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This set of Business Economics Multiple Choice Questions & Answers (MCQs) focuses on Business Economics Set 11
Q1 | Reducing public expenditure to correct BOP disequilibrium is a _ __ measure.
- Monetary
- Fiscal
- Special
- Commercial
Q2 | _ is not a cause of deficit in balance of payments.
- increase in import
- fall in exports
- capital outflow
- capital inflows
Q3 | Devaluation of a currency is brought about by the _ .
- World Bank
- Asian Development Bank
- International Finance Corporation
- Government
Q4 | When total exports are more than total imports then current account of balance of payment is in _ .
- Deficit
- Balance
- Surplus
- Unequal
Q5 | _ _ disequilibrium is chronic in nature.
- Cyclical
- Fundamental
- Structural
- Monetary
Q6 | Expenditure switching policy is also known as _ _ .
- Devaluation
- Revaluation
- Appreciation
- Depriciation
Q7 | _ term long run disequilibrium as fundamental disequilibrium .
- IMF
- UN
- WTO
- World Bank
Q8 | WTO replaced GATT and came into existence on
- 1st January 1957
- 1st January 1991
- 1st January 1995
- 1st January 1996
Q9 | TRIPs stand for
- Trade Related Investment Property Rights
- Trade Related Investment Public Rights
- Trade Related Intellectual Property Rights
- Trade Related Investment in services
Q10 | Under _ the foreign investors will be given same rights as the national investor in the matter of investment.
- TRIPs
- TRIMs
- GATs
- AoA
Q11 | GATs deals with trade in _ .
- Services
- patent
- copyright
- trademarks
Q12 | TRIMs deals with _ .
- Foreign investment
- Foreign aid
- Services
- Goods
Q13 | _ agreement deals in trade in services
- TRIMs
- TRIPs
- GATs
- UNCTAD
Q14 | The WTO agreements cover _ .
- TRIPs
- IMF
- UNCTAD
- ASEAN
Q15 | WTO promote _ trade.
- bilateral
- multilateral
- unilateral
- restricted
Q16 | The only international organisation dealing with the global rules of trade between nations.
- WTO
- UN
- IMF
- World bank
Q17 | Along with the world bank and WTO is the third economic pillar of world-wide dimensions.
- International eco
- International Monetar
- International Develo
- International funding or
Q18 | TRIPS (trade-related aspects of intellectual property rights) agreement is administered by
- world bank
- united nations organiz
- World trade organiz
- United nations conferen
Q19 | Who is most recently appointed the Ambassador & Permanent Represantative of india to WTO?
- JS Deepak
- TS Deepak
- Anwar Hussain Shai
- Brajendra Navnit
Q20 | Which of the institutions is not a part of the world bank community?
- IFC
- IDA
- WTO
- IBRD
Q21 | Which of the following categories of agricultural subsidies are allowed under WTO?
- Green box
- Blue box
- Red box
- Amber box
Q22 | The declaration recognised that the TRIPs agreement should protect public health.
- Brazil
- Doha
- Bandung
- Singapore
Q23 | TRIMs deals with
- Foreign investme
- Foreign aid
- Services
- Goods
Q24 | _ refers to the rate at which the transaction take place at a future date.
- Forward exchange rate
- Arbitrage
- Spot exchange rate
- Hedging
Q25 | _ refers to the process of buying and selling a foreign currency in two different market at same time.
- Arbitrage
- Speculation
- Spot exchange rate
- Hedging