Top 150+ Solved Principles of Internation Business for Tourism MCQ Questions Answer
Q. BOP deficit can be corrected through --------------
a. Increasing imports
b. Increasing exports
c. Increase in interest rates
d. None of these
Q. Foreign exchange is demanded by -------------
a. Exporters
b. Domestic travelers
c. Importers
d. None of these
Q. Devaluation will improve when elasticity of demand of country’s export and import is
a. Less than one
b. Equal to one
c. Infinity
d. Greater than one
Q. Deficit BOP can be solved by --------------------
a. Expenditure switching policies
b. Expenditure reducing policies
c. Both a and b
d. None of these
Q. The difference between the value of goods and services exported and imported is called -------------
a. BOP
b. BOT
c. Balance on Capital Account
d. Balance of Current Account
Q. The convertibility of dollar was formally abandoned in ---------------
a. 1962
b. 1966
c. 1973
d. 1971
Q. Soft loans to underdeveloped countries are disbursed by -----------
a. IDA
b. IBRD
c. GATT
d. ADB