Classical

International Business - International Business Multiple Choice Questions

36:  
Foreign Exchange and Foreign currencies in India are governed by
A.

RBI

B.

Banking Regulation Act

C.

FEMA Act

D.

SEBI Act

 
 

Option: C

Explanation :


37:  
If a country has deficit in balance of current account balance of capital account will be
A.

zero

B.

surplus

C.

Deficit

D.

None of the above

 
 

Option: B

Explanation :


38:  
Physical delivery of foreign exchange has to lake place in case of
A.

Forward Market

B.

Spot market

C.

Future market

D.

Options market

 
 

Option: B

Explanation :


39:  

EPCG denotes

A.

Export potential and credit Guarantee

B.

Earning promotion and credit guarantee

C.

Export promotion and credit guarantee

D.

Export potential and credit goods.

 
 

Option: C

Explanation :


40:  
The following table shows cost per unit of production of two countries X and Y with no transportation cost and. free trial.

 

A (Rs.)

B(Rs.)

Sugar

350

650

Cloth

700

800

Which one of the following will take place ?

 

A.

No trade will take place

B.

X will export sugar and import cloth

C.

X will export cloth and import wheat

D.

There is no enough information to comment.

 
 

Option: B

Explanation :




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