Classical

International Business - International Business Multiple Choice Questions

11:  
In balance of payment accounts, all goods exported and imported are recorded in
A.

Capital account

B.

Visible Accounts

C.

Invisible Account

D.

Merchandise Accounts

 
 

Option: B

Explanation :


12:  
Which of the country's banking have been brought under 'Sanctions by USA, recently"?
A.

Iraq

B.

North Korea

C.

Pakistan

D.

Iran

 
 

Option: D

Explanation :


13:  
Statement :
(i) No gain from trade is shared between countries in accordance with their relative strength of demand.
(ii) The terms of trade are against the primary producer unless it has a monopoly or the product has on inelastic demand abroad.
A.

Both correct

B.

Both incorrect

C.

I corret, II incorrect

D.

I incorrect II correct

 
 

Option: D

Explanation :


14:  

Out of the following, one is not related with WTO

A.

TRIPS

B.

Ministerial Conference

C.

TRIMS

D.

TRAI

 
 

Option: D

Explanation :


15:  
The balance of payments account is conventionally divided into
A.

Current Account and Capital Account

B.

Visible Account and Invisible Account

C.
Long-term capital Account and short term capital account 
D.

None of the above

 
 

Option: A

Explanation :




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