Classical

International Business - International Business MCQ

16:  

The value of SDR tends to be more stable than that of any single currency in the "Standard basket valuation" because

A.

It is internationally accepted measure

B.

It is a weighted average of the exchange rates of the five major currencies.

C.

Both (A) and (B)

D.

It is an imaginary currency.

 
 

Option: B

Explanation :

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17:  
Factor Endownment Theory of International Trade was propounded by
A.

David Ricardo

B.

Bertil-Ohlin

C.

J. S. Mill

D.

C.P. Kindleberges

 
 

Option: B

Explanation :

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18:  

Balance of Payment can be made favourable if

A.

Exports are increased

B.

Imports are increased

C.

Devaluation of money

D.

(A) and (C).

 
 

Option: D

Explanation :

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19:  
Which facility was established to provide assistance to members facing payments difficulties that are large in relation to their economies and their fund quotas?
A.

Supplementary Financing Facility (SFF)

B.
Compensatory and Contingency Financing Facility (CCFF)
C.

Extended Fund Facility (EFF)

D.

Bufferstock Financing Facility (BFF)

 
 

Option: A

Explanation :

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20:  
Quotas of all IMF members are reviewed at intervals of
A.

Five years

B.

Not more than five years

C.

Three years

D.

Two years

 
 

Option: B

Explanation :

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