Which of the following organisation provides guarantee to exporters?
Export Loan Guarantee Corporation
Which of the following does not form part of current account of Balance of Payments?
Export and import of goods
Export and import of services
Income receipts and payments
Capital receipts and payments
Capital receipts and payments do not form part of current account of Balance of Payment.
Which institution is known as 'soft loan window' of World Bank?
Indian Development Forum
Global capital-flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and Iatin American experience, which type of inflow is good for the host country?
Foreign Direct Investment
Foreign Portfolio Investment
External Commercial Borrowings
The earnings of India from diamond export is quite high. Which one of the following factors has contributed to it?
pre-independence stock-piling of diamonds in the country which are now exported
large production of industrial diamonds in the country
expertise available for cutting and polishing of imported diamonds which are then exported
as in the past, India produces huge quantity of gem diamonds which are exported
Which one of the following modes of privatization is the most comprehensive and complete?
introduction of private capital in public sector
contracting out management of public enterprises to the private sector
transferring ownership and management to the workers
transferring ownership and management to the private sector
Which one of the following types of borrowings from the IMF has the softest servicing conditions?
Second tranche loan
Which unit of valuation is known as 'paper gold'?
Which of the following is not one of the features of the Special Economic Zones (SEZ) being set up for promoting exports ?
The SEZ area will be treated as foreign territory for trade operations, duties and tariff.
No licence is required for import into the zone.
Foreign workers will be allowed free entry without visa restrictions.
There will be no routine examination by customs authorities of import/export cargo.
Which of the following is considered lending for promotion of exports?
Cash Credit Account
For National Manufacturing and Investment Zones (NMIZ). Special Economic Zone (SEZ) and EOUs (Exports-Oriented Units), which of the following statement is true?
NMIZs and EOUs will be located within SEZs
SEZs and EOUs will be located within NMIZs.
NMIZs are independent of SEZs and EOUs.
NMIZs and SEZs will be competitors in nature
Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two ?
FII helps bring better management skiIIs and technology, while FDI only brings in capital.
FII helps in increasing capital availability in general, while FDI only targets specific sectors.
FDI flows only into the secondary market while FII targets primary market
FII is considered to be more stable than FDI.
A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economies like UK and France. Why?
India has preference for certain countries as regards receiving FDI
India has double taxation avoidance agreement with Mauritius
Most citizens of Mauritius have ethnic identity with India and so they feel secure to invest in India
Impending dangers of global climatic change prompt Mauritius to make huge investments in India
India has comprehensive Double Taxation 13. 8. Avoidance Agreements (DTAA) with 23 countries. This means that there are agreed rates of tax and jurisdiction on specified types of income arising in a country to a tax resident of another country. Under the Income Tax Act 1961 of India, there are two specific provisions, Section 90 and Section 91, which provide specific relief to taxpayers to save them from DTAA. Section 90 is for taxpayers who have paid the tax in a country with which India has signed DTAA, while Section 91 provides relief to taxpayers who have paid tax to a country with which India has not signed a DTAA. Thus, India gives relief to both kind of taxpayers Mauritius by itself is a low tax counting.
TRIPS (Trade Related aspects of Intellectual Property Rights) agreements is administered by
United Nations Conference on Trade and Development (UNCTAD)
United Nations Organization (UNO)
World Trade Organization (WTO)
World Bank (WB)
Which is the role of the International Monetary Fund (IMF)?
To implement and advance global trade agreements
To settle industrial and trade disputes between members
To help poorer countries with their economic development
To maintain international financial stability in global financial markets
Which of the following is not an argument for protectionism?
To protect infant industries
To increase the level of imports
To protect strategic industries
To improve the balance of payments
Protectionism would reduce the level of imports into an economy.
Dumping in the context of international trade refers to :
Exporting goods at prices below the cost of production
Exporting goods of inferior quality
Exporting goods only to re-import them at cheaper rates
Exporting goods without paying appropriate taxes in the receiving country
Foreign Direct Investment involves:
A speculator trying to make a profit by buying company shares on a foreign stock exchange.
A UK energy company buying territory abroad where it expects to find oil reserves.
A tourist purchasing foreign currency to spend on a holiday abroad.
A company signing an agreement with a wholesaler to distribute its products in foreign markets.
The energy company will own and control the territory and the oil reserves it contains.
Many a times we read about Hot Money in newspapers. Which among the following options rightly describes hot money?
Hot money is useful and generally durable and is good for the country in all weathers
Hot money is dangerous and volatile and leaves the country in bad weather conditions
Hot money is good and adds to the development of the country & it comes from exports of services
Hot money is bad & useless as its arises from unusual activities like casinos, gambling, horse races, speculations etc.
A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?
Net Capital Flow
Balance of Payment
Balance of Trade
Asian Financial Crisis of 1997 started from which of the following countries?
In which among the following forms, the Special Drawing Rights (SDR) are kept as currency of International Monetary Fund?
Book Keeping Entry
A combination of all of three
Christine Lagarde is the head of which among the following international agencies / bodies?
Asian Development Bank
International Atomic Energy Agency
International Monetary Fund
AoA in context with World Trade Organization is ________ ?
Article of Association
Agreement on Agriculture
Agreement on Association
Administration of Agriculture
Different agreements of WTO are:
1. Multi-Fiber agreement (MFA).
2. Agreement on agriculture (AOA).
3. Trade related investment measures (TRIMS).
4. Trade related intellectual property right (TRIPS).
5. General agreement on trade and services (GATS)
Areas which are engines for economic growth supported by quality infrastructure and complemented by an attractive fiscal package are known as
Export Processing Zones
Duty Free Tariff Zones
Special Economic Zones