61. Trade Policy measures for correction of balance of payments disequilibrium include of export promotion:
A. export promotion
B. import control
C. both a & b
D. import substitution
C. both a & b
62. In calculating India’s balance of payments position, we must:
A. omit invisible items
B. omit exports and imports of gold
C. include expenditure by foreign tourists as imports
D. include long term loans abroad as debit
B. omit exports and imports of gold
63. The convertibility of dollar was formally abandoned in:
A. 1971
B. 1966
C. 1973
D. 1962
A. 1971
64. Each member of IMF is assigned a quota expressed in:
A. member country’s currency
B. dollar
C. special drawing rights
D. none of the above
C. special drawing rights
65. The international monetary system that existed from 1947 to 1971 is generally known as:
A. par value system
B. pegged exchange rate system
C. bothe a & b
D. fewer rupees in the spot market than in the home market
A. par value system
66. The fundamental cause for the collapse of the Bretton woods system was:
A. liquidity problem
B. the adjustment problem
C. the confidence problem
D. all of the above
D. all of the above
67. The direction of trade indicates:
A. the nature of goods that are exported and imported
B. the value of goods that are exported and imported
C. the countries to which commodities are exported and the countries from which commodities are imported
D. the terms at which exports exchanges for imports school of distance education indian economy
C. the countries to which commodities are exported and the countries from which commodities are imported
68. The important component of foreign trade:
A. terms of trade, balance of trade and balance of payment
B. the volume of trade, the composition of trade and direction of trade
C. terms of trade and volume of trade
D. terms of trade and direction of trade
B. the volume of trade, the composition of trade and direction of trade
69. The balance of payment in unfavorable:
A. when value of export is greater than import
B. when value of import is greater than export
C. when value of imports and exports are equal
D. only when there is much greater difference between exports and imports
B. when value of import is greater than export
70. In which of the plan period, the Balance of payment position had surplus:
A. first plan
B. second plan
C. third plan
D. fifth plan
D. fifth plan
71. The Mudaliar Committee was related to:
A. export-import policy
B. exim bank
C. small scale industries
D. banking sector
A. export-import policy
72. EXIM Bank was set up in:
A. 1980
B. 1982
C. 1991
D. 2000
B. 1982
73. The balance of payment on current account shows:
A. the record of the current position of the country in transfer of both visible and invisible items
B. the record of the financial position of the country
C. the extent of the financial position of the country
D. the record of the current position of visible items.
A. the record of the current position of the country in transfer of both visible and invisible items
74. “Capitalism” refers to?
A. The use of market
B. Government ownership of capital
C. Private ownership of capital goods
D. Private ownership of homes & cars
. Private ownership of capital goods
75. What is the main cause of exports surplus?
A. Country’s stringent import policy
B. Developments in national and international markets
C. Country’s exports promotion value
D. above all
D. above all
