provided
to industrial research and pro
competitive
development activity in disadvantaged regions?
A. Prohibitedsubsidies
B. Actionable subsidies
C. Non-actionablesubsidies
D. None of the above
24. Consider the following
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
x2tl^chri
i1
/
'^b'o4'u
I
atanehi
I
^qpnt
^lfuc^
fuil,,
Abatt ttt
upch
^/
U
Lt*'^i6'l
Rowd
'
' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
B. Extended Fund Facility (EFF)
C. Bufferstock Financing Facility (BFF)
20. Quotas of all IMF members are reviewed at intervals of
A. Five years
B. Not more than five years
C. Three years
D. Two years
21. What are the characteristics of the loans provided
by the lnternational
Development Assoclation (lDA)
to member countries?
A. They are on liberal terms with regard to the rate of interest
B. They are on liberal terms with regard to the period
of repayment
C. They can be repaid in the currency of the member country
D. All of the above
.
22. Which of the following is the best example of Agreement between Oligopolists
A, GATT
B. OPEC
C. WTO
D. UNIDO
23. Which type of subsrdies are provided
to industrial research and pro
competitive
development activity in disadvantaged regions?
A. Prohibitedsubsidies
B. Actionable subsidies
C. Non-actionablesubsidies
D. None of the above
24. Consider the following
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
Which of the above impose limitations in the use of price indices to measure the
terms of trade?
A. 1and2
B. 2and3
C. 1,2 and 3
D. 1
,2
and 4.
25. The comparative cost Advantage theory was
given
by
A. David Ricardo
B. Adam smith
C. Raymond Vernon
D. Michael E. Parter
26. lndia suffered from deficit balance both in trade and balance and not
invisibles, hence took up a number of Steps to manage the problem.
Which one is not appropriate for this?
A. Export control
B. Current Account Convertibility
C. Liberalised Export Policy
D. Unified Exchange Rate
27. Which of the following is true about the Board of Governors of IMF?
A. They meet once a year
B.They may vote by mail at other times except the annual meeting
C
P.
Both
(A)
and
(B)
$.
They are elected annually
28. Which one of the following is true statement
A.A balance of trade deals with export and import of invisible items only.
B.A balance of
payment
deals with both visible and invisible items.
C.The current account is not a component of balance of payment.
D. All of the above
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
x2tl^chri
i1
/
'^b'o4'u
I
atanehi
I
^qpnt
^lfuc^
fuil,,
Abatt ttt
upch
^/
U
Lt*'^i6'l
Rowd
'
' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
B. Extended Fund Facility (EFF)
C. Bufferstock Financing Facility (BFF)
20. Quotas of all IMF members are reviewed at intervals of
A. Five years
B. Not more than five years
C. Three years
D. Two years
21. What are the characteristics of the loans provided
by the lnternational
Development Assoclation (lDA)
to member countries?
A. They are on liberal terms with regard to the rate of interest
B. They are on liberal terms with regard to the period
of repayment
C. They can be repaid in the currency of the member country
D. All of the above
.
22. Which of the following is the best example of Agreement between Oligopolists
A, GATT
B. OPEC
C. WTO
D. UNIDO
23. Which type of subsrdies are provided
to industrial research and pro
competitive
development activity in disadvantaged regions?
A. Prohibitedsubsidies
B. Actionable subsidies
C. Non-actionablesubsidies
D. None of the above
24. Consider the following
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
Which of the above impose limitations in the use of price indices to measure the
terms of trade?
A. 1and2
B. 2and3
C. 1,2 and 3
D. 1
,2
and 4.
25. The comparative cost Advantage theory was
given
by
A. David Ricardo
B. Adam smith
C. Raymond Vernon
D. Michael E. Parter
26. lndia suffered from deficit balance both in trade and balance and not
invisibles, hence took up a number of Steps to manage the problem.
Which one is not appropriate for this?
A. Export control
B. Current Account Convertibility
C. Liberalised Export Policy
D. Unified Exchange Rate
27. Which of the following is true about the Board of Governors of IMF?
A. They meet once a year
B.They may vote by mail at other times except the annual meeting
C
P.
Both
(A)
and
(B)
$.
They are elected annually
28. Which one of the following is true statement
A.A balance of trade deals with export and import of invisible items only.
B.A balance of
payment
deals with both visible and invisible items.
C.The current account is not a component of balance of payment.
D. All of the above
29. ln lndia
--
has a predominant
share in the debt market.
