Classical

December 2014 - Paper 2

31:  

In international trade which of the following is a non-tariff trade barrier?

A.

Quotas

B.

Import bans

C.

Export controls

D.

Anti dumping laws

 
 

Option: D

Explanation :


32:  

Consumer is said to be in equilibrium, maximizing his total utility, when

A.

the marginal utilities of the two goods consumed are equal.

B.

the proportions of the marginal utilities and respective prices are equal.

C.

the consumer gets full satisfaction from the consumption.

D.

the consumer feels satisfied with his expenditure on the various goods.

 
 

Option: A

Explanation :


33:  

Which of the following is not the agency of World Bank?

A.

MIGA

B.

ICSID

C.

ADB

D.

IDA

 
 

Option: C

Explanation :


34:  

Statement (A) : The isoquant curves are drawn convex to the origin due to diminishing technical rate of substitution.

Statement (B) : The lesser the convexity of the isoquant curve the greater the possibility of the complementarity of the two inputs.

A.

Statements (A) and (B) both are correct.

B.

Statement (A) is correct but (B) is incorrect.

C.

Statement (A) is incorrect but (B) is correct.

D.

Statements (A) and (B) both are incorrect.

 
 

Option: A

Explanation :


35:  

The appropriate sequence of the formation of a company are in the following order :

A.

Promotion, commencement of business and incorporation

B.

Promotion, incorporation, capital subscription and commencement of business

C.

Capital subscription, promotion, incorporation and commencement of business

D.

Incorporation, capital subscription, commencement of business and promotion

 
 

Option: D

Explanation :




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