Trade between two countries is known as ____ trade

(a)

External

(b)

Internal

(c)

Inter-regional

(d)

Home

International trade differs from domestic trade because of

(a)

Trade restrictions

(b)

Immobility of factors

(c)

Different government policies

(d)

All the above

Which of the following is a modern theory of international trade?

(a)

absolute cost

(b)

comparative cost

(c)

Factor endowment theory

(d)

none of these

Exchange rates are determined in

(a)

money market

(b)

foreign exchange market

(c)

stock market

(d)

capital market

Net export equals _______.

(a)

Export x Import

(b)

Export + Import

(c)

Export - Import

(d)

Exports of services only

Favourable trade means value of exports are ________ Than that of imports.

(a)

More

(b)

Less

(c)

More or Less

(d)

Not more than

Components of balance of payments of a country includes

(a)

Current account

(b)

Official account

(c)

Capital account

(d)

All of above

Tourism and travel are classified in which of balance of payments accounts?

(a)

merchandise trade account

(b)

services account

(c)

unilateral transfers account

(d)

capital account

Foreign direct investments not permitted in India

(a)

Banking

(b)

Atomic energy

(c)

Pharmaceutical

(d)

Insurance

Benefits of FDI include, theoretically

(a)

Boost in Economic Growth

(b)

Increase in the import and export of goods and services

(c)

Increased employment and skill levels

(d)

All of these

What is International Economics?

State any two merits of trade.

Define Terms of Trade.

What is meant by Exchange Rate?

What is an import control?

Describe the subject matter of International Economics.

Distinguish between Balance of Trade and Balance of Payments.

What are import quotas?

State the objectives of Foreign Direct Investment.

List out the limitations of Modern Theory of International Trade?

Discuss the differences between Internal Trade and International Trade.

Discuss the various types of disequilibrium in the balance of payments.

Explain the relationship between Foreign Direct Investment and Economic development.