UPSC Economics- Foreign Trade and Investment in India

1.

Which of the following is not an argument for protectionism?

To protect infant industries To increase the level of imports To protect strategic industries To improve the balance of payments

2.

Dumping in the context of international trade refers to :

Exporting goods at prices below the cost of production Exporting goods of inferior quality Exporting goods only to re-import them at cheaper rates Exporting goods without paying appropriate taxes in the receiving country

3.

Foreign Direct Investment involves:

A speculator trying to make a profit by buying company shares on a foreign stock exchange. A UK energy company buying territory abroad where it expects to find oil reserves. A tourist purchasing foreign currency to spend on a holiday abroad. A company signing an agreement with a wholesaler to distribute its products in foreign markets.

4.

Many a times we read about Hot Money in newspapers. Which among the following options rightly describes hot money?

Hot money is useful and generally durable and is good for the country in all weathers Hot money is dangerous and volatile and leaves the country in bad weather conditions Hot money is good and adds to the development of the country & it comes from exports of services Hot money is bad & useless as its arises from unusual activities like casinos, gambling, horse races, speculations etc.

5.

A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as..?

Net Capital Flow Balance of Payment Balance of Trade Absolute Flow

6.

Asian Financial Crisis of 1997 started from which of the following countries?

Myanmar Thailand Cambodia Malaysia

7.

Many a times we read in the newspapers that when Foreign Capital is allowed to enter the country freely, it can affect the economy adversely. Which among the following is a correct reason for the above assumption?

It affects the balance of payments of the country by adversely affecting the Current Account It poses risks to the value of the country's currency as well as management of local liquidity The foreign capital earns profit in the country which is repatriated The Balance of Trade of the country is badly affected by Foreign Capital Inflows

8.

TANKAN is revision of the Industry Classification of the Short-term Economic Survey of Enterprises (usually quarterly) is used in following country?

Japan South Korea China All of them

9.

Which among the following is the most important source region of NRI remittances to India?

North America Europe Asia Pacific South America

10.

In context with the two way trade of India with different regions, which among the following region is India's largest trade partner?

EU Region Gulf Region North America Latin America

UPSC Economics- Foreign Trade and Investment in India

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UPSC Economics- Foreign Trade and Investment in India

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