1. To promote and sustain mutual trade and
cooperation among member countries is the main objective of _
A.   SAQTA
SAQTA
B.   SAPTA
SAPTA
C.   SALTA
SALTA
D.   SAMTA
SAMTA
ANS: B
 
2. Protection Policy includes __
A.   only
import substitution
B.   only
export promotion.
C.   Import
promotion and export substitution
D.   Import
substitution and export promotion
ANS: C
 
53. countries that r part of the — accept
the same foreign duties
A.   free
trade area
B.   customs
union
C.   economic
union
D.   sectoral
integration
ANS: B
 
54. in an open economy national income when I
ANS: X <S ANS: M, ……
A.   contraction
in national income takes place
B.   expansion
in national income takes place
C.   equilibrium
in national income takes place
D.   none
of these
ANS: C
 
55. Economic opportunities, conveniences,
high wages, modern lifestyle are the _ of migration.
A.   Push
factors
B.   Pull
factors
C.   Economic
factors
D.   Geographical
factors
ANS: C
 
56. Disputes in WTO are mainly about __
A.   Broken
images
B.   Broken
dreams
C.   Broken
phases
D.   Broken
promises/rules
ANS: D
 
57. Which of the following is not a form of
intellectual property?
A.   Copyright
B.   Trademarks
C.   Geographical
indications
D.   Personal
secret
ANS: C
 
58. which of the following statement is true
A.   export
exposure leads to exchange risk
B.   exchange
risk leads to export exposure
C.   exchange
risk and export exposure are not related to each other
D.   None
of these
ANS: D
 
59.—was initially known as European common
market (ECM) AND European economic community (EEC)
A.   European
union
B.   Customs
union
C.   free
trade area
D.   preferential
trading
ANS: A
 
60.the headquarters of international monetary
fund’s s in
A.   Manila
B.   Cairo
C.   Berlin
D.   Washington
ANS: D
 
61.south Asian association for regional
cooperation (SAARC) was established in
A.   December
1983
B.   December
1984
C.   December
1985
D.   December
1986
ANS: C
 
62. Keynes Multiplier depends upon _
A.   I + S
I + S
B.   K=F(MPC)
K=F(MPC)
C.   C + S
C + S
D.   M + P
M + P
ANS: B
 
63. ……. is the first phase of dispute
settlement body of WTO
A.   Execution
B.   consultation
C.   report
presentation
D.   punitive
action
ANS: B
 
64. The expenditure chagrin policies to bring
about internal and external balance are also termed as ……
A.   expenditure
accommodating policies
B.   expenditure
accustoming polices
C.   expenditure
adapting policies
D.   expenditure
adjustment policies
ANS: B
 
65. Closed economy multiplier gets designated
as K which is a function of ……
A.   MPC
B.   MPS
C.   MPC*MPS
D.   MPC/MPS
ANS: D
 
66. Arbitrageur in a foreign exchange market
…..
A.   buys
when the currency i low and sells when it is high
B.   Simultaneously
buying and selling of currency with a view of making riskless profit
C.   buying
at present rate and selling in future without considering its value
D.   but
and selling only we markets are uncertain
ANS: D
 
67. Where do MNCs choose to set up production?
A.   Cheap
goods
B.   Cheap
labour resources
C.   Economic
sustainability
D.   None
of these
ANS: B
 
68. The role of _ adopted by developed
countries have a big difficulty to developing countries.
A.   Free
trade
B.   Protection
Policy
C.   Export
D.   Dumping
ANS: B
 
69. when a country suffers from deficit in
the balance of payments the central bank– the bank rate
A.   do
not change
B.   increase
C.   Decrease
D.   none
of these
ANS: D
 
70. according to modern economist’s trade
liberalisation has increased — in market
A.   consumer
dream
B.   Consumer
theft
C.   Consumer
choice
D.   consumer
fight
ANS: C
 
71. — results in a reduction in world
production and consumption efficiency
A.   direct
tax
B.   in
direct tax
C.   Profit
tax.
D.   export
subsidy
ANS: B
 
72. the value of foreign trade multiplier (KF)
because of which the following leakage
A.   saving
and investment
B.   saving
and export
C.   Import
and saving
D.   import
and export
ANS: D
 
73. which s the cause of the devaluation of
any country currency
A.   increase
in the domestic inflation rate
B.   Domestic
real interest rates less than foreign interest rates
C.   Much
increase in the incomes
D.   All
of these
ANS: D
 
74. Exchange rates ……
A.   are always
fixed
B.   fluctuate
to equate the quantity of foreign exchange demanded with the quantity supplied
C.   fluctuate
to equate imports and exports
D.   fluctuate
to equate of interest in various countries
ANS: B
 
75. The developing countries in trade in
textile wanted a fast phasing out if the — up under which the textile import
have been restricted
A.   Multi
fibred arrangements
B.   multi
fibred agreement
C.   Multi
fibred scheme
D.   multi
fibred treaty

ANS: A