IMF stands for

(a)

Indian Managing Fund

(b)

Indian's Marketing Fund

(c)

International Monetary Fund

(d)

International Marketing Fund

Absolute Cost Advantage was developed by

(a)

Adam Smith

(b)

Ricardo

(c)

T.R.Hicks

(d)

Doltan

Comparative cost advantages was developed by

(a)

Adam Smith

(b)

Ricardo

(c)

T.S.Mill

(d)

J.R.Hicks

International trade was developed by

(a)

Adam Smith and Ricardo

(b)

Eli Heckscher and Bertil Ohlin

(c)

Ricardo and A.C. Pigou

(d)

Adam Smith and Ohlin

_______ includes both visible and invisible items.

(a)

Balance of payment

(b)

Balance of Trade

(c)

Foreign Trade

(d)

None of these

_______ equals Export - Import

(a)

Gross Import

(b)

Gross Export

(c)

Net Import

(d)

Net Export

_______ are determined in foreign exchange rate.

(a)

Rate of interest

(b)

Exchange rate

(c)

Net Exports

(d)

All the above

_______ means value of exports is more than that of imports.

(a)

Unfavorable trade

(b)

International trade

(c)

Favorable trade

(d)

External trade

________ refers to the exchange of goods and services with the political and geographical boundaries of a nation.

(a)

Internal Trade

(b)

External Trade

(c)

Foreign Trade

(d)

Global trade

Trade is of _____ types

(a)

One

(b)

Two

(c)

Three

(d)

Four

The official reserve assets of a country include its_______.

(a)

Gold stock

(b)

Shares

(c)

Debenture

(d)

General reserve

_________ is one of the types of BoP disequilibrium.

(a)

Income terms of trade

(b)

Devaluation

(c)

Structural

(d)

FDI

__________ investment may also help increase competition.

(a)

Gold

(b)

Foreign

(c)

Inter Country

(d)

Money

There are _______ major exchange rate system

(a)

two

(b)

three

(c)

four

(d)

five

_________ refers to foreign currencies.

(a)

BOT

(b)

FOREX

(c)

BOP

(d)

FUND