Economy

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Free Trade Area means........
The area where anything can be bought and sold.
no
Countries between whom trade barriers have been substantially reduced.
yes
Countries which have common external tariff.
no
Countries which have common currency.
no
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The practice of selling goods in a foreign country at a price below their domestic selling price is called........
Discrimination
no
Dumping
yes
Double pricing
no
Predatory pricing
no
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Capital account convertibility signifies...........
Guaranteeing the right to investment to foreigners.
no
Ensuring the right of buyers to make international payments.
no
Ensuring free international movement of capital.
yes
Ensuring the right of an individual to invest in foreign capital markets.
no
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What does strong Rupee as against the dollar mean to India?
There is a Balance of Payments surplus.
yes
Indian economy is globally respected.
no
It is a sign of economic buoyancy.
no
Income from exports is falling.
no
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Hedge fund is a fund.......

Used for absorbing inflation.
no
Used for minimizing health risks.
no
Applied to minimize the risk of financial market transactions.
yes
Applied for absorbing the risk in commodity trading.
no
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World renowned Indian economist Amartya Sen won nobel prize in the year......
1997
no
1998
yes
1999
no
1996
no
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The relationship between tax rate and tax revenue is shown by.........

Phillips curve
no
Lorenz curve
no
Laffer curve
yes
Indifference curve
no
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NASDAQ is........
A banking scheme
no
A stock exchange
yes
A government bond
no
An intellectual property right
no
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Gross national Happiness (GNH) is concept followed by which of the following country?
Myanmar
no
Thailand
no
Bhutan
yes
Japan
no
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Who gave the famous law ‘Bad Money Drives Out Good Money’?
Adam Smith
no
Thomas Gresham
yes
Alfred Marshall
no
J M Keynes
no
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