Banking General Awareness Industry, Trade and International Organisation Question Bank

done Industry, Trade and International Organisation Total Questions - 103

• question_answer1)
  Foreign Direct Investment (FDI) is investment directly into production in a country by a company located in another country, then which one of the following modes is correct about the FDI?
  A)
   Buying a company in the target country done clear
  B)
   Expanding operations of an existing business in that country done clear
  C)
   Investing in the shares and stocks of a company in the target country done clear
  D)
   Both a and b done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer2)
  Which one of the following factors is taken into account to calculate the Balance of Payment (BoP) of a country?
  A)
   Current account done clear
  B)
   Changes in the foreign exchange done clear
  C)
   Errors and omissions done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer3)
  BoP (Balance of Payment) refers to
  A)
   transactions in the flow of capital done clear
  B)
   transactions relating to receipts and payment of invisible done clear
  C)
   transactions relating only to exports and imports done clear
  D)
   systematic record of all its economic transaction with the rest of the world done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer4)
  As per recent reports, many countries are planning to introduce 'Tobin Tax', the idea of which was given by a nobel prize winner economist James Tobin in 1978. Tobin Tax, if implemented, will be levied on which of the following?
  A)
   On the interest income of corporates earned through major investments done clear
  B)
   All cash transactions done clear
  C)
   Services availed specifically by an elite group of people done clear
  D)
   Foreign exchange transactions done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer5)
  Which of the following is the component of India's Foreign Exchange Reserve?
  A)
   Special drawing rights done clear
  B)
   Reserve tranche position of India in IMF done clear
  C)
   Indian currency held by foreign countries done clear
  D)
   Both a and b done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer6)
  All of the following are useful options for the government to pursue to bolster foreign exchange reserves, except to
  A)
   impose exchange controls done clear
  B)
   impose export controls done clear
  C)
   adjust the exchange rate done clear
  D)
   borrow foreign currencies done clear
  E)
   permit a free floating exchange rate done clear
  View Solution play_arrow

• question_answer7)
  The balance of international indebtedness is a record of a country's international
  A)
   investment position over a period of time done clear
  B)
   investment position at a fixed point in lime done clear
  C)
   trade position over a period of time done clear
  D)
   trade position at fixed point in time done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer8)
  On the balance of payments statements, merchandise imports are classified in the
  A)
   current account done clear
  B)
   capital account done clear
  C)
   unilateral transfer account done clear
  D)
   official settlements account done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer9)
  Which one of the following is the investment in securities that is intended for financial gain only and does not create a lasting interest in or effective management control over an enterprise?
  A)
   Foreign direct investment done clear
  B)
   Portfolio investment done clear
  C)
   Equity direct investment done clear
  D)
   Both a and c       done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer10)
  Inward remittances by foreign steamship and airlines companies to finance their operating expenses in the country are shown under
  A)
   the credit side of the current account of balance of payment done clear
  B)
   the debit side of the current account of balance of payment done clear
  C)
   the credit side of the capital account of balance of payment done clear
  D)
   the debit side of the capital account of balance of payment done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer11)
  Balance of trade of a country is equivalent to
  A)
   difference between the inward and outward remittances made in foreign exchange done clear
  B)
   surplus generated shown in a trading account done clear
  C)
   difference between exports and imports done clear
  D)
   All of these        done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer12)
  With regard to the Export Policy of the Government of India, which of the following statements is correct?
  A)
   All commodities can be exported without license done clear
  B)
   Export licenses are required for only a few items done clear
  C)
   Export licenses are required for all items done clear
  D)
   All of these        done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer13)
  In India, which of the following agencies is responsible for announcing the Foreign Trade Policy?
  A)
   RBI             done clear
  B)
   EXIM Bank done clear
  C)
   Foreign Ministry done clear
  D)
   Industry and Commerce Ministry done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer14)
  What is the full form of 'EPZ'?
  A)
   Economical Plus Zone done clear
  B)
   Entertainment Plus Zone done clear
  C)
   Export Promotion Zone done clear
  D)
   Electronic Promotion Zone done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer15)
  SDR, is an international reserve asset, created by the IMF in?
  A)
   1956                done clear
  B)
   1963    done clear
  C)
   1969                            done clear
  D)
   1974 done clear
  E)
   1982 done clear
  View Solution play_arrow

