A. Drawback
B. Duty
C. Custom
D. Excise
Economics Mcqs
In a portfolio investment ?
A. investors are directly involved in managing the operations
B. as in direct investment investors export goods and services abroad
C. investors transfer the technology to local investors
D. investors have no control over operations
What does mean by ‘Emerging Markets ?
A. Financial markets of developing economies
B. Financial markets of East Europe’s economies
C. Financial markets of Asian economies
D. Financial markets of Latin America
Columbia’s Jagdish Bhagwati criticizes United States administrations inability to distinguish between benefits of free trade ?
A. and the dangers of free capital movements for LDCs with poorly developed financial institutions
B. and the dangers of a trade deficit
C. and the external openness of income growth among the poorest 40 percent of LDCs
D. and MNC domination and its effects on income distribution
The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?
A. European Currency System (ECS)
B. European Monetary Mechanism (EMM)
C. Common Monetary System (CMS)
D. European Monetary Fund (EMF)
Bilateral aid ?
A. is technical aid given by IMF
B. is given directly by one country to another
C. is aid with repayment in inconvertible currency
D. is a loan at bankers’ standards
What is called that company which make loans to individuals, while not receiving deposits like a bank ?
A. Cooperative company
B. Finance corporation
C. Limited company
D. Finance company
MNCs can help the developing country to ?
I- Finance a savings gap or balance of payments deficit
II- Obtain foreign technology by adapting existing processes
III- Generate appropriate technology by adapting existing processes
IV- Employ domestic labor, especially in skilled jobs
Term a country’s decision to tie the value of its currency to another country’s currency gold or a basket of currencies ?
A. Pagged exchanged rate
B. Fixed exchange rate
C. Relative exchange rate
D. Knotted exchange rate