
IDBI-TFF-LU1-Introduction to TF
Authored by C S Venkataraman
Other
Professional Development
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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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