• question_answer16)
  If the current account for a country is in deficit, then there must be
  A)
   a surplus in the government budget done clear
  B)
   low interest rates   done clear
  C)
   high productivity done clear
  D)
   a capital account surplus done clear
  E)
   the presence of attractive investment opportunities done clear
  View Solution play_arrow

• question_answer17)
  A potential problem with free floating exchange rates is that
  A)
   people who practice arbitrage may gain from the losses of others done clear
  B)
   uncertainty in exchange rate fluctuations may hinder international trade done clear
  C)
   exchange rates may never reach equilibrium done clear
  D)
   the currency markets may become monopolised done clear
  E)
   less developed countries may issue too much currency done clear
  View Solution play_arrow

• question_answer18)
  The balance of trade is given by
  A)
   income receipts minus income payments on investments done clear
  B)
   the balance of unilateral transfers done clear
  C)
   merchandise exports plus service exports minus the sum of merchandise and service imports done clear
  D)
   merchandise exports minus merchandise imports done clear
  E)
   the balance on current account done clear
  View Solution play_arrow

• question_answer19)
  Which one of the following percentages is the share of the Indian export in the international trade?
  A)
   Less than 1% done clear
  B)
   More than 1%, but less than 3% done clear
  C)
   More than 3%, but less than 5% done clear
  D)
   More than 5%, but less than 7% done clear
  E)
   More than 8% done clear
  View Solution play_arrow

• question_answer20)
  The balance on current account includes all of the following items except
  A)
   merchandise exports minus merchandise imports done clear
  B)
   exports of services minus imports of services done clear
  C)
   income receipts minus income payments on investments done clear
  D)
   changes in US assets owned abroad and foreign assets owned in the US done clear
  E)
   unilateral transfers of currency by individuals done clear
  View Solution play_arrow

• question_answer21)
  In an economy's Balance of Payments account,
  A)
   the capital and current accounts must add to 1 done clear
  B)
   the current account is always greater than the capital account done clear
  C)
   both the balance on current account and the balance on capital account are zero done clear
  D)
   the capital plus current account balances must equal zero done clear
  E)
   capital outflows must equal capital inflows done clear
  View Solution play_arrow

• question_answer22)
  Floating exchange rates refers to
  A)
   the ability of exchange rates to even out when displaced by shocks to the foreign exchange market done clear
  B)
   new issues of foreign exchange offered on the market done clear
  C)
   an exchange rate determined by the demand for and supply of a nation's currency done clear
  D)
   an excess demand for a nation's currency that causes its devaluation done clear
  E)
   an excess supply of a nation's currency that causes its appreciation done clear
  View Solution play_arrow

• question_answer23)
  People who practice arbitrage will create mutually consistent exchange rates if
  A)
   they operate in a country that practices exchange controls done clear
  B)
   exchange rates are set properly by government done clear
  C)
   productivity increases in the economy of the country whose currency is being traded done clear
  D)
   they buy a currency in one market at a low price and then sell at a high price in another market done clear
  E)
   the currency being traded appreciates done clear
  View Solution play_arrow

• question_answer24)
  Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?
  A)
   World Bank done clear
  B)
   International Monetary Fund (IMF) done clear
  C)
   Asian Development Bank done clear
  D)
   Reserve Bank of India done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer25)
  Which of the following countries has been given permanent membership of the World Trade Organisation recently?
  A)
   Ukraine                         done clear
  B)
   India     done clear
  C)
   Pakistan                       done clear
  D)
   Sri Lanka     done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer26)
  Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets, freely and at market determined exchange rates?
  A)
   Capital Account Convertibility done clear
  B)
   Financial Deficit Management done clear
  C)
   Minimum Support Price done clear
  D)
   Restrictive Trade practices done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer27)
  The Foreign Trade Policy announced in the year 2004 was announced for a period of
  A)
   two years         done clear
  B)
   three years done clear
  C)
   four years         done clear
  D)
   live years done clear
  E)
   ten years done clear
  View Solution play_arrow

