International Business - International Business Objective Questions

56:  
The internationat monetary system that existed from 1947 to 1971 is generally known as the
A.

Par value system

B.

Pegged exchange rate system

C.

Bretton Woods system

D.

Both (A) and (B)

 
 

Option: C

Explanation :

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57:  
Following the Uruguay Round Agreement, GATT was converted from a provisional agreement into WTO with effect from
A.

January 1, 1994

B.

April 1, 1994

C.

January 1, 1995

D.

March 1, 1995

 
 

Option: C

Explanation :

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58:  
What did the Multifibre Arrangements (MFA) restrict?
A.

Imports of textiles to developed economies

B.

Exports of cotton to undeveloped economies

C.

Imports of cotton to developed economies

D.

Exports of jute to developed economies.

 
 

Option: A

Explanation :

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59:  
In the trade between two countries, the gains are divided between nations in a way that depends on whose
A.

Exports are expensive

B.

Imports are cheaper

C.

Price ratio changes more

D.

Both (A) and (B)

 
 

Option: D

Explanation :

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60:  
The demand effect of economic development refers to the
A.

Increase in demand for imports

B.

Increase in demand for exports

C.

Decrease in supply of imports

D.

Decrease in supply of exports

 
 

Option: A

Explanation :

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