(A) zero
(B) one
(C) positive
(D) negative
The answer is: (A) zero
(A) zero
(B) one
(C) positive
(D) negative
The answer is: (A) zero
(A) Rate of Return > Opportunity Cost
(B) Rate of Return < Opportunity Cost
(C) Rate of Return = Opportunity Cost
(D) A, B and C are irrelevant
The answer is: (A) Rate of Return > Opportunity Cost
(A) 1993
(B) 1995
(C) 1997
(D) 1999
The answer is: (B) 1995
Q. The main function of WTO is to ensure that trade flows:
I. smoothly
II. freely
III. predictably
(A) I only
(B) II only
(C) I and II only
(D) I, II and III
The answer is: (D) I, II and III
(A) GATT
(B) NAFTA
(C) ECO
(D) League of Nations
The answer is: (B) NAFTA
(A) 2 May 2020
(B) 4 May 2020
(C) 3 May 2020
(D) 2 or 4 May 2020
The answer is: (B) 4 May 2020
Q. A company sent a job offer letter to a candidate. The candidate sent the acceptance letter on 2 May 2020 and the company received the letter on 4 May 2020. The communication of acceptance is completed on
(A) 2 May 2020
(B) 4 May 2020
(C) 3 May 2020
(D) 2 or 4 May 2020
The answer is: (A) 2 May 2020
Q. International Trade figures (in million dollars) of a country are given below:
Value of goods exported: 100
Value of goods imported: 120
Spending by citizens on foreign travel: 30
Services provided to foreign visitors: 10
What was the Balance of Payments (in million dollars) for this country?
(A) $20 million
(B) $40 million
(C) –$20 million
(D) –$40 million
The answer is: (D) –$40 million [Money In (100+10) – Money Out (120+30) = –40]
(A) bank loan
(B) retained profit
(C) trade credit
(D) share issue
The answer is: (D) share issue
(A) buying furniture with a debit card
(B) exchanging a mobile with a new one
(C) leasing land for one year
(D) buying a car with a deposit and installments
The answer is: (D) buying a car with a deposit and installments