A. GovernmentSecurities
B. Corporate Deposits
C. Corporate Equity
D. Global Depository Receipts
30. Which of the following is the criteria for approving an IDA credit?
A. Poverty test
B. Performance
test
C. Project test
D. All of the above.
31. Which of the following is NOT true about the borrowings of IMF?
A.The IMF may seek the amount tt needs in any currency.
B.The IMF may seek the amount it needs from official entities.
C.The IMF may seek the amount it needs from private
sources.
E. None of the above:
32. A country making use of the resources
of the IMF is generally
required to carry out
an economic po
cy programme
aimed at achieving a viable balance of
payments
positions
over an approprrate period
of time, which is known as
A. Rationality
B. Conditionality
C. Relativity
D. Flexibitity
33. The companies globalise
their operalions through defficient means
A. Exporting direc y
B. Licensing / Franchising
C. Jolnt venture
D. All of the above
34. Match List-l with List-I and serect the correct answer using the codes given
below the lists: l,'l
I
"AL
til
t
ll
Ab
L
I
tt)
tl
^b
L
I
tt
tt)
abc
Ilt)I
a. lnternatjonal
Finance Corporation l. i956
b. Asian Development
Bank lt. 1966
Cb)
c. lnternational
Development
Association lll. 1960
.,.C
)
td)
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
x2tl^chri
i1
/
'^b'o4'u
I
atanehi
I
^qpnt
^lfuc^
fuil,,
Abatt ttt
upch
^/
U
Lt*'^i6'l
Rowd
'
' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
B. Extended Fund Facility (EFF)
C. Bufferstock Financing Facility (BFF)
20. Quotas of all IMF members are reviewed at intervals of
A. Five years
B. Not more than five years
C. Three years
D. Two years
21. What are the characteristics of the loans provided
by the lnternational
Development Assoclation (lDA)
to member countries?
A. They are on liberal terms with regard to the rate of interest
B. They are on liberal terms with regard to the period
of repayment
C. They can be repaid in the currency of the member country
D. All of the above
.
22. Which of the following is the best example of Agreement between Oligopolists
A, GATT
B. OPEC
C. WTO
D. UNIDO
23. Which type of subsrdies are provided
to industrial research and pro
competitive
development activity in disadvantaged regions?
A. Prohibitedsubsidies
B. Actionable subsidies
C. Non-actionablesubsidies
D. None of the above
24. Consider the following
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
Which of the above impose limitations in the use of price indices to measure the
terms of trade?
A. 1and2
B. 2and3
C. 1,2 and 3
D. 1
,2
and 4.
25. The comparative cost Advantage theory was
given
by
A. David Ricardo
B. Adam smith
C. Raymond Vernon
D. Michael E. Parter
26. lndia suffered from deficit balance both in trade and balance and not
invisibles, hence took up a number of Steps to manage the problem.
Which one is not appropriate for this?
A. Export control
B. Current Account Convertibility
C. Liberalised Export Policy
D. Unified Exchange Rate
27. Which of the following is true about the Board of Governors of IMF?
A. They meet once a year
B.They may vote by mail at other times except the annual meeting
C
P.
Both
(A)
and
(B)
$.
They are elected annually
28. Which one of the following is true statement
A.A balance of trade deals with export and import of invisible items only.
B.A balance of
payment
deals with both visible and invisible items.
C.The current account is not a component of balance of payment.
D. All of the above
29. ln lndia
--
has a predominant
share in the debt market.
A. GovernmentSecurities
B. Corporate Deposits
C. Corporate Equity
D. Global Depository Receipts
30. Which of the following is the criteria for approving an IDA credit?
A. Poverty test
B. Performance
test
C. Project test
D. All of the above.
31. Which of the following is NOT true about the borrowings of IMF?
A.The IMF may seek the amount tt needs in any currency.
B.The IMF may seek the amount it needs from official entities.
C.The IMF may seek the amount it needs from private
sources.
E. None of the above:
32. A country making use of the resources
of the IMF is generally
required to carry out
an economic po
cy programme
aimed at achieving a viable balance of
payments
positions
over an approprrate period
of time, which is known as
A. Rationality
B. Conditionality
C. Relativity
D. Flexibitity
33. The companies globalise
their operalions through defficient means
A. Exporting direc y
B. Licensing / Franchising
C. Jolnt venture
D. All of the above
34. Match List-l with List-I and serect the correct answer using the codes given
below the lists: l,'l
I
"AL
til
t
ll
Ab
L
I
tt)
tl
^b
L
I
tt
tt)
abc
Ilt)I
a. lnternatjonal
Finance Corporation l. i956
b. Asian Development
Bank lt. 1966
Cb)
c. lnternational
Development
Association lll. 1960
.,.C
)
td)
36.
