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Question 1 of 20
1. Question
What is a likely objective of financial-sector reforms?
Correct
Financial-sector reforms seek better allocation of savings and credit, stronger institutions and improved services, while maintaining safeguards.
Incorrect
Financial-sector reforms seek better allocation of savings and credit, stronger institutions and improved services, while maintaining safeguards.
Unattempted
Financial-sector reforms seek better allocation of savings and credit, stronger institutions and improved services, while maintaining safeguards.
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Question 2 of 20
2. Question
Economic integration with the global economy can be promoted through:
Correct
Integration involves trade, investment and policy frameworks that enable firms to compete and participate in cross-border markets.
Incorrect
Integration involves trade, investment and policy frameworks that enable firms to compete and participate in cross-border markets.
Unattempted
Integration involves trade, investment and policy frameworks that enable firms to compete and participate in cross-border markets.
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Question 3 of 20
3. Question
Which statement best describes privatisation?
Correct
Privatisation generally means transferring ownership or operational participation from the public sector to private entities; forms and extent vary.
Incorrect
Privatisation generally means transferring ownership or operational participation from the public sector to private entities; forms and extent vary.
Unattempted
Privatisation generally means transferring ownership or operational participation from the public sector to private entities; forms and extent vary.
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Question 4 of 20
4. Question
Foreign Trade Policy (FTP) primarily provides a framework for:
Correct
FTP sets the policy framework and procedures related to international trade and export promotion.
Incorrect
FTP sets the policy framework and procedures related to international trade and export promotion.
Unattempted
FTP sets the policy framework and procedures related to international trade and export promotion.
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Question 5 of 20
5. Question
India‘s Foreign Trade Policy 2023 is best characterised as:
Correct
FTP 2023 introduced a continuing framework rather than a fixed end date, with emphasis on trade facilitation, e-commerce exports and process reforms.
Incorrect
FTP 2023 introduced a continuing framework rather than a fixed end date, with emphasis on trade facilitation, e-commerce exports and process reforms.
Unattempted
FTP 2023 introduced a continuing framework rather than a fixed end date, with emphasis on trade facilitation, e-commerce exports and process reforms.
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Question 6 of 20
6. Question
Foreign Direct Investment (FDI) usually implies:
Correct
FDI generally reflects a lasting interest in a foreign enterprise; the statistical benchmark commonly uses at least 10% of voting power.
Incorrect
FDI generally reflects a lasting interest in a foreign enterprise; the statistical benchmark commonly uses at least 10% of voting power.
Unattempted
FDI generally reflects a lasting interest in a foreign enterprise; the statistical benchmark commonly uses at least 10% of voting power.
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Question 7 of 20
7. Question
Foreign Portfolio Investment (FPI) generally differs from FDI because it:
Correct
Portfolio investment is mainly investment in financial assets, whereas FDI involves a lasting interest and often a greater degree of influence.
Incorrect
Portfolio investment is mainly investment in financial assets, whereas FDI involves a lasting interest and often a greater degree of influence.
Unattempted
Portfolio investment is mainly investment in financial assets, whereas FDI involves a lasting interest and often a greater degree of influence.
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Question 8 of 20
8. Question
Which is a possible economic benefit of FDI?
Correct
FDI can support capital formation, technology transfer, skills and market access, though outcomes depend on the sector and policy environment.
Incorrect
FDI can support capital formation, technology transfer, skills and market access, though outcomes depend on the sector and policy environment.
Unattempted
FDI can support capital formation, technology transfer, skills and market access, though outcomes depend on the sector and policy environment.
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Question 9 of 20
9. Question
Economic growth differs from economic development because development also considers:
Correct
Growth generally refers to an increase in output or income, while development includes broader qualitative and social improvements.
Incorrect
Growth generally refers to an increase in output or income, while development includes broader qualitative and social improvements.
Unattempted
Growth generally refers to an increase in output or income, while development includes broader qualitative and social improvements.
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Question 10 of 20
10. Question
Which measure is most directly related to export competitiveness?
Correct
Competitiveness depends on factors such as productivity, product quality, logistics, compliance and delivery reliability.
