Tanya Bhatia is teaching live on Unacademy Plus
INTERNATIONAL TRADE MOST IMPORTANT QUESTIONS FOR CBSE NET
Q6-REAL EFFECTIVE EXCHNAGE RATE MEANS: I. It is weightd average of the value of traded countries 2. It is adjusted for inflation rate of prices 3. It is not adjusted for inflation of prices.
Q7-DEVALUATION WILL IMPROVE THE BALANCE OF PAYMENTS DEFICIT,IF ELASTICITY OF NET EXPORTS- l. Greater than unity 2. Less than one 3. Equal to one 4. Negative
Q8-WHICH OF THE FOLLOWING IS NOT AN EXAMPLE OF ECONOMIC INTEGRATION- 1. Free trade area 2. Custom union 3. Cartel 4. Common market
Q9- HEDGING MEANS- l. An act of devaluation 2. Not covering a risk of foreign exchange in future 3. Coveting a risk of foreign exchange in future 4. None of the above
Q10-WHO HAS GIVEN THE CONCEPT OFTRADE CREATION AND TARDE DIVERSION? I. Marshall Learner 2. Hamilton list 3. Jacob viner 4. Ricardo