35. How many countries have been undertaken to lend to IMF if there is need to cope
with an impairment of the lnternational monetary system?
-
A. 11
B. 50
c. 15
D. 20
SDR's are popularly known as
A. Currency Notes
8. Paper Gold
C. Silver Coin
D. Gold Coin
Each member of lMF, is assigned a quota expressed in
A. Member country's currency
B. Dollar
J. Special Drawing Rights
"
D. None of the above
Every member of the IMF is required to subscribe to the fund an amount
A. Equivalent to its quota
B. More than its
quota
C. Less than its quota
D. Equivalent to its borrowings
ln lMF, the Executive Board appoints the Fund's Managing Director who serves
As
A. Chairman of Executive Board
B. Chief of the operating staff of Fund
C. Both (A) and
(B)
D. Auditor to the Fund
By which account of the,lMF all its business in national currencies is conducted?
A. General Account'
B. Special disbursement account
C. World Bank Account
D. Drawing Account
3t.
JO.
39.
40.
FirstRanker.com - FirstRanker's Choice
INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
x2tl^chri
i1
/
'^b'o4'u
I
atanehi
I
^qpnt
^lfuc^
fuil,,
Abatt ttt
upch
^/
U
Lt*'^i6'l
Rowd
'
' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
B. Extended Fund Facility (EFF)
C. Bufferstock Financing Facility (BFF)
20. Quotas of all IMF members are reviewed at intervals of
A. Five years
B. Not more than five years
C. Three years
D. Two years
21. What are the characteristics of the loans provided
by the lnternational
Development Assoclation (lDA)
to member countries?
A. They are on liberal terms with regard to the rate of interest
B. They are on liberal terms with regard to the period
of repayment
C. They can be repaid in the currency of the member country
D. All of the above
.
22. Which of the following is the best example of Agreement between Oligopolists
A, GATT
B. OPEC
C. WTO
D. UNIDO
23. Which type of subsrdies are provided
to industrial research and pro
competitive
development activity in disadvantaged regions?
A. Prohibitedsubsidies
B. Actionable subsidies
C. Non-actionablesubsidies
D. None of the above
24. Consider the following
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
Which of the above impose limitations in the use of price indices to measure the
terms of trade?
A. 1and2
B. 2and3
C. 1,2 and 3
D. 1
,2
and 4.
25. The comparative cost Advantage theory was
given
by
A. David Ricardo
B. Adam smith
C. Raymond Vernon
D. Michael E. Parter
26. lndia suffered from deficit balance both in trade and balance and not
invisibles, hence took up a number of Steps to manage the problem.
Which one is not appropriate for this?
A. Export control
B. Current Account Convertibility
C. Liberalised Export Policy
D. Unified Exchange Rate
27. Which of the following is true about the Board of Governors of IMF?
A. They meet once a year
B.They may vote by mail at other times except the annual meeting
C
P.
Both
(A)
and
(B)
$.
They are elected annually
28. Which one of the following is true statement
A.A balance of trade deals with export and import of invisible items only.
B.A balance of
payment
deals with both visible and invisible items.
C.The current account is not a component of balance of payment.
D. All of the above
29. ln lndia
--
has a predominant
share in the debt market.
A. GovernmentSecurities
B. Corporate Deposits
C. Corporate Equity
D. Global Depository Receipts
30. Which of the following is the criteria for approving an IDA credit?
A. Poverty test
B. Performance
test
C. Project test
D. All of the above.
31. Which of the following is NOT true about the borrowings of IMF?
A.The IMF may seek the amount tt needs in any currency.
B.The IMF may seek the amount it needs from official entities.
C.The IMF may seek the amount it needs from private
sources.