• question_answer28)
  The letter 'D' stands for which of the following the abbreviated name OECD? Organisation of Economic Cooperation and
  A)
   Defence                        done clear
  B)
   Direction   done clear
  C)
   Dominance                   done clear
  D)
  d) Development done clear
  E)
   Devaluation done clear
  View Solution play_arrow

• question_answer29)
  The IMF and the World Bank were conceived as institutions
  A)
   strengthen international economic cooperation and to help create a more stable and prosperous global economy done clear
  B)
   IMF promotes international monetary cooperation done clear
  C)
   The World Bank promotes long term economic development and. poverty reduction done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer30)
  In which year was World Bank formed?
  A)
   1945   done clear
  B)
   1956     done clear
  C)
   1960                            done clear
  D)
   1988 done clear
  E)
   1978 done clear
  View Solution play_arrow

• question_answer31)
  The capital of IMF is made up by contribution of the
  A)
   credit                done clear
  B)
   deficit financing done clear
  C)
   member nations             done clear
  D)
   borrowing done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer32)
  India's foreign trade is maximum with
  A)
   OPEC countries    done clear
  B)
   OECD countries done clear
  C)
   East European countries done clear
  D)
   Developing countries (excluding members of OPEC) done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer33)
  One of the main aims of General Agreement of Tariffs and Trade (GATT), and now of WTO, is to obtain
  A)
   A general agreement on free imports and exports done clear
  B)
   A reduction of the burden of import and export duties on small trading nations done clear
  C)
   A reduction of tariffs by mutual negotiation and elimination of import quotas done clear
  D)
   Improvement in economic condition of Developing countries done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer34)
  Whose part is the International Bureau of Education?
  A)
   UNESCO    done clear
  B)
   UNIDO done clear
  C)
   IMF                              done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer35)
  As per the reports published by the World Bank, what percentage of Indian population lives below the new International Poverty Line?
  A)
   30%                 done clear
  B)
   62% done clear
  C)
   52%                 done clear
  D)
   42% done clear
  E)
   68% done clear
  View Solution play_arrow

• question_answer36)
  Which of the following is not an original member of the UN?
  A)
   Pakistan      done clear
  B)
   India done clear
  C)
   Poland             done clear
  D)
   Cube done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer37)
  Who is the watch dog of international trade?
  A)
   World Bank                   done clear
  B)
   WTO done clear
  C)
   IMF                              done clear
  D)
   ILO done clear
  E)
   IBRD done clear
  View Solution play_arrow

• question_answer38)
  As per the news reports members of the SAARC agreed to establish a 'SAARC' Food Bank' to ensure food security for members in case of any emergency. Which of the following nations agreed to provide maximum quantity of food for the bank?
  A)
   India           done clear
  B)
   Pakistan done clear
  C)
   Bhutan             done clear
  D)
   Nepal done clear
  E)
   Sri Lanka done clear
  View Solution play_arrow

• question_answer39)
  What are the ad-hoc bodies of the UN General Assembly?
  A)
   Special Committee on Peace Keeping Operation, Human Rights Committee, Committee on the Peaceful Use of Outer Space done clear
  B)
   Conciliation Commission for Palestine, Conference on Disarmament, International Law Commission, Scientific Committee on the effects of Atomic Radiation done clear
  C)
   Special Committee on the Implementation of the Declaration on the Granting of Independent Countries and Peoples Commission on International Trade Law done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer40)
  As reported in various newspapers/ magazines, India has doubled its credit to Africa for 5 yr from next fiscal. This decision was taken in which of the following forums?
  A)
   Meeting of the G-8 nations done clear
  B)
  Meeting of the World Trade Organisation 2008 done clear
  C)
   India-Africa Forum Summit 2008 done clear
  D)
   Meeting of the Foreign Ministers of the SAARC done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer41)
  Which of the following is not a member of ASEAN?
  A)
   Malaysia          done clear
  B)
   Indonesia done clear
  C)
   Vietnam            done clear
  D)
   Britain done clear
  E)
   Singapore done clear
  View Solution play_arrow

• question_answer42)
  Which of the following pairs is not correct?
  A)
   SAARC                         :   New Delhi done clear
  B)
   ASEAN                         :   Jakarta done clear
  C)
   International Committee   :   Geneva of the Red Cross done clear
  D)
   Interpol                          :   Geneva done clear
  E)
   Both c and d done clear
  View Solution play_arrow

