International Economics-Tariff and Non-Tariff Barriers to Trade [GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1)]: Questions 1 - 3 of 35

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Question 1

Appeared in Year: 2013

Question MCQ▾

Which of the following is related with optimum currency area? (December)

Choices

Choice (4)Response

a.

Optimal geographical area for a single currency

b.

Optimal geographical area for several currencies whose exchange rates are relatively pegged

c.

Single currency or the pegged currencies fluctuate jointly visa- vis other currencies

d.

Question does not provide sufficient data or is vague

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Question 2

Appeared in Year: 2013

Question Match List-Ⅰ List-Ⅱ▾

Match List-I with List-II: (December)

List-Ⅰ (Author)List-Ⅱ (Theory)
(A)

Hamilton List

(i)

Elasticity approach

(B)

Jacob Viner

(ii)

Trade creation and Trade diversion effects

(C)

Marshall- Learner

(iii)

Impoverishing growth

(D)

F. Y. Edgeworth

(iv)

Indian Industry

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iv)
  • (ii)
  • (i)
  • (iii)

b.

  • (i)
  • (ii)
  • (iv)
  • (iii)

c.

  • (iv)
  • (iii)
  • (ii)
  • (i)

d.

  • (ii)
  • (iii)
  • (i)
  • (iv)

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Question 3

Appeared in Year: 2013

Question MCQ▾

The imposition of an import tariff by a large nation (December)

Choices

Choice (4)Response

a.

worsens the nation՚s terms of trade but increases the volume of trade

b.

worsens the nation՚s terms of trade and reduces the volume of trade.

c.

usually improves the nation՚s terms of trade but reduces the volume of trade.

d.

usually improves the nation՚s terms of trade and increases the volume of trade.

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