E. None of the above:
32. A country making use of the resources
of the IMF is generally
required to carry out
an economic po
cy programme
aimed at achieving a viable balance of
payments
positions
over an approprrate period
of time, which is known as
A. Rationality
B. Conditionality
C. Relativity
D. Flexibitity
33. The companies globalise
their operalions through defficient means
A. Exporting direc y
B. Licensing / Franchising
C. Jolnt venture
D. All of the above
34. Match List-l with List-I and serect the correct answer using the codes given
below the lists: l,'l
I
"AL
til
t
ll
Ab
L
I
tt)
tl
^b
L
I
tt
tt)
abc
Ilt)I
a. lnternatjonal
Finance Corporation l. i956
b. Asian Development
Bank lt. 1966
Cb)
c. lnternational
Development
Association lll. 1960
.,.C
)
td)
36.
35. How many countries have been undertaken to lend to IMF if there is need to cope
with an impairment of the lnternational monetary system?
-
A. 11
B. 50
c. 15
D. 20
SDR's are popularly known as
A. Currency Notes
8. Paper Gold
C. Silver Coin
D. Gold Coin
Each member of lMF, is assigned a quota expressed in
A. Member country's currency
B. Dollar
J. Special Drawing Rights
"
D. None of the above
Every member of the IMF is required to subscribe to the fund an amount
A. Equivalent to its quota
B. More than its
quota
C. Less than its quota
D. Equivalent to its borrowings
ln lMF, the Executive Board appoints the Fund's Managing Director who serves
As
A. Chairman of Executive Board
B. Chief of the operating staff of Fund
C. Both (A) and
(B)
D. Auditor to the Fund
By which account of the,lMF all its business in national currencies is conducted?
A. General Account'
B. Special disbursement account
C. World Bank Account
D. Drawing Account
3t.
JO.
39.
40.
.
41 . The components of WTO are
A. Ministerialconference
B. Disputes settlement body
C. Director General
D. All of the abovs
42. Which type of elasticity plays
a crucial role indeterrnining international trade.
A. Elasticity of demand
B. Price Elasticity of demand'
C. lncome elasticity of demand
D. Cross elasticity of demand
43. The Fund's resources are provided
through
A. Permanent policies
for general
balance of payments purposes
B. Permanent facilities for specific purposes
C. Temporary facilities
D. Ali of the above.
'
44. Suppose a Canadran firm imports bananas of $ 1000 and shells them for
$ 2000
the effect on GDP would be
A The GDP will decrease by
$ 3000
B. The GDP will increase by
$ 3000
C. The GDP will increase by $ 2000
D. The GDP witt increase by $ l OOO'
45. ln independent lndia, the first major foreign exchange crisis occurred in the year
A. 1955
B. 1956
c. 1969
D. 199'l
46. DFEC Stand for
A. Direct Foreign Exchange Control
B. Direct Finance Exchange Control
C. Duty Free Export Credit.
D. Duty Free Exchange Credit
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INTERNATIONAL
BUSINESS,
1-. Bilateral arrangements instituted to restrain the rapid growth
of exports of
s pecif ic
manufactured goods,
are called
A. Admin istered protection
B. Volu nta ry export restraints
C. lmposed export restraints
D. None of the above
2. Which of the following is NOT true about the lnternational Finance
Corporation (lFC)?
.A. IFC does not make its investments in partnership
with the
private
investors
from the capital exporting country.
B. The minimum investment that the IFC will make in an enterprise is fixed at
s10,000
C. Rate of interest in each case would be a matter of negotiations depending
on
the risk.
D. None of the above.
3. lf a commodity X is subject to an import duty of 25% ad valorem, the nominal
tariff is
A. 50%
8.25%
B. L2.5%
D.2.50/,
4. An IMF member may purchase
up to the full amount of its reserve tranche
anytime
A. Without any condition
B. Subject only to the requirement of balance of
payments
need
C. Subject only to the requirements of development
D. None of the above
5: Which of the following are included in the permanent
facility for specific purpose
of IMF?
A. The compensatory and contingency financing facility.
B. The buffer stock financing facility
C. The extended facility
D. All of the above
6. lndia is not associated with
A. SMRC
B, NAFTA
C. BRICS
D. None of these
7. Consider the following
8. According to the credit trariche policy
of the lMF, crecjit is made available in
A. Five tranches, each equivalenl lo 20% of country's quota
B. Four tranches, each equivalent to 25o/o of country's quota
C. Ten tranches, each equivalent to 10olo of country's SDRS
D. Four tranches, each equivalenl to 25% of country's SDRS
;Tffi#"
4.
x2tl^chri
i1
/
'^b'o4'u
I
atanehi
I
^qpnt
^lfuc^
fuil,,
Abatt ttt
upch
^/
U
Lt*'^i6'l
Rowd
'
' ':''1:"t''"
a,x+twe^t
?
