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11. The Uruguay Round Agreement deal with subsidies which are
Prohibited subsidies
Actionable subsidies
Non-Actionable subsidies
All of the above
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12. Under which system of valuation, SDRs were valued in terms of 16 currencies, which were assigned specific weights?
Standard basket valuation
Standard charted valuation
Various currencies valuation
None of the above
13. Mr. James a citizen of US arrived in India for the first time of 1st July, 2010 and left for Nepal on 15th Dec. 2010. He arrived to India again on 1st January, 2011 and stayed till the end of the financial year 2010-11. His residental status for the assessment year 2011-12 is
Resident (Ordinarily resident)
Not ordinarily resident
Non-resident
14. Which barrier can be used against recession induced exports into the country?
Quotas
Voluntary export restraints
Tariff
15. A tariff fails to restrict imports when the demand for imports is
Perfectly price elastic
Price inelastic
Of unitary price elasticity
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