International Economics - 1

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Single Answer
Question
IMF came into existence in
Correct Answer
1945
Your Answer
1945

True/False
Question
Inspite of continuous & consistent decline in customs duty since 1991, there have been no excessive increase in imports.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The software module that is responsible for locking is :
Correct Answer
Lock Manager
Your Answer
Lock Manager

Multiple Choice Single Answer
Question
The mode in which data can be read but not written is called as :
Correct Answer
Shared Lock
Your Answer
Exclusive Lock

Select The Blank
Question
Quota or tariffs represent ________ which means that the imposing country dose it without taking into account the views of the exporting country.
Correct Answer
Unilateral action
Your Answer
Unilateral action

Multiple Choice Multiple Answer
Question
According to Posner why dose it take time to imitate?
Correct Answer
Because it takes new items to set up a new industry , Marketing for a inferior product in the international market , Due to foreign reaction lag
Your Answer
Product differentiation , Because it takes new items to set up a new industry , Due to foreign reaction lag

Select The Blank
Question
Credit worthiness of a country is judged by ________
Correct Answer
Size of it's reserves
Your Answer
Size of it's reserves

Multiple Choice Multiple Answer
Question
Long term economic reforms for enhancing export trade include -
Correct Answer
Enhanced linkage with the world economy , Doing away from quantitative restrictions , Following the code of transparency in the working of the foreign trade sector
Your Answer
Enhanced linkage with the world economy , Doing away from quantitative restrictions , Following the code of transparency in the working of the foreign trade sector

Multiple Choice Single Answer
Question
In Lock-S(Q) where Q is the data item stand for :
Correct Answer
Shared lock on data item Q
Your Answer
Shared lock on data item Q

Multiple Choice Multiple Answer
Question
What is a proportionate tax?
Correct Answer
10% to 15 % of the value of good is collected in the form of tax , Sometimes the tax is not flat , In this type of tax concessions are also made for the close partners
Your Answer
10% to 15 % of the value of good is collected in the form of tax

Multiple Choice Single Answer
Question
What is Free on board?
Correct Answer
Only produces value is taken into account for tariff
Your Answer
Only produces value is taken into account for tariff

Match The Following
Question
Correct Answer
Your Answer
On & Off
Binary Lock
Binary Lock
Two phase locking
Shrinking & Growing
Shrinking & Growing
Timestamps
Use of system clock or logical counter
Use of system clock or logical counter
Multiversion
Multiple copies
Multiple copies

Multiple Choice Single Answer
Question
Main intention behind the meet-up of the IMF & the World Bank in 1989 was
Correct Answer
Minimizing interferences in the free foreplay of the market forces for economic restructuring
Your Answer
Minimizing interferences in the free foreplay of the market forces for economic restructuring

Select The Blank
Question
Under the classifcation system, since 1996, the code has been further hiked from ________ .
Correct Answer
8 digit to 10 digit
Your Answer
8 digit to 10 digit

Select The Blank
Question
If due to exports the domestic producer feels threatened then they can resort to ________ non tariff barrier.
Correct Answer
Orderly marketing arrangements
Your Answer
Orderly marketing arrangements

Select The Blank
Question
By shifting labor which is skilled in a particular sector we impose a ________ on society
Correct Answer
Net burden
Your Answer
Less burden

Multiple Choice Multiple Answer
Question
What happens when the trade is opened internationally?
Correct Answer
Internal price ratios will no longer be valid , A uniform price ratio will be established
Your Answer
Internal price ratios will no longer be valid , Efficiency in production , Commodities will be cheaper

Multiple Choice Multiple Answer
Question
For the purpose of systematized classification of trade data, SITC divides all such commodities into -
Correct Answer
10 sections , 52 divisions , 180 items
Your Answer
10 sections , 52 divisions , 180 items

True/False
Question
Current account deficit/surplus met by opposite movement from the capital account helps to correct the disequilibrium in the foreign exchange market
Correct Answer
True
Your Answer
True

True/False
Question
The list of traded items included in the bag of custom duty reduction points out that the concessions are tilted towards benefitting the foreign suppliers more than the domestic producers.
Correct Answer
False
Your Answer
False

Match The Following
Question
Correct Answer
Your Answer
Partial specialisation
If one country is small and can not cope up with international market, in that case the competing country will produce 2 commodities.
Comparison between two countries as to who can produce what
Absolute Advantage
Absolute advantage in production of one commodity
Absolute advantage in production of one commodity
Exchange Ratio
The equilibrium exchange ratio must lie between the two pre trade ratio
The equilibrium exchange ratio must lie above the two pre trade ratio
Comparative cost
Comparative advantage in production of one product
Comparative advantage in production of one product

Multiple Choice Multiple Answer
Question
Optimistic schedulling follow three phases, they are:
Correct Answer
Read phase , Validate phase , Write phase
Your Answer
Read phase , Validate phase , Write phase

True/False
Question
In free trade area the member countries maintain the respective previous tariff rate with the rest of the world
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
How will government intervene in the intra - industry trade?
Correct Answer
By the policy of import substitution and export substitution.
Your Answer
By the policy of import substitution and export substitution.