^
^J*u::i,?"
!,.
Tariff cuts
"-JO
,*1,i,""^'i2 "O
,
,,,:l
f
6
.,
L,3r-^'l 4
"Cd)
t,t
,s
4 j
.'
L,'s
r^'t
4
"qa1
1,t,
s 4 4
nche
policv
of the lMF. credtt is made :
9. The licence necessary to obtain foreign exchange to
pay
for the imports, is
Called
A. Foreign exchange
cence
B. lmport licence"
C. Quota licence
D. None of the above
10. Which one is not international lnstitution?
A, IMF
B. IDA
C. IBRD
E. TRAI
11. The Uruguay Round Agreement deal with subsidies which are
A. Prohibited subsidres
B. Actionable subsidies
C. Non-Actionable
subsidies
F.
All of the above
1 2. Under which system of valuation, SDRs were valued in terms of
.16
currencies,
which were assigned specific weights?
A. Standard basket valuation
B. Standard charted valuation
C. Various currencies valuation
D. None of the above
'13.
Mr. James a citizen of US arrived in lndia for the first time of 1st July, 2010 and left
for Nepal on 15th Dec. 2010. He arrived to lndia again on
.lst
January, 2011 and
stayed till the end of the financiar year
2o1o-11. His residentar statusior the
assessment year
2011-12 is
A. Resident (Ordinarily
resident)
B. Not ordinarily resident
C. Non-resident
D. None of the above
14. A tariff fails to restrict imports when the demand for imports is
A. Perfectly price
elastic
B. Price inelastic
C. Of unitary price elasticity
D. None of the above
'15.
Which barrier can be used against recession induced exports into the country?
A. Quotas
B. Voluntary export restraints
C. Tariff
D. All of the above
16. The value of SDR tends to be more stable than that of any single currency in
the "Standard basket valuation" because
A. lt is internationally accepted measure
B. lt is a weighted average of the exchange rates of the five major currencies
"
C. Both (A) and (B)
D. lt is an imaginary currency.
17. Factor Endownment Theory of lnternational Trade was propounded by
A. David Ricardo
B. Bertil-Ohlin.
c. J. s. Miil
D. C.P. Kindleberges
1 8. Balance of Payment can be made favourable if
A. A. Exporls are increased
B. B. lmports are increased
C. Devaluation of money
D. (A)
and
(C),
19. Which facility was established to provide assistance to members facing
payments
difficulties that are large in relation to their economies and their fund
quotas?
A. Supplementary Financing Facility
(SFF)
B.Compensatory and Contingency Financing Facility (CCFF)
B. Extended Fund Facility (EFF)
C. Bufferstock Financing Facility (BFF)
20. Quotas of all IMF members are reviewed at intervals of
A. Five years
B. Not more than five years
C. Three years
D. Two years
21. What are the characteristics of the loans provided
by the lnternational
Development Assoclation (lDA)
to member countries?
A. They are on liberal terms with regard to the rate of interest
B. They are on liberal terms with regard to the period
of repayment
C. They can be repaid in the currency of the member country
D. All of the above
.
22. Which of the following is the best example of Agreement between Oligopolists
A, GATT
B. OPEC
C. WTO
D. UNIDO
23. Which type of subsrdies are provided
to industrial research and pro
competitive
development activity in disadvantaged regions?
A. Prohibitedsubsidies
B. Actionable subsidies
C. Non-actionablesubsidies
D. None of the above
24. Consider the following
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
Which of the above impose limitations in the use of price indices to measure the
terms of trade?
A. 1and2
B. 2and3
C. 1,2 and 3
D. 1
,2
and 4.
25. The comparative cost Advantage theory was
given
by
A. David Ricardo
B. Adam smith
C. Raymond Vernon
D. Michael E. Parter
26. lndia suffered from deficit balance both in trade and balance and not
invisibles, hence took up a number of Steps to manage the problem.
Which one is not appropriate for this?
A. Export control
B. Current Account Convertibility
C. Liberalised Export Policy
D. Unified Exchange Rate
27. Which of the following is true about the Board of Governors of IMF?
A. They meet once a year
B.They may vote by mail at other times except the annual meeting
C
P.
Both
(A)
and
(B)
$.
They are elected annually
28. Which one of the following is true statement
A.A balance of trade deals with export and import of invisible items only.
B.A balance of
payment
deals with both visible and invisible items.
