Principles of Internation Business for Tourism | Set 2

1. The most popular currencies in the offshore market are -----------

A. Dollar and Yen

B. Dollar and Euro

C. Euro and Yen

D. Euro and Rupee

Correct : B. Dollar and Euro

2. The classical theory of international trade was developed by

A. Adam Smith

B. Marshall

C. Keynes

D. None of these

Correct : A. Adam Smith

3. Open economies are

A. Dependent

B. Independent

C. Stable

D. None of these

Correct : A. Dependent

4. The settlement of spot transactions takes place within

A. Tree days

B. One day

C. Two days

D. 4 days

Correct : C. Two days

5. The exchange rates in which the spot transactions are carried out are known as

A. Spot rate

B. ASK rate

C. Bid rate

D. Forward rate

Correct : A. Spot rate

6. Purchasing Power Purity Theory presents a line between exchange rates and --------

A. Interest rate

B. Inflation

C. BOP

D. None of these

Correct : B. Inflation

7. Which is the invisible item in the BOP

A. Machinery

B. Tourist

C. Car

D. None of these

Correct : B. Tourist

8. Which is the world’s largest source of concession assistance

A. IFC

B. IMF

C. IBRD

D. IDA

Correct : D. IDA

9. MIGA was established in

A. 1978

B. 1988

C. 1998

D. 2008

Correct : B. 1988

10. Buffer stock financing was introduced by------------

A. IMF

B. IFC

C. IDA

D. IBRD

Correct : A. IMF

Quiznetik

Principles of Internation Business for Tourism | Set 2

1. The most popular currencies in the offshore market are -----------

2. The classical theory of international trade was developed by

3. Open economies are

4. The settlement of spot transactions takes place within

5. The exchange rates in which the spot transactions are carried out are known as

6. Purchasing Power Purity Theory presents a line between exchange rates and --------

7. Which is the invisible item in the BOP

8. Which is the world’s largest source of concession assistance

9. MIGA was established in

10. Buffer stock financing was introduced by------------