Incorrect
Competitiveness depends on factors such as productivity, product quality, logistics, compliance and delivery reliability.
Unattempted
Competitiveness depends on factors such as productivity, product quality, logistics, compliance and delivery reliability.
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Question 11 of 20
11. Question
A current-account deficit means, broadly, that:
Correct
The current account records trade in goods and services, primary income and secondary income; a deficit means payments exceed receipts.
Incorrect
The current account records trade in goods and services, primary income and secondary income; a deficit means payments exceed receipts.
Unattempted
The current account records trade in goods and services, primary income and secondary income; a deficit means payments exceed receipts.
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Question 12 of 20
12. Question
Which statement about economic growth and development is correct?
Correct
Growth does not guarantee inclusive improvements; distribution, access to services and job quality also matter.
Incorrect
Growth does not guarantee inclusive improvements; distribution, access to services and job quality also matter.
Unattempted
Growth does not guarantee inclusive improvements; distribution, access to services and job quality also matter.
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Question 13 of 20
13. Question
What is the principal role of the International Monetary Fund (IMF)?
Correct
The IMF supports monetary cooperation, surveillance and lending to members with external-payment difficulties.
Incorrect
The IMF supports monetary cooperation, surveillance and lending to members with external-payment difficulties.
Unattempted
The IMF supports monetary cooperation, surveillance and lending to members with external-payment difficulties.
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Question 14 of 20
14. Question
The World Bank Group‘s broad development role is to:
Correct
The World Bank Group provides financing, expertise and other support for development and poverty reduction.
Incorrect
The World Bank Group provides financing, expertise and other support for development and poverty reduction.
Unattempted
The World Bank Group provides financing, expertise and other support for development and poverty reduction.
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Question 15 of 20
15. Question
Which institution administers the global rules-based multilateral trading system?
Correct
The WTO administers trade agreements, provides a forum for negotiations and operates a system for resolving trade disputes.
Incorrect
The WTO administers trade agreements, provides a forum for negotiations and operates a system for resolving trade disputes.
Unattempted
The WTO administers trade agreements, provides a forum for negotiations and operates a system for resolving trade disputes.
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Question 16 of 20
16. Question
Which statement about the IMF and World Bank is most accurate?
Correct
Their roles overlap in some areas, but the IMF‘s core focus includes macroeconomic stability while the World Bank focuses on development.
Incorrect
Their roles overlap in some areas, but the IMF‘s core focus includes macroeconomic stability while the World Bank focuses on development.
Unattempted
Their roles overlap in some areas, but the IMF‘s core focus includes macroeconomic stability while the World Bank focuses on development.
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Question 17 of 20
17. Question
The Asian Development Bank (ADB) primarily supports:
Correct
ADB is a regional multilateral development bank serving Asia and the Pacific.
Incorrect
ADB is a regional multilateral development bank serving Asia and the Pacific.
Unattempted
ADB is a regional multilateral development bank serving Asia and the Pacific.
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Question 18 of 20
18. Question
Regional economic cooperation can help participating countries by:
Correct
Regional cooperation can improve market access, connectivity and coordination, though benefits depend on the agreement and implementation.
Incorrect
Regional cooperation can improve market access, connectivity and coordination, though benefits depend on the agreement and implementation.
Unattempted
Regional cooperation can improve market access, connectivity and coordination, though benefits depend on the agreement and implementation.
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Question 19 of 20
19. Question
India‘s participation in the WTO means that its trade policies are shaped in part by:
Correct
WTO members operate under negotiated agreements, including rules and permitted exceptions; membership does not require eliminating every tariff.
Incorrect
WTO members operate under negotiated agreements, including rules and permitted exceptions; membership does not require eliminating every tariff.
Unattempted
WTO members operate under negotiated agreements, including rules and permitted exceptions; membership does not require eliminating every tariff.
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Question 20 of 20
20. Question
Which organisation is especially associated with international labour standards and decent-work issues?
Correct
The ILO develops international labour standards and promotes decent work and social dialogue.
Incorrect
The ILO develops international labour standards and promotes decent work and social dialogue.
Unattempted
The ILO develops international labour standards and promotes decent work and social dialogue.