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GK
GK Set-1
Economics
Indian Economics
200

Indian Economics MCQ (GK Set-1) with Answers

200) Which one of the following is matching with free trade?

Encouragement for balanced growth

Absence of tariff

Restrictions on the movement of goods

Existence of anti-dumping policy

Answer is:

Absence of tariff

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

201) If the slope of offer curves is constant, the terms of trade will

Become indeterminate

Become continuously favourable

Continuously become unfavourable

Become constant

Answer is:

Become constant

202) Let elasticity of demand for exports for a certain country be ex and elasticity of demand for imports be em. Assume that the country devalues its currency. Its balance of payment will almost certainly show an improvement if

ex =em=1

ex + em >l

ex + em

ex + em=1

Answer is:

ex + em >l

203) Who among the following is not a neoclassical Economist?

Robert Solow

J. E. Meade

Paul Rom

T. W. Swan

Answer is:

T. W. Swan

204) What is the objective of hedging in international foreign exchange transactions?

To bear the risk in foreign exchange

To secure risk in foreign exchange

Speculation in foreign exchange

Arbitrage operations in foreign exchange

Answer is:

Speculation in foreign exchange

Indian Economics MCQ (GK Set-1) with Answers

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