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Practice International Trade Questions and Answers

The National Rural Livelihood Mission, a measure adopted by the Government to alleviate poverty, is also known as________.
Which of the statement is TRUE considering the Central problems of an economy?
In 1991, under the external sector reforms. Indian rupee______.
National Sample Survey Organization (NSSO) provides estimates of magnitude of unemployment on the basis of different concepts. Which of the following is su...
Balance of Trade is measured as:
During the first stage of a total product curve, the total product is
Which of the following pairs of goods is/are likely to have a positive cross price elasticity of demand? (1) Cars and Petrol (2) Tea and Coffee (3) Rice...
Which of the following is NOT a correct statement in the context of National income?
The foreign capital investment in India on the eve of independence concentrated on the following sectors of the economy (i) railways (ii) tea and coffee ...
Which of the following is/are included while calculating the national income using the income method? (1) Wages and salaries in cash (2) Employers' contr...
For the growth of the Indian economy, which among the following should NOT be encouraged?
Which of the following statements is/are true? (1) Outsourcing of services is an outcome of globalisation. (2) Privatisation implies supremacy of social ...
An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
Suppose your data produces the regression result y = 10 +3x. Scale y by multiplying observations by 0.9 and do not scale x. The new intercept and slope est...
In a multiple regression model, the Durbin-Watson test statistic is 1.3, while the critical lower and upper values are 1.5 and 1.7 respectively. This impli...
In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
Let X1, X2 and X3 are three (Pairwise) uncorrelated random variables. The mean & variance of each variable is 0 and 3, respectively. Find the correlation b...
GDPf = Gross Domestic Product at Factor Cost; GDPm = Gross Domestic Product at Market Price; NNPf = Net National Product at Factor Cost; C = Consumption; I...
An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
Suppose your data produces the regression result y = 10 +3x. Scale y by multiplying observations by 0.9 and do not scale x. The new intercept and slope est...
In a multiple regression model, the Durbin-Watson test statistic is 1.3, while the critical lower and upper values are 1.5 and 1.7 respectively. This impli...
In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
Let X1, X2 and X3 are three (Pairwise) uncorrelated random variables. The mean & variance of each variable is 0 and 3, respectively. Find the correlati...
GDPf = Gross Domestic Product at Factor Cost; GDPm = Gross Domestic Product at Market Price; NNPf = Net National Product at Factor Cost; C = Consumption; I...

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