Classical

Advanced Questions - Section 2

16:  

Current account deficits are offset by

A.

merchandise trade deficits

B.

merchandise trade surpluses

C.

capital/financial account surpluses

D.

capital/financial account deficits

 
 

Option: C

Explanation :


17:  

The least common type of transaction in the foreign exchange is a

A.

forward transaction

B.

spot transaction

C.

swap transaction

D.

none of the above

 
 

Option: A

Explanation :


18:  

A person may not have assessable income but may still be assessee.

A.

True

B.

False

C.

Cannot be said with certainty

D.

Is decided by the Assessing Officer

 
 

Option: A

Explanation :


19:  

The exchange rate is kept the same across geographically-separate markets by

A.

hedging

B.

speculation

C.

government regulation

D.

arbitrage

 
 

Option: D

Explanation :


20:  

Under the Common Agricultural Policy, exports of any surplus quantities of EU produce are encouraged through the usage of

A.

variable levies

B.

export subsidies

C.

trigger prices

D.

countertrade

 
 

Option: B

Explanation :




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