In international trade which of the following is a non-tariff trade barrier?
| A. | Quotas |
| B. | Import bans |
| C. | Export controls |
| D. | Anti dumping laws |
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Option: D Explanation : Click on Discuss to view users comments. |
Consumer is said to be in equilibrium, maximizing his total utility, when
| A. | the marginal utilities of the two goods consumed are equal. |
| B. | the proportions of the marginal utilities and respective prices are equal. |
| C. | the consumer gets full satisfaction from the consumption. |
| D. | the consumer feels satisfied with his expenditure on the various goods. |
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Option: A Explanation : Click on Discuss to view users comments. |
Which of the following is not the agency of World Bank?
| A. | MIGA |
| B. | ICSID |
| C. | ADB |
| D. | IDA |
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Option: C Explanation : Click on Discuss to view users comments. |
Statement (A) : The isoquant curves are drawn convex to the origin due to diminishing technical rate of substitution.
Statement (B) : The lesser the convexity of the isoquant curve the greater the possibility of the complementarity of the two inputs.
| A. | Statements (A) and (B) both are correct. |
| B. | Statement (A) is correct but (B) is incorrect. |
| C. | Statement (A) is incorrect but (B) is correct. |
| D. | Statements (A) and (B) both are incorrect. |
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Option: A Explanation : Click on Discuss to view users comments. |
The appropriate sequence of the formation of a company are in the following order :
| A. | Promotion, commencement of business and incorporation |
| B. | Promotion, incorporation, capital subscription and commencement of business |
| C. | Capital subscription, promotion, incorporation and commencement of business |
| D. | Incorporation, capital subscription, commencement of business and promotion |
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Option: D Explanation : Click on Discuss to view users comments. |
