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IMPORTANT FINANCIAL MCQs

Important Financial, Finance, International Trade And Finance

Total Questions : 66 | Page 4 of 7 pages
Question 31. FEEs through tourism in India in rupee terms was _________ crore.
  1.    INR 14953
  2.    INR 14539
  3.    INR 15439
  4.    None of the above
 Discuss Question
Answer: Option A. -> INR 14953




Question 32. Underdeveloped nations tend to trade what type of goods
  1.    Low skill products
  2.    High tech goods
  3.    finished products
  4.    High skill products
 Discuss Question
Answer: Option A. -> Low skill products
Question 33. The main justification for an embargo on foreign goods is to
  1.    Punish a nation
  2.    raise revenue
  3.    Increase consumption or the good
  4.    None of these
 Discuss Question
Answer: Option A. -> Punish a nation
Question 34. Dirty Float is also called as _______
  1.    Fixed Exchange Rate
  2.    Floating Exchange Rate
  3.    Managed Float
  4.    Clean Float
 Discuss Question
Answer: Option C. -> Managed Float
Question 35. Who will be hurt by a tariff on medicine coming into the US
  1.    US medical companies
  2.    US government revenue
  3.    Sick people in US 
 Discuss Question
Answer: Option C. -> Sick people in US 
Question 36. A major cost of freer trade from poor nations is that they will
  1.    get cheaper stuff
  2.    they will get more stuff
  3.    environmental damage
  4.    greater variety of stuff
 Discuss Question
Answer: Option C. -> environmental damage
Question 37. Infant industries can be helped in the world market by giving those industries a
  1.    subsidy
  2.    quota
  3.    embargo
  4.    tariff
 Discuss Question
Answer: Option A. -> subsidy
Question 38. WHY ARE TARIFFS USED?
  1.    TO PROTECT DOMESTIC JOBS AND INDUSTRIES
  2.    TO RAISE REVENUE FOR GOVERNMENT
  3.    TO PROTECT STRATEGIC INDUSTRIES
  4.    ALL OF THE ABOVE
 Discuss Question
Answer: Option D. -> ALL OF THE ABOVE
Question 39. What are some negatives of globalization?
  1.    Workers are exploited in sweatshops
  2.    Pollution and deforestation
  3.    Low wages for factory workers in Asia and Africa
  4.    All of the answers are correct
 Discuss Question
Answer: Option D. -> All of the answers are correct
Question 40. Ask Rate is a rate at which Bank ________
  1.    Buys
  2.    Sells
  3.    Negotiate
  4.    Trade
 Discuss Question
Answer: Option B. -> Sells

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