Tag: funding and assistance to small businesses

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Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The objective of the World Bank is _____________.

  1. to remove the short term disequilibrium is the balance of payments of the member countries

  2. to eliminate the long term disequilibrium in the balance of payments of the member of countries

  3. to eliminate the medium term disequilibrium in the balance of payments of the member of countries

  4. all the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The World Bank's primary objective is to provide long-term financial assistance and support for development, which includes addressing long-term structural imbalances in the balance of payments, whereas the IMF typically handles short-term disequilibrium.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The acronym for general agreement for tariffs and trade is _________.

  1. WTO

  2. IMF

  3. GATT

  4. ITO
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The acronym for General Agreement for Tariffs and Trade is GATT. The main aim of GATT is to promote international trade by eliminating trade barriers.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

Which of the following are international trade institutions?

  1. IMF

  2. IBRD

  3. ITO

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

International trade institutions are established for various aspects and regulations in the international trade, some of these institutions are International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Trade Organization (ITO). 

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The World Bank is significantly involved in eradication of poverty through raising productivity.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The world bank is significantly involved in eradication of poverty through raising productivity in the underdeveloped nations by helping them in industrial and agricultural economies and creating employment opportunities for the poor.

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The Foreign Exchange Management Act (FEMA) was implemented in the year _______.

  1. 1996

  2. 1997

  3. 1998

  4. 1999
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Foreign Exchange Management Act (FEMA) was implemented in the year 1999, it is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

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In the World Bank's Ease of doing Business Ranking, 2015 India is placed at _________.

  1. 154 place out of the total 184 economies

  2. 142 place out of the total 189 economies

  3. 148 place out of the total 190 economies

  4. 146 place out of the total 188 economies
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the 2015 Ease of Doing Business report, India was ranked 142nd out of 189 economies.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The main objective of ITO  was to promote and facilitate international trade among member nations.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The main objective of ITO  was to promote and facilitate international trade among member nations, ITO was an international trade institution which is now also know as the WTO World Trade Oregannization.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The principal objective of the Foreign Exchange Regulation Act (FFRA) is _______.

  1. to regulate dealings in foreign exchange and securities

  2. to regulate foreign companies

  3. to regulate domestic trade

  4. to regulate employment of foreign nationals
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

FERRA (Foreign Exchange Regulation Act) primarily regulates foreign exchange transactions and securities dealings to conserve foreign currency. The abbreviation in the question has a typo (FFRA instead of FERA). It doesn't primarily regulate foreign companies, domestic trade, or employment of foreign nationals.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

In the initial stages of development, __________ imports will be high.

  1. capital and technological

  2. maintenance

  3. both (a) and (b)

  4. neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In the early stages of industrial development, a country typically lacks the domestic capacity to produce machinery and advanced technology, necessitating high imports of capital goods.

Multiple choice world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

The world bank is a group of ______ international financial organizations.

  1. five

  2. three

  3. six

  4. four
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 The World Bank Group consists of five member institutions: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes