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21. What are the characteristics of the loans provided by the International Development Association (IDA) to member countries?
They are on liberal terms with regard to the rate of interest
They are on liberal terms with regard to the period of repayment
They can be repaid in the currency of the member country
All of the above
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22. Which of the following is the best example of Agreement between Oligopolists
GATT
OPEC
WTO
UNIDO
23. Which type of subsidies are provided to industrial research and pro competitive development activity in disadvantaged regions?
Prohibited subsidies
Actionable subsidies
Non-actionable subsidies
None of the above
24. The comparative cost Advantage theory was given by
David Ricardo
Adam smith
Raymond Vernon
Michael E. Parter
25. Consider the following1. Changes in quality2. Changes in compositions3. Tastes and preferences4. Price differencesWhich of the above impose limitations in the use of price indices to measure the terms of trade?
1. Changes in quality
2. Changes in compositions
3. Tastes and preferences
4. Price differences
Which of the above impose limitations in the use of price indices to measure the terms of trade?
1 and 2
2 and 3
1,2 and 3
1,2 and 4
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