Multiple Choice Multiple Answer
Question
What will be the outcome of trade in the tariff on import is reduced?
Correct Answer
Price in importing sector will come down. , Decline in output
Your Answer
Reduced profitability

Multiple Choice Single Answer
Question
What was the theory given by Adam Smith called?
Correct Answer
Absolute advantage theory
Your Answer
Comparative advantage

Multiple Choice Single Answer
Question
A data item X can be unlocked through :
Correct Answer
Unlock(Q)
Your Answer
Release (Q)

Multiple Choice Multiple Answer
Question
Sometime the system is deliberatley allowed to enter deadlock in order to use:
Correct Answer
Deadlock detection , Deadlock recovery
Your Answer
Deadlock detection , Deadlock recovery , Granting Permission

Multiple Choice Multiple Answer
Question
For the purpose of systematized classification of trade data, SITC divides all such commodities into -
Correct Answer
10 sections , 52 divisions , 180 items
Your Answer
10 sections , 52 divisions , 180 items

Select The Blank
Question
To look after activities in the four public sector insurance companies Govt of India has formed ________
Correct Answer
General Insurers' (Public Sector) Association Of India.
Your Answer
Genral Insurance Corporation.

Select The Blank
Question
Dispute Settlement Board is a part of ________
Correct Answer
WTO
Your Answer
WTO

Multiple Choice Multiple Answer
Question
What are the common characteristics of a economic integration?
Correct Answer
Cooperation in many other fields , Tariff withdrawal
Your Answer
Tariff withdrawal , Cooperation in many other fields , There are some special tariffs

True/False
Question
After passing the IRDA bill in 1999, Govt. decided to decentralize the GIC.from their four subsidiaries and allowed these companies to run it independently.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
From the world report of personnel lines of buisiness the share of world premium is lower side of the following countries
Correct Answer
East Europe , Latin America , Rest (incl India)
Your Answer
East Europe , Latin America , West Europe

Multiple Choice Single Answer
Question
For regulations of insurance business the first Indian insurance act was passed in the year
Correct Answer
1912
Your Answer
1950

True/False
Question
ECM countries are a very important source both for imports & exports.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
According to which theory technology can lead to change factor intensity of a product?
Correct Answer
Leontife Paradox
Your Answer
Comparative Advantage

Select The Blank
Question
The countries that agreed to various articles of GATT was know to be ________.
Correct Answer
Contracting parties
Your Answer
Contracting parties

True/False
Question
In wait-die scheme the older transaction waits for a younger one to release its data item.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Which of the following Insurance Companies are the promoters for "Agricultural Insurance Company of India Ltd."
Correct Answer
New India , Oriental , United India
Your Answer
United India

Select The Blank
Question
Under the classifcation system, since 1996, the code has been further hiked from ________ .
Correct Answer
8 digit to 10 digit
Your Answer
8 digit to 10 digit

True/False
Question
At the birth of the IMF, one ounce of gold was priced at $30.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Real effective exchange rate engulfs
Correct Answer
Relative price movements ( domestic & foreign )
Your Answer
The effect of domestic relative price changes in the foreign market

Select The Blank
Question
The year ________ shows the highest degree of incease in the customs duty over the previous year.
Correct Answer
1994-95
Your Answer
1994-95

Multiple Choice Single Answer
Question
What is a Common market?
Correct Answer
In this case there is no tariff on internal movement of goods but there is a common external tariff against the rest of world.
Your Answer
In this case there is no tariff on internal movement of goods but there is a common external tariff against the rest of world.

Multiple Choice Multiple Answer
Question
Which of the following sectors of personal Insurance are still untapped.
Correct Answer
Mediclaim , Householders , Per.Accidient
Your Answer
Mediclaim , Householders , Fire insurance

Select The Blank
Question
According to H-O theory a capital intensive country will produce ________
Correct Answer
Combination of two goods but will produce more of capital intensive goods
Your Answer
Only capital intensive goods