Tag: international economics

Quizzes (3) Questions (75)

Questions Related to international economics

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Encouragement of Foreign Direct Investment & removal of Quantitative Restrictions are both parts of ___________________.

  1. Industrial Reforms in India

  2. External Sector Reforms in India

  3. Land Reforms in India

  4. Banking Reforms in India
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

External sector reforms in India were aimed at integrating the Indian economy with the global market. This included liberalizing trade through the removal of quantitative restrictions and encouraging foreign investment.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Inspite of the Economic Reforms already carried out in India, there is a further need for ___________________.

  1. Better industrial deregulation

  2. Improvement in Fiscal Discipline

  3. Increase in growth of Infrastructure

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

Economic reforms are continuous processes. In the Indian context, experts generally agree that further improvements are needed across fiscal discipline, infrastructure development, and industrial deregulation to sustain growth.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

The Economic Reforms in India have failed to -

  1. Keep fiscal deficits to the targeted levels

  2. Fully implement industrial deregulation

  3. Fully open the economy to trade

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

While economic reforms have achieved significant growth, they have faced criticism for persistent fiscal deficits, incomplete implementation of certain industrial policies, and challenges in fully opening specific sectors to global trade.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Which one of the following statements about the National Agricultural Insurance Scheme (NAIS) is not correct ?

  1. It was introduced from Rabi 2000-2001 season

  2. It replaced the Comprehensive Crop Insurance scheme (CCIS) which was in operation since 1985

  3. It envisages coverage of all the food crops , oilseeds and annual commercial horticultural crops in respect of which past yield data is available for adequate number of years

  4. Among the commercial horticultural crops, eleven crops are correctly covered under the scheme
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The National Agriculture Insurance Scheme was introduced from Rabi-season 1999-2000.the new scheme is available to all the farmers-Loances and non-Loanee-irres-pective of their size of holdings.It envisages coverage of all the food crops ( cereals , millers, and pulses). Oilseeds and annual horticultural / commercial crops , in respect of which past yield data is available for adequate number of years among the annual commercial / horticulture crops, namely, sugarcane,potato, ginger, onion-turmeric, and chillies are covered.

Multiple choice international experience of exchange rate systems open economy macroeconomics international economics economics

Who out of the following is not included in "Residents" in BOP transactions ?

  1. Firms

  2. Foreign military personnel

  3. Government agencies

  4. Individuals
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In Balance of Payments (BOP) accounting, residents include individuals, firms, and government agencies operating within a country. Foreign military personnel, diplomats, and international organizations are generally excluded from the definition of residents.

Multiple choice international experience of exchange rate systems open economy macroeconomics international economics economics

The Bretton Woods exchange rate system was a three-tier system of currency convertibility. 

  1. True

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

The Bretton Woods system was a system of fixed exchange rates where currencies were pegged to the US dollar, which in turn was convertible to gold. It was not a three-tier system of convertibility.

Multiple choice international experience of exchange rate systems open economy macroeconomics international economics economics

Other things remaining unchanged, when in a country the price of foreign currency rises, national income is __________.

  1. likely to rise

  2. likely to fall

  3. likely to rise and fall both

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

Other things remaining unchanged, when in a country the price of foreign currency rises, national income is likely to rise as it indicates that the greater flow of foreign exchange in the domestic economy promotes higher level of development. Hence, national income rises as the price of foreign currency rises.