International Business - International Business Practice Questions

26:  

Match List-I with List-II and select the correct answer using the codes given below the lists:

     List-I

  List -II

a. WTO

I.   Provide loans to address short-term balancing

    of payment problems.

b. RBI

II.  Multilateral trade negotiating body

c. IMF

III. Facilitating lending and borrowing for reconstruction and                        development

d. IBRD

IV. Central Bank of India

 

A.

a   b   c    d

II   IV   I    III

B.

a   b   c    d

IV  III   II    I

C.

a   b   c    d

III   II   IV    I

D.

a   b   c    d

 I   II    III    IV

 
 

Option: A

Explanation :

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27:  
The devaluation of currency of a country is down when .....
(i) It has adverse balance of payments.
(ii) It was favourable balance of payment.
A.

Both (i) and (ii) are correct.

B.

Both (i) and (ii) are incorrect.

C.

Only (i) is correct.

D.

Only (ii) is correct.

 
 

Option: C

Explanation :

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28:  

Which items are included in the negative list of imports out of the combination given below :

(i) Canalised items
(ii) Banned items
(iii) Restricted items
(iv) Items of open General Licence
A.

(i), (iii) and (iv)

B.

(ii), (iii) and (iv)

C.

(i), (ii), (iii) and (iv)

D.

(i), (ii) and (iii)

 
 

Option: D

Explanation :

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29:  
Assertion (A). Indent may be open or closed open indent does not specify the Price and other details of the good, the closed indent specifies the brand, price, number, packing shipping mode, insurance etc.
Reason (R). This is required as a part of export procedures.
A.

Both (A) and (R) are correct.

B.

Both (A) and (R) are not correct.

C.

(A) is true, but (R) is false

D.

(R) is true, but (A) is false.

 
 

Option: C

Explanation :

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30:  
Assertion (A). International business focus on global resources, opportunities to buy / sell world wide.
Reason (R). The efforts of IMF, World Bank and WTO to liberallse their economics led to globalisation.
A.

Both (A) and (R) are true.

B.

Both (A) and (R) are false

C.

(A) is true, but (R) is false

D.

(A) is false, but (R) is true.

 
 

Option: A

Explanation :

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