C.The current account is not a component of balance of payment.
D. All of the above
29. ln lndia
--
has a predominant
share in the debt market.
A. GovernmentSecurities
B. Corporate Deposits
C. Corporate Equity
D. Global Depository Receipts
30. Which of the following is the criteria for approving an IDA credit?
A. Poverty test
B. Performance
test
C. Project test
D. All of the above.
31. Which of the following is NOT true about the borrowings of IMF?
A.The IMF may seek the amount tt needs in any currency.
B.The IMF may seek the amount it needs from official entities.
C.The IMF may seek the amount it needs from private
sources.
E. None of the above:
32. A country making use of the resources
of the IMF is generally
required to carry out
an economic po
cy programme
aimed at achieving a viable balance of
payments
positions
over an approprrate period
of time, which is known as
A. Rationality
B. Conditionality
C. Relativity
D. Flexibitity
33. The companies globalise
their operalions through defficient means
A. Exporting direc y
B. Licensing / Franchising
C. Jolnt venture
D. All of the above
34. Match List-l with List-I and serect the correct answer using the codes given
below the lists: l,'l
I
"AL
til
t
ll
Ab
L
I
tt)
tl
^b
L
I
tt
tt)
abc
Ilt)I
a. lnternatjonal
Finance Corporation l. i956
b. Asian Development
Bank lt. 1966
Cb)
c. lnternational
Development
Association lll. 1960
.,.C
)
td)
36.
35. How many countries have been undertaken to lend to IMF if there is need to cope
with an impairment of the lnternational monetary system?
-
A. 11
B. 50
c. 15
D. 20
SDR's are popularly known as
A. Currency Notes
8. Paper Gold
C. Silver Coin
D. Gold Coin
Each member of lMF, is assigned a quota expressed in
A. Member country's currency
B. Dollar
J. Special Drawing Rights
"
D. None of the above
Every member of the IMF is required to subscribe to the fund an amount
A. Equivalent to its quota
B. More than its
quota
C. Less than its quota
D. Equivalent to its borrowings
ln lMF, the Executive Board appoints the Fund's Managing Director who serves
As
A. Chairman of Executive Board
B. Chief of the operating staff of Fund
C. Both (A) and
(B)
D. Auditor to the Fund
By which account of the,lMF all its business in national currencies is conducted?
A. General Account'
B. Special disbursement account
C. World Bank Account
D. Drawing Account
3t.
JO.
39.
40.
.
41 . The components of WTO are
A. Ministerialconference
B. Disputes settlement body
C. Director General
D. All of the abovs
42. Which type of elasticity plays
a crucial role indeterrnining international trade.
A. Elasticity of demand
B. Price Elasticity of demand'
C. lncome elasticity of demand
D. Cross elasticity of demand
43. The Fund's resources are provided
through
A. Permanent policies
for general
balance of payments purposes
B. Permanent facilities for specific purposes
C. Temporary facilities
D. Ali of the above.
'
44. Suppose a Canadran firm imports bananas of $ 1000 and shells them for
$ 2000
the effect on GDP would be
A The GDP will decrease by
$ 3000
B. The GDP will increase by
$ 3000
C. The GDP will increase by $ 2000
D. The GDP witt increase by $ l OOO'
45. ln independent lndia, the first major foreign exchange crisis occurred in the year
A. 1955
B. 1956
c. 1969
D. 199'l
46. DFEC Stand for
A. Direct Foreign Exchange Control
B. Direct Finance Exchange Control
C. Duty Free Export Credit.
D. Duty Free Exchange Credit
47.ThelMFholdssubstantialresoUrcesinmember'scurrenciesandSDRs-asa
result of
A. lt borrowings from the World Bank
B. Members' payments
of subscriptions
C. Borrowings from the developed countries
D. None of the above
48 A member in lMF, has a reserve tranche position
in the IMF to the extent that its
quota
exceeds
A. The borrowings of its currency in IMF
B. The IMP's holdings of its currency in the special disbursement account
C. The IMF's holding of its currency in the General Resources'
E. None of the above
tr49. An international reserve asset created by the IMF taking into account the
global
need to supplement existing reserves is called
A. Quota
B. lnternational Monetary Right
C. Special Drawing Rights
D. None of the above
50. The IMF derives its finances from
A. Resources in the General Resources Account
B. Resources in the Special Disbursement Account
C. Resources in the ESAF Trust
,+vr
D. All of the above I
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