International Finance And Treasury - Study Mode

[#591] World Bank Group recognized in
Correct Answer

(C) 1944

Explanation

Solution: World Bank Group recognized in 1944. Founded in 1944, the International Bank for Reconstruction and Development soon called the World Bank has expanded to a closely associated group of five development institutions. Originally, its loans helped rebuild countries devastated by World War II.

[#592] Uruguay Round that has started
Correct Answer

(D) earlier 7 years

Explanation

Solution: Uruguay Round that has started earlier 7 years. After debating the proposals for about 7 years the Uruguay Round was finally concluded on 15th December, 1993 but the final Act of the U.R. which was signed by 124 participating countries at Marrakesh (Morocco) on 15 April, 1994 embodies the results of the U.R. of Multilateral Trade Negotiations.

[#593] Less tax rate in a state get intention of
Correct Answer

(C) direct foreign investment

Explanation

Solution: Less tax rate in a state get intention of direct foreign investment. A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets in a foreign company.

[#594] On an accounting report of cash flows an "increase (decrease) in cash and cash equivalents" shows
Correct Answer

(D) none of above.

Explanation

Solution: A Cash flow statement shows inflow and outflow of cash and cash. Among the given options it shows none of the above.

[#595] Distinction between overall exports and imports is related to
Correct Answer

(C) balance of trade

Explanation

Solution: Distinction between overall exports and imports is related to balance of trade. The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a country's balance of payments. Economists use the BOT to measure the relative strength of a country's economy.