Smartindia Classroom
CONTENTS
Geography
Economics
Political Science
History
Statistics
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Question-1
The decision to start IMF was taken at
(A)
Round-table conference
(B)
Geneva conference
(C)
Bretton woods conference
(D)
Uruguay Round
Question-2
Foreign trade takes place in
(A)
Between two or more countries
(B)
Between states of a countries
(C)
Within the states of a country
(D)
Union territories
Question-3
The most dominant group in the World Trade Organization (WTO) is of
(A)
Developing countries
(B)
Developed countries
(C)
Countries of the middle east
(D)
Asian countries
Question-4
Globalization means
(A)
Integration of the economy with world economy
(B)
Increasing degree of openness in respect of international trade
(C)
Process of transformation of the world in to a single economic unit
(D)
All the above
Question-5
IBRD was set up in
(A)
1983
(B)
1844
(C)
1948
(D)
1944
Question-6
Globalization can create problems for business because
(A)
It can result in more competition
(B)
It increases vulnerability to political risk and uncertainty when operating abroad
(C)
It means that they can increase prices
(D)
It means that they can decrease prices
Question-7
When was privatization adopted in India?
(A)
1957
(B)
1995
(C)
1991
(D)
1926
Question-8
Which one of the following is a basic function of foreign trade?
(A)
It flourishes trade in the domestic market
(B)
Goods and services are produced for internal market
(C)
Goods and services are produced for internal market
(D)
Investment is done to expand the trade within the domestic markets
Question-9
Technology transfer has been taking place on a large scale through
(A)
Licensing agreements and joint ventures
(B)
Choice of ownership structure
(C)
Simplification of procedures
(D)
Increasing degree of openness in respect of international trade
Question-10
The main inconvenience of barter system was
(A)
Transactions were many and complex
(B)
Lack of double coincidence of wants
(C)
The intermediate commodity need not be familiar
(D)
Prevalence of domestic system
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Plus 1 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
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Poverty and Unemployment
Economic Planning
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Statistical Analysis and Measures of Central Pendency
Human Resource Development
Foreign Trade
Industrial Sector
National Income
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