ECONOMICS OF GLOBAL TRADE & FINANCE M.COM PART 1 MCQ PDF 2021

bysuraj patel education -May 10, 2021

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ECONOMICS OF GLOBAL TRADE & FINANCE M.COM PART 1 MCQ

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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