Tag: business studies

Questions Related to business studies

Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A
Explanation:

Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.

IMF provides machinery for international consultations.

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A

IMF acts as a __________ credit institution.

the wto and india world trade organisation international business commerce business studies

  1. long-term

  2. short-term

  3. both A & B

  4. neither A & B

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Correct Option: B

The full form of IDA is International Development Association. 

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A

Which among the following is a function of the IMF?

the wto and india world trade organisation international business commerce business studies

  1. Acting as short term credit institution

  2. Promoting orderly adjustment of exchange rate

  3. Lending institution of foreign currency and current transaction

  4. All of the above

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Correct Option: D
Explanation:

The functions of IMF are :

1: Acting as a short term credit institution
2: Promoting orderly adjustment of exchange rate
3: Lending instituions of foreign currency and current transaction.

The headquarters of the IMF is located in _______________.

the wto and india world trade organisation international business commerce business studies

  1. New York

  2. Los Angeles

  3. Washington D.C

  4. London

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Correct Option: C

Which among the following is not the major objectives of the IMF?

the wto and india world trade organisation international business commerce business studies

  1. Promote international monetary cooperation

  2. Promote balanced growth of international trade

  3. Promote weapons development in developing nations

  4. All of the above

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Correct Option: C
Explanation:

The major Objectives of IMF are 

1: to promote international monetary cooperation.
2: To promote balanced growth of international trade.

To promote weapons development in developing nations is not an objective of the IMF.

What is the full form of CII ?

function, distinction and objectives of chambers of commerce role of chambers of commerce & industry and trade associations internal trade commerce business studies

  1. Compilation of Indian Investment

  2. Confederation of Indian Industry

  3. Confederation of Inspection in Induatry

  4. None of these

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Correct Option: B
Explanation:

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.

What is the meaning of Octroi?

function, distinction and objectives of chambers of commerce role of chambers of commerce & industry and trade associations internal trade commerce business studies

  1. Tax collected on the goods and from the people entering the state or municipal limits.

  2. Tax collected from the customers present in the market.

  3. Tax levied on the goods in the market.

  4. None of these

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Correct Option: A
Explanation:

Octroi, tax levied by a local political unit, normally the commune or municipal authority, on certain categories of goods as they enter the area.

Name the infrastructural facilities that play a catalytic role in promoting trade.

function, distinction and objectives of chambers of commerce role of chambers of commerce & industry and trade associations internal trade commerce business studies

  1. Road

  2. Port

  3. Electricity

  4. All of these

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Correct Option: D
Explanation:

Catalyst trading is one of many tools used to “crack the code” of profitable stock market endeavors. The most basic aspect of catalyst trading is to foresee coming “hype” within a stock or industry, buy in advance, and sell into the exponential rise.

association, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, political donations, lobbying and publishing, but its focus is collaboration between companies.