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96. Various bodies in the organizational structure of WTO are given below. On the basis of decision-making authority, arrange them from top to bottom and indicate the correct code. (i) General Council (ii) Ministerial Conference (iii) Specialized Committees (iv) Council for Trade in Goods Choose the correct answer from the code given below:
(ii), (i), (iv), (iii)
(i), (ii), (iii), (iv)
(i), (ii), (iv), (iii)
(iv), (i), (ii), (iii)
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97. Which among the following statements is not true relating to the ‘Crawling Peg System’ of the exchange rate?
It was introduced as an alternative to the adjustable peg system.
It allows a narrow margin of fluctuations as compared to the adjustable peg system.
It takes a position in between the fixed exchange rate system and the flexible exchange rate system.
It was introduced by IMF in 1971.
98. Which of the following are the components of international logistics? (i) Fixed facilities location (ii) Inventory management (iii) Order processing Choose the correct answer from the code given below:
(i) and (ii)
(i) and (iii)
(ii) and (iii)
(i), (ii) and (iii)
99. A situation where the prosperity of one sector leads to the neglect of other sectors is referred to as
British disease phenomenon
Dutch disease phenomenon
Spanish disease phenomenon
French disease phenomenon
100. In the context of regional economic integration, which of the following equations is not correct?
Customs Union = Free trade area + Common external tariff
Economic Integration = Common market + Fixed exchange rate + Macroeconomic co-ordination
Common Market = Customs Union + NTBs + Factor mobility
Free Trade Area = Customs Union – Common external tariff
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