Classical

International Business - International Business MCQ

41:  

The components of WTO are

A.

Ministerial conference

B.

Disputes settlement body

C.

Director General

D.

All of the above

 
 

Option: D

Explanation :


42:  
Which type of elasticity plays a crucial role indeterrnining international trade.
A.

Elasticity of demand

B.

Price Elasticity of demand

C.

Income elasticity of demand

D.

Cross elasticity of demand

 
 

Option: B

Explanation :


43:  

The Fund's resources are provided through

A.
Permanent policies for general balance of payments purposes
B.

Permanent facilities for specific purposes

C.

Temporary facilities

D.

All of the above.

 
 

Option: D

Explanation :


44:  
Suppose a Canadian firm imports bananas of $ 1000 and shells them for $ 2000 the effect on GDP would be
A.

The GDP will decrease by $ 3000

B.

The GDP will increase by $ 3000

C.

The GDP will increase by $ 2000

D.

The GDP will increase by $ 1000

 
 

Option: D

Explanation :


45:  
In independent India, the first major foreign exchange crisis occurred in the year __ .
A.

1955

B.

1956

C.

1969

D.

1991

 
 

Option: B

Explanation :




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