Question
In the following questions, each sentence is divided
into four parts, which are labelled a, b, c, and d, one of these parts may contain an error. If the sentence is grammatically correct and free from any error, choose No error. The committee insisted that (a) the proposal should be revised (b) and must be submitted again (c) before the final approval. (d) No error (e)Solution
The verb “insisted that” requires the subjunctive mood, which demands parallel verb forms. To maintain consistency, it should be: • should be revised and should be submitted or • be revised and be submitted
The Marshall-Lerner Condition explains the requirement for a currency devaluation to successfully improve a country's trade balance in the long run. A...
A company based in the United States is expecting to receive a payment of 10 million euros in next two months. The company is concerned about the fall i...
Import cover is crucial for maintaining a stable currency and avoiding a balance of payments crisis. Which of the following ratio best reflects the impo...
An Indian importer observes the following quotes in the interbank market:
- Direct Quote in India:Â 1 USD = â‚ą83.50
A SEBI-registered Infrastructure Investment Trust (InvIT) plans to raise funds by issuing Masala Bonds in the London market. Which of the following re...
IMF describing India’s FX regime as “crawl-like” rather than purely floating implies ______​
According to the Interest Rate Parity (IRP) theory, if the 1-year risk-free interest rate in India is 10% and the 1-year risk-free interest rate in ...
The primary function of the foreign exchange market in an open economy is to:​Â
A SEBI-regulated entity performing cross-border transactions uses a BIC (Business Identifier Code), commonly known as a SWIFT Code. In an 8 or 11-chara...
When a country devalues its currency to improve its trade balance, the J-Curve effect suggests that the trade deficit will initially worsen before i...
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