Classical

International Business - International Business MCQ

11:  
The Uruguay Round Agreement deal with subsidies which are
A.

Prohibited subsidies

B.

Actionable subsidies

C.

Non-Actionable subsidies

D.

All of the above

 
 

Option: D

Explanation :


12:  

Under which system of valuation, SDRs were valued in terms of 16 currencies, which were assigned specific weights?

A.

Standard basket valuation

B.

Standard charted valuation

C.

Various currencies valuation

D.

None of the above

 
 

Option: A

Explanation :


13:  
Mr. James a citizen of US arrived in India for the first time of 1st July, 2010 and left for Nepal on 15th Dec. 2010. He arrived to India again on 1st January, 2011 and stayed till the end of the financial year 2010-11. His residental status for the assessment year 2011-12 is
A.

Resident (Ordinarily resident)

B.

Not ordinarily resident

C.

Non-resident

D.

None of the above

 
 

Option: B

Explanation :


14:  

A tariff fails to restrict imports when the demand for imports is

A.

Perfectly price elastic

B.

Price inelastic

C.

Of unitary price elasticity

D.

None of the above

 
 

Option: B

Explanation :


15:  
Which barrier can be used against recession induced exports into the country?
A.

Quotas

B.

Voluntary export restraints

C.

Tariff

D.

All of the above

 
 

Option: A

Explanation :




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