International Business - International Business Objective Questions

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6:  

Under the "Par value system" each member country of IMF was required to define the value of its currency in terms of gold or the US dollar and to maintain the market value of its currency within

A.	± 10% of the par value
B.	± 7% of the par value
C.	± 1 % of the par value
D.	± 3% of the par value.
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

7:  

Which of the following is a function of WTO?

A.	To facilitate the implementation of Multilateral Trade Agreement
B.	To administer the Trade Review Mechanism
C.	To administer the understanding on rules and procedures governing the settlement of disputes.
D.	All of the above
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

8:  

If a country differs from the rest of the world n taste patterns but not in production capabilities, trade will lead to some international specialisation in

A.	Consumption
B.	Production
C.	Exports
D.	Imports
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

9:  

The income terms of trade indicates a nation's capacity

A.	To import
B.	To export
C.	To improve its trade
D.	None of the above
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

10:  

The current account of balance of payments includes

A.	Merchandise exports
B.	Merchandise imports
C.	Invisible exports and imports
D.	All of the above
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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