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IIBM – International Trade Answer sheet

IIBM – International Trade Answer sheet


Multiple Choices:

Q1. _________is beneficial between two nations that have strong markets in two different sectors.

  1. Economic Growth
  2. International Trade
  3. Trade Integration
  4. Trade Diversion

Q2. What is the full form of UNCTAD?

  1. United Nations Conference on Trade and Development
  2. Union Nations Committee of Trade and Development
  3. Union Nations Conference on Trade and Development
  4. None of the above

Q3. ______is fixed through negotiation between the importing country and the exporting country.

  1. Tariff Quota
  2. Bilateral Quota
  3. Mixing Quota
  1. Unilateral Quota

Q4. Under which Act a Reserve Code Number is required?

  1. Foreign Exchange Regulation Act
  2. Custom Act
  3. Export-Import Control Act
  4. Foreign Trade Act

Q5. Which policy of the government will have a direct bearing on the exchange rate of the country?

  1. Fiscal Policy
  2. Instrument of Trade Policy
  3. Monetary Policy
  4. Both ‘a’ & ‘c’

Q6. Which scheme helps the exporters in procuring imported raw materials?

  1. IES
  2. C.C.S.
  3. IRS
  4. None of the above

Q7. Which of the following factors affects the Exchange rate?

  1. Purchasing power Parity
  2. Exchange Control
  3. Balance of Payments
  4. All of the above

Q8. The system of permitting the currencies to move within a band is called_________

  1. Snake in the tunnel
  2. Turtle Device
  4. None of the above

Q9. Periodic, as often as daily devaluations of pre-announced magnitude mean______

  1. Managed Float Regime
  2. The crawling Peg Regime
  3. Single currency Peg
  4. Composite Currency Peg

Q10. The Export Policy of the Government of India can be divided into_______ distinct phases.

  1. 2
  2. 3
  3. 4
  4. 5

Part Two:

Q1. Write a brief note on “INTERNATIONAL MONETARY FUND”.

Q2. Write the components of the Uruguay Round Agreement.

Q3. Differentiate between Export Expansion and Import Substitution.

Q4. Explain the Term:-

  1. Bill of Landing
  2. Marine Insurance Policy

Q5. Discuss the problem that comforts the Tea Industry in the International sphere.

Q6. How do you asses would the Tea producing states have recommended a package of fiscal reliefs?

Q7. What are the social costs of benefits to Martin’s Textiles of shifting production to Mexica?

Q8. What seems to be the most ethical action?

Q9. Describe the current issues affecting the Exchange Rate of India.

Q10. Explain briefly “New Trade Theory”.


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