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46. Adjustment assistance is preferable to preventing import competition with trade barriers if the displacement costs of the free trade are
Equal to efficiency gains
Less than efficiency gains
More than efficiency gains
None of the above
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47. Which method is the quickest method of transmitting funds from one center to another?
Bank Drafts
Mail Transfer
Telegraphic Transfer
48. If the forward exchange rate quoted is exactly equivalent to the spot rate at the time of making the contract, the forward exchange rate is said to be
At Par
A premium
At Discount
At reimbursement
49. Which of these are not accounted for in the capital account of the balance of payment?
Receipts of foreign private lending
Receipts of foreign public lending
Investments less repayment of principal and interest on former loans and investments
Import duties
50. The total value of export earnings depends on
Volume of exports
The price paid for exports
Type of product
Both (A) and (B)
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