Tag: international economics

Questions Related to international economics

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

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

  1. Industrial Reforms in India

  2. External Sector Reforms in India

  3. Land Reforms in India

  4. Banking Reforms in India

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Correct Option: B

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

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

  1. Better industrial deregulation

  2. Improvement in Fiscal Discipline

  3. Increase in growth of Infrastructure

  4. All of the above

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Correct Option: D

The Economic Reforms in India have failed to -

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

  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

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Correct Option: D

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

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

  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

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Correct Option: A
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.

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

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

  1. Firms

  2. Foreign military personnel

  3. Government agencies

  4. Individuals

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Correct Option: B

Gold standard exchange rate regime was a flexible exchange rate regime.

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

  1. True

  2. False

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Correct Option: A

Under the gold standard, all currencies were defined in terms of _____________.

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

  1. brass

  2. bronze

  3. silver

  4. gold

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Correct Option: D

Primary gold is of ____ carat.

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

  1. 22

  2. 23

  3. 24

  4. 18

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Correct Option: C

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

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

  1. True

  2. False

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Correct Option: B

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

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

  1. likely to rise

  2. likely to fall

  3. likely to rise and fall both

  4. remain unaffected

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Correct Option: A
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.