International Business - International Business Questions

21:  

LIBO Rrefers to

A.
Liberalised system of foreign exchange transfer between banks
B.
Inter-bank lending rate for Euro-dollars at London
C.
Lowest rate of interest at which banks in London lend sterling
D.
Lowest rate of interest prescribed by the Reserve Bank of India
 
 

Option: C

Explanation :

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22:  
Non-regional members of the Asian Development Bank are
A.

USA

B.

UK

C.

Canada

D.

All of the above

 
 

Option: D

Explanation :

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23:  

Mercantilism originated in

A.

France

B.

Germany

C.

Britain

D.

Spain

 
 

Option: C

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24:  
Assertion (A). Accommodating flows are unplanned.
Reason (R) . Autonomous flows are planned.
A.
If both A and R are true and R is the correct explanation of A.
B.
If both A and R are true but R is Not the correct explanation of A
C.

If A is true but R is false

D.

If A is false but R is true

 
 

Option: B

Explanation :

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25:  
Assertion (A). Balance of current account is a flow concept.
Reason (R). Balance of capital account is a change in stock concept.
A.
If both A and R are true and R is the correct explanation of A.
B.
If both A and R are true but R is Not the correct explanation of A
C.

If A is true but R is false

D.

If A is false but R is true

 
 

Option: B

Explanation :

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