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India’s Foreign Trade

1. Regarding the international Monetary Fund (IMF) , which one of the following statement is correct?

a) It can grant the loans to any country

b) It can grant the loans to only developing countries

c)It can grant loans to any member countries

d)It can grant loans to the Central Bank of a country

2.Which one of the following organizations is related with NAMA?

a) IMF

b)World Bank

c)WTO

d)IFC

3. Which of the following International Organization is India a member?

  1. Indian Ocean Rim Association for Regional Cooperation
  2. Organization for Economic Cooperation and Development.

Which of the statements given above is/are correct?

a) Only 1

b) Only2

c) Both 1 and 2

d) Neither 1 nor 2

4. The balance of Payments (BoP)of a country is a systematic record of

a) All import and export transactions of a country during a given period of time, normally a year.

b) Goods exported from a country during a year.

c) Economic transaction between the government of one country to another.

d) Capital movements from one country to another.

5.The earlier name of WTO was

a) UNCTAD

b) GATT

c) UNIDO

d) OECD

6. Consider the following organizations

1) International Bank for Reconstruction and Development (IBRD)

2) International Finance Corporation (IFC)

3) International Fund for Agriculture Development

4) International Monetary Fund (IMF)

Which of these are agencies of United Nations?

a) 1,2,3and 4

b) 1,2and 3

c) 2and 3

d) 3and 4

7. Consider the following areas

1) Infrastructure

2) Education

3) Clean water and Sanitation Facilities

4) Environmental friendly projects

5) Healthcare

Which of the areas given above is/are mainly funded by the International Development Agency in the developing countries?

a) 1,2and 3

b) 1,2,3 and 4

c) 1,3,4and 5

d) All of these

8. Which one of the following institutions is related with the Green/Blue Box Subsidies?

a) United nations

b) World Bank

c) World Tourism Organization

d) World Trade Organization

9.In terms of Economy the visit by foreign nations to witness the XIX common Wealth Games in India amounted to

a) export

b) import

c) production

d) consumption

10.In the context of the bilateral trade negotiation between India and European Union, what is the difference between European Commission and European Council ?

1) European Commission represents the EU in the trade negotiation whereas European Council participates in the legislation of matters pertaining to economic policies of the EU.

2) European Commission comprises the Head of States Government of member countries whereas the European Council comprises the persons nominated by the European Parliament .

Which of the statements given above is/are correct?

a) Only 1

b) Only 2

c) Both1and 2

d) Neither 1 nor 2

 

ANSWER KEY

1. (c), 2. (c), 3. (a), 4. (a), 5. (b), 6. (a), 7. (a), 8. (d), 9. (a), 10. (d)

 

 

 

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India’s Foreign Trade

1. Regarding the international Monetary Fund (IMF) , which one of the following statement is correct?

a) It can grant the loans to any country

b) It can grant the loans to only developing countries

c)It can grant loans to any member countries

d)It can grant loans to the Central Bank of a country

2.Which one of the following organizations is related with NAMA?

a) IMF

b)World Bank

c)WTO

d)IFC

3. Which of the following International Organization is India a member?

  1. Indian Ocean Rim Association for Regional Cooperation
  2. Organization for Economic Cooperation and Development.

Which of the statements given above is/are correct?

a) Only 1

b) Only2

c) Both 1 and 2

d) Neither 1 nor 2

4. The balance of Payments (BoP)of a country is a systematic record of

a) All import and export transactions of a country during a given period of time, normally a year.

b) Goods exported from a country during a year.

c) Economic transaction between the government of one country to another.

d) Capital movements from one country to another.

5.The earlier name of WTO was

a) UNCTAD

b) GATT

c) UNIDO

d) OECD

6. Consider the following organizations

1) International Bank for Reconstruction and Development (IBRD)

2) International Finance Corporation (IFC)

3) International Fund for Agriculture Development

4) International Monetary Fund (IMF)

Which of these are agencies of United Nations?

a) 1,2,3and 4

b) 1,2and 3

c) 2and 3

d) 3and 4

7. Consider the following areas

1) Infrastructure

2) Education

3) Clean water and Sanitation Facilities

4) Environmental friendly projects

5) Healthcare

Which of the areas given above is/are mainly funded by the International Development Agency in the developing countries?

a) 1,2and 3

b) 1,2,3 and 4

c) 1,3,4and 5

d) All of these

8. Which one of the following institutions is related with the Green/Blue Box Subsidies?

a) United nations

b) World Bank

c) World Tourism Organization

d) World Trade Organization

9.In terms of Economy the visit by foreign nations to witness the XIX common Wealth Games in India amounted to

a) export

b) import

c) production

d) consumption

10.In the context of the bilateral trade negotiation between India and European Union, what is the difference between European Commission and European Council ?

1) European Commission represents the EU in the trade negotiation whereas European Council participates in the legislation of matters pertaining to economic policies of the EU.

2) European Commission comprises the Head of States Government of member countries whereas the European Council comprises the persons nominated by the European Parliament .

Which of the statements given above is/are correct?

a) Only 1

b) Only 2

c) Both1and 2

d) Neither 1 nor 2

 

ANSWER KEY

1. (c), 2. (c), 3. (a), 4. (a), 5. (b), 6. (a), 7. (a), 8. (d), 9. (a), 10. (d)

 

 

 

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Your email address will not be published. Required fields are marked *

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