This is a timed quiz. You will be given 3600 seconds to answer all questions. Are you ready?


Question 1

Assertion (A) GATT was created to promote free trade.

Reason (R) Free trade always increases national welfare.

Correct! Wrong!

Question 2

Assertion(A) Free exchange rate increases risk of exporters.

Reason(R) Speculation can reduce the risk of exporters.

Correct! Wrong!

Question 3

The benefit accruing to the nation from issuing the currency or when its currency is used as an international currency or reserve is called

Correct! Wrong!

Question 4

Ratio of a country's export prices to its import prices is called

Correct! Wrong!

Question 5

Mercantilism was originated in

Correct! Wrong!

UGC NET Management Quiz Day 19

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