IDBI-TFF-LU1-Introduction to TF

IDBI-TFF-LU1-Introduction to TF

Professional Development

15 Qs

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IDBI-TFF-LU1-Introduction to TF

IDBI-TFF-LU1-Introduction to TF

Assessment

Quiz

Other

Professional Development

Practice Problem

Medium

Created by

C S Venkataraman

Used 2+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

International trade contributes to..............

inflation

trade barrier

Economy

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Trade between two or more than two countries is termed as...........

domestic trade

International trade

external trade

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The relative strength and elasticity of demand of the two trading

countries for each other’s product in terms Of their own products is known

as............

Reciprocal demand

Comparative advantage

Cost advantage

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Domestic trade and international trade differ because of............

Trade restrictions

Immobility of factors

Differ government policies

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which among the following made several rounds of bargaining

through which tariff have been reduced...............

IBRD

IMF

GATT

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The situation in which imported goods are more than exported goods?

Trade deficit

Trade barriers

Trade surplus

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The trade that happens between countries can indeed be useful if the

price ratios of products are............

Decreasing

Different

Undetermined

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