PREVIOUS YEAR SOLVED PAPERS - July 2018
66. Match the items of List-II and with the items of List-I relating to WTO impact:
| List-I | List-II |
| (a) NAMA | (i) Liberalisation of international investments. |
| (b) GATTS | (ii) Includes industrial goods, textile, jewellery, fish and fisheries product manufacturing industries. |
| (c) TRIMs | (iii) Liberalisation of trade in goods and services. |
| (d) TRIPs | (iv) Provides monopoly power to owners of intellectual property. |
CODES
| (a) | (b) | (c) | (d) | |
| 1 | (ii) | (i) | (iv) | (iii) |
| 2 | (iv) | (ii) | (iii) | (i) |
| 3 | (ii) | (iii) | (i) | (iv) |
| 4 | (iii) | (ii) | (iv) | (i) |
| List-I | List-II |
| (a) Comparative Cost Theory | (i) Adam Smith |
| (b) Opportunity Cost Theory | (ii) Gottfried Haberler |
| (c) Factor Endowment Theory | (iii) David Ricardo |
| (d) Absolute Cost Theory | (iv) Eli Heckscher and Bertil Ohlin |
CODES
| (a) | (b) | (c) | (d) | |
| 1 | (i) | (ii) | (iii) | (iv) |
| 2 | (iii) | (ii) | (iv) | (i) |
| 3 | (iv) | (iii) | (ii) | (i) |
| 4 | (i) | (iv) | (iii) | (ii) |
- A
Proper assessment of the repayment prospects of loans.
- B
Lending should be only for specific projects which are economically and technically sound and of a high priority nature.
- C
The lending should be to enable a country to meet foreign exchange content of the project cost.
- D
The bank does expect the borrowing country to spend the loan in a particular country.
