With regard to the WTO subsidies are covered in two seperate international economic law agreements. Which are they?
The reform treaty and Treaty of Rome
The North American free trade agreement
GATT and the Agreement on subsidies
Free Trade Agreements
__________ have been removed to increase the competitive position of Indian goods in the international markets?
1. Tariffs
2. Import Licensing
3. Export duty
4. All of these
1. 1 only
2 only
3 only
all of these
Privatization refers to.
The sale of privately owned businesses to the government sector
The sale of public companies to the private sector
The sale of corporately owned businesses to individuals
None of these
When expenditure is more than income the government borrows to finance the ______________ from banks and other financial institutions.
Surplus
Deficit
Excess
Debit
Who regulates the financial sector of India?
State Bank Of India
World Bank
Reserve Bank Of India
Co-operative Banks
Assertion (A): Inflation is a general rise in the levels of prices of goods and services in an economy over a period of timeReason (R): Inflation causes an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savingsCodes:
Both A and R are true but R is not the correct explanation for A
Both A and R are true and R is the correct explanation of A
A is true and R is false
A is false but R is true
_______ consists of taxes on income and profits of business enterprises.
a) Indirect Tax
b) Corporate tax
c) Direct tax
d) Excise duty
a Only
b Only
c Only
What are the important outcomes of the globalization process?
Outsourcing
Financing
Decision taking
Exporting
Which of the following is not an aspect of privatization?
Dis- investment of public sector units
Handing over management of public sector units to private firms
Opening up of sectors, which are hitherto reserved for public sector to private sector
De licensing of private industrial units
The growth of GDP was __________ during 1980 - 1990.
7.2%
5.8%
6.3%
8%
