ECONOMICS OF GLOBAL TRADE & FINANCE MCQ PDF

 

ECONOMICS OF GLOBAL TRADE & FINANCE

 

1.    import quotas are adopted to --- the domestic goods price level

a.    increase

b.    reduce

c.    stabilize

d.    ignore

ANS: 3

 

2.     Which of the following is not the main practice of World trade organization WTO

a.    to promote unfair competition

b.    to encourage economic & development reforms

c.    to increase predictibility through transparency

d.    to lower trade barriers for free trade

ANS: A

 

3.    A country switches over from maintaining internal balance in case of --- equilibrium in Balance of payments

a.    structural

b.    cyclic

c.    short run

d.    long run

ANS: A

 

4.    European union has uniform --- policy among the member nations

a.    Agricultural & industrial

b.    land & labour

c.    wage & interest

d.    monetray and fiscal

ANS: B

 

5.     --- are golden mean between the maximum and minimum rates of tariff

a.    revenue tariff

b.    protective tariff

c.    single column tariff

d.    optimum tariff

ANS: D

 

6.    Tariffs are imposed on imported goods to protect the domestic industries from cut throat competition are called as ----

a.    Precaution tariff

b.    Protection tariff

c.    Popular tariff

d.    Professioanl tariff

ANS: B

 

7.    international factor movements tends to raise even more --- difficulties than international trade

a.    political

b.    Social

c.    cultural

d.    Geographical

ANS: 1

 

8.     --- IS THE FORMATION OF GROUPS OF FRIENDLY NATIONS FOR MUTUAL BENEFITS

a.    Economic integration

b.    Social integration

c.    Regional integration

d.    Personal integration

ANS: B

 

9.    Which of the following is not the mode of international delivery of services under GATS?

a.    cross border supply

b.    consumption abroad

c.    commercial absence

d.    movement of personnel

ANS: B

 

10. the economic and technical coooeration among apec is---

a.    goal oriented

b.    services oriented

c.    Goods oriented

d.    capital oriented

ANS:A

 

11. an export subsidy --- price paid by foriengn importers

a.    increased

b.    reduces

c.    maximize

d.    Expand

ANS: B

 

12. in an open economy national income when l+x<s+m -----

a.    contraction in national income takes place

b.    expansion in national income takes place

c.    equilibrium in national income takes place

d.    none of these

ANS: D

 

13. there is a --- relationship between import and national income

a.    inverse and negative

b.    direct and negative

c.    direct and positive

d.    inverse and positive

ANS: C

 

14. in international capital movement marginal efficiency of capital is--- related with the  inflow of capital

a.    inversely

b.    directly

c.    neutral

d.    negatively

ANS: B

 

15.  ----- was intiallly known as european common market and european economy community

a.    European union

b.    customs union

c.    free trade area

d.    preferential trading

ANS: A

 

16. economic integration result in the---- of market

a.    contraction

b.    expansion

c.    destruction

d.    degration

ANS: D

 

17. in ---- form the member nation not only remove the trade restriction for members but also adopt uniform commercial policy against non members

a.    european union

b.    custom union

c.    free trade area

d.    common market

ANS: A

 

18. in international trade the monopoly tendency appears in--- form

a.    industry

b.    only dumping

c.    only cartel

d.    dumping cartel

ANS: D

 

19. in mundells model of achueving internal and external balance simulationeously zone iv of his diagrammatic representation explained----

a.    balance of payment surplus inflation

b.    decifit in balance of payment and inflation

c.    deficit in balance of payment  and umeployment

d.    surplus in balance of payment and unemployment

ANS: D

 

20. which of the following is not a form of intellectual property---

a.    copywrite

b.    trademark

c.    geographical indication

d.    personal secret

ANS: A

 

21. the international monetary fund was established in march 1986----- to provide additional balance of payment assistance on concessional terms to the poorer member countries.

a.    compensatory financial facility

b.    extended fund facility

c.    structural adjestment facility

d.    buffer stock facility

ANS: C

 

22. the reduction in the value of domestic currency in terms of foreign currency due to market forces is called as---

a.    revaluation

b.    depreciation

c.    appreciation

d.    inflation

ANS: A

 

23. The world trade organization was founded in ---

a.    1992

b.    1993

c.    1994

d.    1995

ANS: D

 

24. the nain objective of international monetary fund (IMF) was to ---

a.    promote international trade

b.    help economically backward countries

c.    maintain stable exchange rate

d.    promote international liquidity

ANS: 3

 

25. an international monetary fund member may purchase up to full amount of its reserve tranche anytime---

a.    without any condition

b.    subject only to the requirement of balance of payment need

c.    subject only to the requirement of development

d.    none of these

ANS: 4

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