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21. Balance of payment can be corrected by changes in the current account through
Devaluation of currency
Quantitative restriction
Canalization
All the above
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22. A balance of payment surplus can be corrected through
Export promotion
Exchange control
Increase in interest
Appreciation of currency
23. Assertion (A): Germany exports engineering machinery. Reason (R): Germany has abundant capital and engineering machinery is capital intensive.
If both A and R are true and R is the correct explanation of A.
If both A and R are true but R is Not the correct explanation of A
If A is true but R is false
If A is false but R is true
24. Assertion (A). Dumping means selling a product in a foreign market at a lower price than in the home market. Reason (R). Dumping encourages the domestic industry.
If both A and R are true and R is the correct explanation of A
25. LIBO Refers to
Liberalized system of foreign exchange transfer between banks
Inter-bank lending rate for Euro-dollars at London
The lowest rate of interest at which banks in London lend sterling
The lowest rate of interest prescribed by the Reserve Bank of India
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