Foreign Trade & International Organizations UPSC Questions

Economics

Foreign Trade & International Organizations MCQ Questions


7.
The balance of payments of a country is a systematic record of
UPSC - 2013
A.
all import and export transactions of a country during a given period of time, normally a year
B.
goods exported from a country during a year
C.
economic transaction between the government of one country to another
D.
capital movements from one country to another
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ANSWER :
A. all import and export transactions of a country during a given period of time, normally a year
8.
Consider the following statements: The price of any currency in the international market is decided by the
1. World Bank
2. Demand for goods/services provided by the country concerned
3. Stability of the government of the concerned country
4. economic potential of the country in question
Which of the statements given above are correct?
UPSC - 2012
A.
1, 2, 3 and 4
B.
2 and 3 only
C.
3 and 4 only
D.
1 and 4 only
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ANSWER :
B. 2 and 3 only
9.
Which one of the following issues the 'Global Economic Prospects' report periodically?
UPSC - 2015
A.
The Asian Development Bank
B.
The European Bank for Reconstruction and Development
C.
The US Federal Reserve Bank
D.
The World Bank
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ANSWER :
D. The World Bank
10.
With reference to Balance of Payments, which of the following constitutes/ constitute the Current Account?
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights
Select the correct answer using the code given below.
UPSC - 2014
A.
1 only
B.
2 and 3
C.
1 and 3
D.
1, 2 and 4
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ANSWER :
C. 1 and 3
11.
Which of the following best describes the term "import cover", sometimes seen in the news?
UPSC - 2016
A.
It is the ratio of value of Domestic product of a country
B.
It is the total value of imports of a country
C.
it is the ratio between the value of exports and that of imports between two countries
D.
It is the number of months of imports that could be paid for by a country's international reserves.
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ANSWER :
D. It is the number of months of imports that could be paid for by a country's international reserves.
12.
Convertibility of rupee implies
UPSC - 2015
A.
being able to convert rupee notes into good
B.
allowing the value of rupee to be fixed by market forces
C.
freely permitting the conversion of rupee to other currencies and vice versa
D.
developing an international market for currencies in India
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ANSWER :
C. freely permitting the conversion of rupee to other currencies and vice versa