• question_answer43)
  The second BIMSTEC Summit was organised in November 2008 in
  A)
   Dhaka              done clear
  B)
   Kathmandu done clear
  C)
   Thimpu           done clear
  D)
   New Delhi done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer44)
  Where is the Headquarters of Inter Parliamentary Union?
  A)
   Sweden           done clear
  B)
   UK done clear
  C)
   USA                             done clear
  D)
   Switzerland done clear
  E)
   India done clear
  View Solution play_arrow

• question_answer45)
  When did World Trade Organisation come into force?
  A)
   2nd Jan, 1948               done clear
  B)
   1st Jan, 1995 done clear
  C)
   12th Jan, 1948              done clear
  D)
   15th Jan, 1946 done clear
  E)
   13th Jan, 1947 done clear
  View Solution play_arrow

• question_answer46)
  What is the number of member states in the World Trade Organisation?
  A)
   144                  done clear
  B)
   148     done clear
  C)
   150                              done clear
  D)
   164 done clear
  E)
   170 done clear
  View Solution play_arrow

• question_answer47)
  Who have the largest share of world trade?
  A)
   European Union, USA done clear
  B)
   Japan             done clear
  C)
   Canada done clear
  D)
   All of these  done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer48)
  Where is the headquarters of World Trade Organisation?
  A)
   New Delhi                     done clear
  B)
   New York done clear
  C)
   Geneva done clear
  D)
   Rome done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer49)
  Which UN Organisation, is called as the World Bank?
  A)
   International Bank for Reconstruction and Development (IBRD) done clear
  B)
   International Banking System done clear
  C)
   International Banking Management System done clear
  D)
   None of the above done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer50)
  Which one of the following institutions publish the report of 'World Economic Outlook'?
  A)
   IMF                  done clear
  B)
   World bank done clear
  C)
   RBI                              done clear
  D)
   UNCTAD done clear
  E)
   Citi Bank- done clear
  View Solution play_arrow

• question_answer51)
  How is the United Nation Monetary and Financial Conference where in the agreements were signed to setup IBRD, GATT and IMF, commonly known?
  A)
   Bandung Conference done clear
  B)
   Bretton Woods Conference done clear
  C)
   Versailles Conference done clear
  D)
   Yalta Conference done clear
  E)
   Geneva Conference done clear
  View Solution play_arrow

• question_answer52)
  Which one of the following countries is the first borrower of fund from the International Monetary Fund?
  A)
   United States                 done clear
  B)
   France done clear
  C)
   Spain              done clear
  D)
   India done clear
  E)
   Sri Lanka done clear
  View Solution play_arrow

• question_answer53)
  Which one of the following statements is true regarding IMF?
  A)
   It is not an agency of UNO done clear
  B)
   It can grant loan to any country of the world done clear
  C)
   It can grant loan to State Government of a country done clear
  D)
   It grants loan only to member nations done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer54)
  Voting rights in the IMF are distributed on the basis of
  A)
   one country, one vote done clear
  B)
   Proportion to the share of the income of the country in the world income done clear
  C)
   Proportion to contributions given by each country done clear
  D)
   Proportion to quota allotted to countries from time to time done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer55)
  Which of the following is not a member of Organisation of the Petroleum Exporting Countries (OPEC)?
  A)
   Algeria              done clear
  B)
   Brazil done clear
  C)
   Ecuador           done clear
  D)
   Nigeria done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer56)
  The headquarters of IMF and World Bank are located at
  A)
   Geneva and Montreal     done clear
  B)
   Geneva and Vienna done clear
  C)
   New York and Geneva done clear
  D)
   Washington DC done clear
  E)
   Nigeria done clear
  View Solution play_arrow

• question_answer57)
  Which one of the following is the final session of the General Agreement on Tariff and Trade (GATT)?
  A)
   Singapore Session done clear
  B)
   Geneva Session. done clear
  C)
   Washington Session done clear
  D)
   Uruguay session done clear
  E)
   Vienna session done clear
  View Solution play_arrow

• question_answer58)
  Balance of trade may be surplus or favourable, when
  A)
   Exports < Imports         done clear
  B)
   Exports = imports done clear
  C)
   FDI = Imports               done clear
  D)
   Exports > Imports done clear
  E)
   Imports = FDI done clear
  View Solution play_arrow

• question_answer59)
  Which of the pillars given above is/are included in Agreement on Agriculture of the WTO?

