Business Economics Set 11

Bachelor of Business Administration (BBA)

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