Business Environment And International Business - Study Mode

[#301] If the price elasticity of demand for exports is zero, then exports in local currency will
Correct Answer

(A) Be the same after devaluation

[#302] Which of the following two schemes were introduced under the new foreign trade policy, 2015-2020?
Correct Answer

(A) Merchandise Export from India Scheme and Services Export from India Scheme

[#303] Who is the fiscal agent and advisor to Government in monetary and financial matters?
Correct Answer

(C) RBI

[#304] Match the following. List-I (Organisations) List-II (Features) a. SAARC 1. It creates procedures for the resolution of trade disputes b. ASEAN 2. It is dedicated to economic, technological, social and cultural development c. NAFTA 3. Non-interference in the internal affairs of one another
Correct Answer

(D) a-2, b-3, c-1

[#305] The term "hot money" is used to refer to
Correct Answer

(D) Foreign portfolio investment