  I. Domestic support

  II. Market access

  III. Export subsidies

  Select the correct answer using the codes given below
  A)
   Only II            done clear
  B)
   I and II done clear
  C)
    II and III                      done clear
  D)
   Only I done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer60)
  Consider the following statements

  I. WTO was established on 1st Jan, 1995.

  II. It was created by Uruguay round negotiation.

  III. WTO has 159 members countries.

  Which of the statements given above are correct?
  A)
   I and II            done clear
  B)
   I and III done clear
  C)
   II and III                       done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer61)
  Consider the following statements.

  I. IMF and World Bank both are Bretton Wood heir.

  II. World Bank provides long term loan for promoting balanced economic development.

  III. IMF provides loans to eliminate BoP disequilibrium.

  Which of-the statements given above are correct?
  A)
   I and II            done clear
  B)
   II and III done clear
  C)
   I and III                        done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer62)
  Consider the following organisations

  I. International Bank for Reconstruction and Development (IBRD)

  II. International Finance Corporation (IFC)

  III. International Fund for Agricultural Development (IFAD)

  IV. International Monetary Fund (IMF)

  Which of the above agencies of United Nations is/are correct?
  A)
   II, III and IV done clear
  B)
   III and II done clear
  C)
   II and III          done clear
  D)
   III and IV done clear
  E)
   I and II done clear
  View Solution play_arrow

• question_answer63)
  Consider the following statements regarding ADB.

  I. ADB was established in 1966 and has 67 members at present.

  II. The bank aims at fighting poverty in Asia and in the Pacific.

  III. The functions of ADB are different from that of World Bank.

  Which of the statements given above is/are correct?
  A)
   Only I              done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   I and II done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer64)
  Which of the following is/are included in 'Deficit Financing' in India?

  I. Borrowing from the Reserve Bank of India.

  II. Issue of new currency notes.

  III. Withdrawal of past balances/surpluses etc.

  Select the correct answer using the codes given below
  A)
   Only I             done clear
  B)
   Only II done clear
  C)
   Only III           done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer65)
  Which of the following statements is/are true about the 34th Summit of the World's eight most industrialised nations (G-8 Summit) held in July, 2008?

  I. The summit took place in Moscow.

  II. Leaders of G-8 countries endorsed a proposal to have the quantity of the carbon emissions in the air by the year 2050.

  III. Leaders of G-8 nations also expressed their strong concern about the sharp and frequent rise in the prices of oil products globally.

  Codes
  A)
   Only I              done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   I and III done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer66)
  Consider the following items

  I. Gems and jewellery

  II. Chemicals and related products

  III. Engineering goods

  IV. Textiles

  Which of the items given above are the top items in India's manufactured exports?
  A)
   I, II and III   done clear
  B)
   I, II and IV done clear
  C)
   II, III and IV                  done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer67)
  We very frequently read about the activities of the Foreign Exchange Market in newspapers/ magazines. Which of the following is/are the major functions of the same?

  I. Transfer of purchasing power from domestic to foreign market.

  II. Providing credit for financing foreign trade.

  III. Power to purchase gold from foreign countries, as most of the nations still work on Gold Standards.

  Codes
  A)
   Only I              done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   I and II done clear
  E)
   II and III done clear
  View Solution play_arrow

• question_answer68)
  As per the RBI, the economic conditions in India are not yet suitable for full convertibility of Rupee. At present Rupee is convertible at which of the following accounts?

  I. Fully at Capital Account

  II. Fully at Current Account

  III. Partially at Trade Account

  Codes
  A)
   Only I             done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   Only II and III done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer69)
  Choose the correct option related to World Bank Organisations, IBRD and IDA.

