M.A. (Semester IV) (CBCS) Examination Mar/Apr-2018
Economics (Paper XII)
INTERNATIONAL TRADE FINANCE
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Select the appropriate word:
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is a systematic record of economic transactions of the residents of a country with the rest of the world during a given period of time.
Balance of payment
Balance of trade
Terms of trade
Rate of exchange
In balance of payment are shown on credit side.
import goods
export goods
capital goods
consumer goods
is the price of one currency in terms of another.
Rate of import
Rate of export
Rate of exchange
Rate of interest
Foreign trade multiplier is equal to the reciprocal of marginal propensity to save plus
Marginal propensity to consume
Marginal propensity to spend
Marginal propensity to export
Marginal propensity to import
When the balance of payment of a country is in the demand for domestic currency is equal to its supply.
equilibrium
disequilibrium
deficit
surplus
rate system is freely determined by currency demand supply forces.
Fixed
Flexible
Determined
Restricted
SEZ means
Social Economic Zone
Social Export Zone
Special Economic Zone
Seasonal Exchange Zone
The WTO accepted the objectives of with some extensions.
IDA
IBRD
IMF
GATT
Monetary approach has been used by while suggesting measures to correct disequilibrium in balance of payment.
IMF
IBRD
World Bank
WTO
10) FDI means
Food Development Index
Foreign Direct Investment
Foreign Development Institution
Foreign Direct Import
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SLR-HW-223
11) WTO means
World Tourist Organization
World Transport Organization
World Trade Organization
None of the above
12) IMF provides finance.
Agricultural
Industrial
Long term
Short term
13) GATT came in to force in
1947
1957
1967
1977
14) India has joined the WTO in as a founder member.
1975
1985
1995
2005
Q.2
Write a short answer. (Any seven)
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What is disequilibrium in balance of payment?
Define gold standard.
Give two merits of fixed exchange rate.
Give two demerits of flexible exchange rate.
What is liberalization?
What is difference between GATT WTO?
Give two objectives of WTO.
Write two achievements of World Bank.
Write two failures of Asian Development Bank.
Give two items which includes in the balance of payment on current account.
Q.3
Write short notes. (Any Two)
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The process of adjustment under gold standard
Foreign trade multiplier
Role of SEZs
Changing composition direction of Indians foreign trade
Q.4
Broad Question. (Any one)
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Explain the process of adjustment under systems of fixed flexible exchange rates.
OR
What are the functions of WTO? Explain post WTO economic environment of the world?
Q.5
Give the review of India's Trade Policy since 1991.
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