Top 250+ Solved Business Economics MCQ Questions Answer
Q. Disequilibrium in the BOP caused by changes in the demand or supply relations of exports or imports or both refer to :
a. Cyclical disequilibrium
b. Short Run disequilibrium
c. Structural disequilibrium
d. Fundamental disequilibrium
Q. Which of the following is not a non monetary measure to correct the disequilibrium in BOP ?
a. Tariff
b. Import quotas
c. Export promotion
d. Devaluation
Q. TRIMS include measures to :
a. Treat foreign investment on par with domestic income
b. Remove quantitative restrictions
c. Treat foreign investment on par with domestic investment
d. Remove qualitative retrictions
Q. Pick out the one which is not true of GATS :
a. Services and service activities are covered under GATS
b. National treatment to members
c. No market access to service supplier’s
d. No discrimination between service suppliers
Q. Pick out the feature which is not true of the Agreement on Agriculture.
a. Reduce domestic subsidies
b. reduce export subsidies
c. Increase tariffs
d. Increase trade in agricultural goods
Q. In balance of payment account, all goods exported and imported are recorded in _ .
a. Capital account
b. Merchandise account
c. Invisible account
d. Current account
Q. Gifts and charities account are also known as :
a. Export
b. Unilateral transfer
c. Import
d. Long–term borrowing
Q. Reducing the value of domestic currency in term of foreign currency :
a. Deflation
b. Exchange control
c. Tariff
d. Devaluation
Q. The current account in the balance of payments _ .
a. is a total of all the visible items of trade
b. includes merchandise trade and services
c. always shows a surplus
d. includes autonomous and accommodating flows
Q. Good performance on _ has helped India to improve its current account balance in recent times.
a. trade account
b. invisible account
c. Capital account
d. reserves account
Q. After covering deficits on current account, excess capital account receipts are added to _.
a. IMF account
b. Official transfers
c. Foreign exchange reserves
d. Bank capital
Q. Reducing public expenditure to correct BOP disequilibrium is a _ __ measure.
a. Monetary
b. Fiscal
c. Special
d. Commercial
Q. _ is not a cause of deficit in balance of payments.
a. increase in import
b. fall in exports
c. capital outflow
d. capital inflows
Q. Devaluation of a currency is brought about by the _ .
a. World Bank
b. Asian Development Bank
c. International Finance Corporation
d. Government