  I. India use IDA funds on social sector.

  II. India use IBRD funds on infrastructure development.

  III. IBRD loans are cheaper than IDA loans.

  Which of the statements given above is/are correct?
  A)
   Only I             done clear
  B)
   Only II done clear
  C)
   I and II        done clear
  D)
   II and III done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer70)
  As per the news published in various financial newspapers, the RBI is r-working the roadmap on Capital Account Convertibility. If this is done, who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions?

  I. Public Sector Banks

  II. Companies which are registered m India

  III. Government of India

  IV. Any Individual

  Select of the correct answer using the codes given below
  A)
   Only I                          done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer71)
  Consider the following statements.

  I. Nominal Effective Exchange Rate (NE'ER) is the weighted average of bilateral exchange rate of the home currency in the terms of foreign currencies.

  II. Real Effective Exchange Rate (REER) is used to measure the movements of exchange rate as well as inflation differentials between India and its major trading partners.

  Which of the statements given above is/are correct?
  A)
   Only I              done clear
  B)
   Only II done clear
  C)
   Both I and II done clear
  D)
   Neither I nor II done clear
  E)
   Either I or II done clear
  View Solution play_arrow

• question_answer72)
  In order to attract, more foreign exchange the Government of India decided to allow foreign investment in LLP firms, what is full form of 'LLP' as used in this reference?                                                     [IBPS PO 2011]
  A)
   Local Labour Promotion     done clear
  B)
   Low Labour Projects done clear
  C)
   Limited Loan Partnership done clear
  D)
   Longer Liability Partnership done clear
  E)
   Limited Liability Partnership done clear
  View Solution play_arrow

• question_answer73)
  Which of the following organisations has given a warning to the nations of the world that there may be increased risk to global financial stability in the world?                                                                            [RBI Grade B 2011]
  A)
  World Bank           done clear
  B)
  World Trade Organisation done clear
  C)
  Asian Development Bank done clear
  D)
  International Monetary Fund done clear
  E)
  United Nation Organisation done clear
  View Solution play_arrow

• question_answer74)
  Which of the following economic concepts is 'categorised on the basis of current account or capital account or both? [RBI Grade B 2011]
  A)
   Balance of payments done clear
  B)
  Value of the food grain stock of a country done clear
  C)
  Gross National Product (GNP) done clear
  D)
  Gross National Income (GNI) done clear
  E)
  Total collection of direct taxes in a year done clear
  View Solution play_arrow

• question_answer75)
  Special Drawing Rights are the rights of countries provided by                                             [RBI Grade B 2011]
  A)
   World Bank                   done clear
  B)
   IMF done clear
  C)
   ADB                done clear
  D)
   Federal Reserve done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer76)
  Which of the following statements is true about International Monetary Fund (IMF)?              [RBI Grade B 2011]
  A)
  It provides ways and means funds to member countries done clear
  B)
  It is an agency of the World Bank and is situated in Prague done clear
  C)
  It makes all the rules and regulations in relation to the world trade between the nations done clear
  D)
  On becoming its member, countries get finance as temporary balance of payment needs done clear
  E)
  It is an organisation floated by the members of NATO and caters to the need of those countries only done clear
  View Solution play_arrow

• question_answer77)
  The main function of the IMF is                                  [Indian Overseas Bank 2011; Corporation Bank 2011]
  A)
   to help solve balance of payments problems of member countries done clear
  B)
   to arrange international deposits from banks done clear
  C)
   to act as private sector lending arm of the World Bank done clear
  D)
   to finance investment loans to developing countries done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer78)
  On which one of the following issues has IMF supported monetary policy of India?   [Indian Overseas Bank 2011]
  A)
   Introduction of GST done clear
  B)
   Stimulus for agriculture sector done clear
  C)
   Concessions for foreign investment done clear
  D)
   Tightening of monetary policy done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer79)
  Where is the head office of the International Monetary Fund (IMF)?                                    [Andhra Bank 2011]
  A)
   Paris                            done clear
  B)
   New York done clear
  C)
   Washing-ton DC done clear
  D)
   Dhaka done clear
  E)
   Beirut done clear
  View Solution play_arrow

• question_answer80)
  Invisible Export means export of                                                                              [Corporation Bank 2011]
  A)
   services done clear
  B)
   prohibited goods done clear
  C)
   unrecorded goods done clear
  D)
   goods through smuggling done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer81)
  What is 'financial inclusion'?                                                                                   [Allahabad Bank 2011]

  I. Easy access to bank accounts for safe parking of savings.

  II. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur.

