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Strategic Management
Advanced Cost Accounting
https://www.mumbaiuniversityidol.com/2021/05/advance-cost-accounting-mcom-paer-1-mcq.html
ECONOMICS OF GLOBAL TRADE AND FINANCE
ADVANCED FINANCIAL ACCOUNTING
HUMAN RESOURCE MANAGEMENT
a. voluntary import restraints
b. voluntary export restraints
c. involuntary import restraints
d. involuntary export restraints
ANS: B
2. which of the following is not the mode of international delivery of services under GATS?
a. Cross border supply
b. consumption abroad
c. commercial absence
d. movement of personnel
ANS: C
3. the Uruguay (UR) agreement envisages substantial tariff---- in both industrial and developing countries.
a. increase
b. reduction
c. cancelation
d. expansion
ANS: D
4. the statutory for administration of foreign exchange in india is---
a. foreign exchange regulation act 1973
b. the foreign exchange management act 1999
c. foreign exchange regulation act 1947
d. exchange control manual
ANS:B
5. the ----- fiscal policy combined with easy credit policy will pace ample resources at the disposal of the government to finance public expenditure projects and it will induce the private investment which will add more quickly the output without borrowing
a. neutral
b. tight
c. easy
d. none of these
ANS: D
6. under which system of valuation, SDRs were valued in terms of 16 currencies, which were assigned specific weights?
a. standard basket valuation
b. standard charted valuation
c. various currencies valuation
d. none of the above
ANS: A
7. exchange rates---
a. are always fixed
b. fluctuate to equate of quantity of foreign exchange with the quantity supplied
c. fluctuate to equate imports and export
d. fluctuate to equate rate of interest in various countries
ANS: C
8. ---- are golden mean between the maximum and minimum rates of tariff
a. revenue tariff
b. protective tariff
c. single columns tariff
d. optimum tariff
ANS: 4
9. south Asian association for regional corporation (SAARC) WAS established
a. December 1983
b. December 1984
c. December 1985
d. December 1986
ANS: C
10. exchange rate---
a. are always fixed
b. fluctuate to equal the quality of foreign change demanded with the quality supplied
c. fluctuate to equal import and export
d. fluctuate to equal rate of interest in various countries
ANS: D
11. Trips is the most imp and comprehensive international agreement on --
a. intellectual profit right
b. intellectual property rights
c. intellectual prosperity right
d. intellectual performance right
ANS: B
12. import quota is nothing but import quota ---- system
a. regulatory
b. profit
c. competition
d. cooperation
ANS: A
13. the Uruguay agreement envisages substance tariff --- in both industry and development countries
a. increase
b. reduction
c. cancellation
d. expansion
ANS: D
14. Mundell-Fleming model bring about internal and external balance through the equality between
a. IS and LM curves
b. IS AND BP CURVES
c. LM AND BP CURVES
d. IS , LM , AND BP, CURVES
ANS: D
15. the transaction in which the exchange of currency take place at a specific future date subsequent to spot date is called
a. swap transaction
b. forward transaction
c. future transaction
d. spot transaction
ANS: B
16. protection policy includes ---
a. only import substitution
b. only export substitution
c. import promotion and export substitution
d. import substitution and export promotion
ANS: C
17. what one of the following is not the advantage of MN corporation to the host country
a. increase in social activities
b. increase in economics activities
c. utilisation of natural resources
d. RND effort enhanced
ANS: D
18. the main objective of international monetary fund was to
a. promote international trade
b. help economically backwards countries
c. maintain stable exchange rate
d. promote international liquidity
ANS: C
19. the foreign trade multiplier is a function of
a. MPS- MPM
b. MPS + MPM
c. MPS/ MPM
d. MPS* MPM
ANS: B
20. in case of surplus balance of payment there is an
a. outflow of capital from home country to foreign country
b. inflow from foreign country to home country
c. favourable for foreign country to invest in home country
d. unfavorable for home country to invest in foreign country
ANS: C
21. in international capital movement marginal efficiency of capital is ---- related with inflow of capital
a. inversely
b. directly
c. neutral
d. negative
ANS: B
22. ------ is the formation of group of friendly nation for mutual benefit
a. economic Integration
b. social I
c. regional I
d. personal I
ANS: B
23. economic integration results in the ---- of market
a. contraction
b. expansion
c. destruction
d. degradation
ANS: B
24. -------results in a reduction in world production and consumption efficiency
a. direct tax
b. indirect tax
c. profit rate
d. export subsidy
ANS: D
25. -------is the first phase of dispute settlement boby of wto
a. execution
b. consultation
c. report presentation
d. punitive action
ANS: B
26. which of the following is not a form of intellectual property?
a. copy right
b. trademark
c. geographical indication
d. personal secret
ANS: A
27. in --- form the member nation not only remove the trade restrictions for members but also adopt uniform commercial policy
a. European Union
b. customer union
c. free trade area
d. common market
ANS: A
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