Tag: international economics

Questions Related to international economics

Tariff means ________.

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

  1. a tax on imported goods

  2. a tax on exports

  3. a tax on consumption

  4. a tax on savings

Show answer
Correct Option: A

Quantitative restrictions mean _________.

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

  1. a restriction by Government on quantity of export or imports of goods from or to a country

  2. a restriction by Government on quantity of production of goods by a country.

  3. a restriction by Government on quantity of sale of goods by a manufacturer

  4. a restriction by Government on quantity of quantity of raw material consumed.

Show answer
Correct Option: A

International reserves include _______. 

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

  1. government holding of gold

  2. balance in International Monetary Fund

  3. foreign currency reserves

  4. all the three

Show answer
Correct Option: D
Explanation:

International reserves include gold reserves, forex reserves and a balance held with the IMF that he country can draw from with times off stress. All three help the country maintain its position on the international market and manage its balance of payment account, by influencing its exchange rate.

The share of concessional debt in total external debt of India had _________ in 2011.

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

  1. remained the same

  2. doubled

  3. reduced

  4. increased

Show answer
Correct Option: C
Explanation:

The share of concessional debt in total external debt of India had reduced to $18\%$ in June $2011$.

ADR stands for _____.

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

  1. Australian Depository Receipts

  2. Ancient Demand Receipts

  3. American Depository Receipts

  4. Asian Diamond Reserves

Show answer
Correct Option: C