  III. Availability of basic financial products like insurance.

  Select the correct answer using the codes given below
  A)
   Only I              done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   I and II done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer82)
  Which of the following organisations provides guarantee to the exporters?                         [Allahabad Bank 2011]
  A)
   Exim Bank        done clear
  B)
   Export Credit Guarantee Corporation done clear
  C)
   Director General Foreign Trade done clear
  D)
   Reserve Bank of India done clear
  E)
   Registrar of Companies done clear
  View Solution play_arrow

• question_answer83)
  Which of the following organisations issues the rules of global trade?                               [Allahabad Bank 2011]
  A)
   World Bank done clear
  B)
   World Trade Organisation done clear
  C)
   Foreign Exchange Dealers' Association done clear
  D)
   Directorate General of Foreign Trade done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer84)
  What is cross border exchange?                                                                                         [Allahabad Bank 2011]
  A)
   Trading of foreign currency in India done clear
  B)
   Trading of Indian rupee in exchange of other Currencies/goods done clear
  C)
   Hawala transactions in Indian rupee done clear
  D)
   Unauthorised remittance of Indian rupee done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer85)
  The difference between visible exports and visible imports is defined as                           [Corporation Bank 2011]
  A)
   Balance of trade    done clear
  B)
   Balance of payments done clear
  C)
   Balanced terms of trade done clear
  D)
   Gains from trade   done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer86)
  Euro was the single currency of European Union, which came in circulation by              [Corporation Bank 2011]
  A)
   1970                done clear
  B)
   1985    done clear
  C)
   1999                done clear
  D)
   2002 done clear
  E)
   2007 done clear
  View Solution play_arrow

• question_answer87)
  The term 'FTZ' stands for                                                                              [SBI Clerk 2012]
  A)
   Free Trade Zone             done clear
  B)
   Food Trade Zone done clear
  C)
   Foreign Trade Zone        done clear
  D)
   Fiscal Trade Zone done clear
  E)
   Financial Trade Zone done clear
  View Solution play_arrow

• question_answer88)
  In addition to India and China the following nations are also members of 'BRICS'          [SBI Associate 2012]
  A)
   Bangladesh, Russia and Sri Lanka done clear
  B)
   Belgium, Romania and South Africa done clear
  C)
   Belgium, Russia and Saudi Arabia done clear
  D)
   Brazil, Russia and South Africa done clear
  E)
   Bhutan, Russia and Sri Lanka done clear
  View Solution play_arrow

• question_answer89)
  Which of the following countries is not a member of Organisation of the Petroleum Exporting Countries (OPEC)? [SBI Associate 2012]
  A)
   Angola             done clear
  B)
   Libya done clear
  C)
   Bangladesh                   done clear
  D)
   Venezuela done clear
  E)
   Qatar done clear
  View Solution play_arrow

• question_answer90)
  Which of the following is the abbreviated name of the body/agency setup to boost foreign investments in India? [RBI Assistant 2012]
  A)
   FOREX             done clear
  B)
   FCCB done clear
  C)
   FIPB                            done clear
  D)
   FEMA done clear
  E)
   AITAF done clear
  View Solution play_arrow

• question_answer91)
  Which of the following countries is a member of BRICS?                                                  [RBI Assistant 2012]
  A)
   Bhutan             done clear
  B)
   Iran done clear
  C)
   Romania           done clear
  D)
   Sudan done clear
  E)
   South Africa done clear
  View Solution play_arrow

• question_answer92)
  The World Health Organisation (WHO) is a specialised agency of the United Nations (UN) that is concerned with international Public Health. It is headquartered at                                                                      [IBPS PO 2013]
  A)
   Sweden           done clear
  B)
   Switzerland done clear
  C)
   United Kingdom             done clear
  D)
   France done clear
  E)
   Germany done clear
  View Solution play_arrow

