Classical

International Business - International Business Multiple Choice Questions

26:  

The 21st member to join the G-20 is

A.

Sri Lanka

B.

Uzbekistan

C.

Myanmar

D.

Urugway

 
 

Option: A

Explanation :


27:  
Which of the following is a discontent of the of the title of sale of goods
A.

certificate of origin

B.

Letter of credit

C.

Bill of lending

D.

Bill of entry

 
 

Option: C

Explanation :


28:  

International liquidity comprise which four of the following

(i) Gold held by Central bank

(ii) Dollar reserves of countries other than the U.S.A

(iii) Updated flawless softwares

(iv) Stringent Legal frame-work

A.

(i) and (ii)

B.

(i), (ii) and (iii)

C.

(ii), (iii) and (iv)

D.

(i), (ii), (iii) and (iv)

 
 

Option: A

Explanation :

Under the present international monetary order, among the member countries of the IMF, the chief components of international liquidity structure are taken to be:

1. Gold reserves with the national monetary authorities - central banks and with the IMF.

2. Dollar reserves of countries other than the U.S.A.

3. £-Sterling reserves of countries other than U.K.

It should be noted that items (2) and (3) are regarded as 'key currencies' of the world and their reserves held by member countries constitute the respective liabilities of the U.S. and U.K. More recently Swiss francs and German marks also have been regarded as 'key currencies.

4. IMF tranche position which represents the 'drawing potential' of the IMF members; and

5. Credit arrangements (bilateral and multilateral credit) between countries such as 'swap agreements' and the 'Ten' of the Paris Club.

Of all these components, however gold and key currencies like dollar today entail greater significance in determining the international liquidity of the world.


29:  
The comparative cost theory of International trade was developed by
A.

David Ricards

B.

Haberlar

C.

Adam Smith

D.

Allfred Marshall.

 
 

Option: A

Explanation :


30:  
The double Taxation Avoidance convention (DTAC) part was signed between
A.

India and China

B.

India, Serbia and Montenegro

C.

Australia and china

D.

None of the above.

 
 

Option: B

Explanation :




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