• question_answer93)
  MEIS and SEIS introduced in the foreign trade policy of                                                       [IBPS PO 2013]
  A)
  1990-95             done clear
  B)
  2000-05 done clear
  C)
  2010-15             done clear
  D)
  2015-20 done clear
  E)
  2016-21 done clear
  View Solution play_arrow

• question_answer94)
  Which of the following nations is 'not a member of SAARC?                                                 [SBI PO 2014]
  A)
   Nepal               done clear
  B)
   Mauritius done clear
  C)
   Bhutan             done clear
  D)
   Afghanistan done clear
  E)
   Maldives done clear
  View Solution play_arrow

• question_answer95)
  In Trade Finance, a financial transaction involving the purchase of receivables from exporters by a third party who takes all the risks associated with the receivable is known as                                                        [SBI PO 2014]
  A)
   Forfeiting          done clear
  B)
   Securitisation done clear
  C)
   Negotiation       done clear
  D)
   Factoring done clear
  E)
   Assignment done clear
  View Solution play_arrow

• question_answer96)
  Union Finance Ministry had announced the decision in the Rajya Sabha debate on the Finance Bill to setup former Justice AP Shah chaired a committee on 7th May, 2015. Shah Committee to look into the issue of [SBI PO 2015]
  A)
   Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs) done clear
  B)
   Trade and Industry done clear
  C)
   Science and Engineering done clear
  D)
   Bank done clear
  E)
   Public Affairs done clear
  View Solution play_arrow

• question_answer97)
  Indian Renewable Energy Development Agency Limited (IREDA) was awarded the Miniratna (Category 1) status by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises. Eligibility for Miniratna Category-1 PSEs                                                                                                 [SBI PO 2015]

  I. They should have made profit in the last three years continuously.

  II. The pre-tax profit should have been Rs. 30 crore of more in atleast one of the three years.

  III. Rs. 500 million to be invested Code.

  Select the correct answer using the codes given below
  A)
   I and II                         done clear
  B)
   II and III done clear
  C)
   I, II and III                    done clear
  D)
   I or II done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer98)
  Some countries may not worry about an unfavourable balance on current account because     [IBPS Clerk 2015]
  A)
   they know they can always borrow to cover the deficit done clear
  B)
   they import capital goods to build up export industries that will eventually, eliminate the deficit. done clear
  C)
   deficits are always a stimulant to economic growth, which is a higher priority done clear
  D)
   they can if necessary, fix the exchange rate to wipe out the deficit done clear
  E)
   their capital account will be favourable since the balance of payments always ends up at 0 done clear
  View Solution play_arrow

• question_answer99)
  The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in [RBI Grade B 2015]
  A)
   Shanghai (China) done clear
  B)
   Other than those given as options done clear
  C)
   Metro Manila (Philippines) done clear
  D)
   Kathmandu (Nepal) done clear
  E)
   Jakarta (Indonesia) done clear
  View Solution play_arrow

• question_answer100)
  The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. It is headquartered in                     [SBI Clerk 2016]
  A)
   Washington DC, US       done clear
  B)
   Vienna, Austria done clear
  C)
   New York, US               done clear
  D)
   New Delhi, India done clear
  E)
   Berlin, Germany done clear
  View Solution play_arrow

• question_answer101)
  The headquarters of the 'United Nations World Trade Organisation' is situated in                   [RBI Grade B 2016]
  A)
   Madrid, Spain      done clear
  B)
   Switzerland done clear
  C)
   Washington DC, USA done clear
  D)
   Paris, France       done clear
  E)
   Frankfurt, Germany done clear
  View Solution play_arrow

• question_answer102)
  The first SAARC Young Parliamentarians Conference (YPC) was recently (August 2016) held in                       [RBI Grade B 2016]
  A)
   New Delhi, India            done clear
  B)
   Thimphu, Bhutan done clear
  C)
   Islamabad, Pakistan       done clear
  D)
   Kabul, Afghanistan done clear
  E)
   Kathmandu, Nepal done clear
  View Solution play_arrow

• question_answer103)
  The 42nd G-7 summit in 2016 was held in which country?                                                  [RBI Grade B 2016]
  A)
   Japan               done clear
  B)
   Canada done clear
  C)
   France              done clear
  D)
   Germany done clear
  E)
   India done clear
  View Solution play_arrow