International Economics

'LIBOR' means---London Inter-Bank Offered Rate
The goal of pure market economy is to best meet the desires of----Customers
Why might a 10% devaluation of a country's currency fail to improve its balance of trade deficit?-Other countries devalue their currencies by 15%
Which of the following would not be a reason for a government to impose a quota on imports?-to raise tax revenue
Which of the following is the target year for achieving the Millennium Development Goal(MDG)?-2015
When in an economy current account surplus and economy in recession position then what will be the remedy process to achieve external balance?-Exchange rate appreciation
In the absence off-setting changes, what would be likely to increase if a country's exchange rate appreciates?-the cost of imported raw materials
Which is the characteristic of the foreign trade of Bangladesh?-Export of industrial products
What is most likely to increase as a result of a rise in interest rates in a country?-the inflow of short-term foreign capital
Where is no export promotion bureau?-Barisal
Where is the headquarter of ACU is situated?-Iran
Full meaning of SCO is---Shanghai Co-operation Organization
Among the following major export products of Bangladesh, highest growth in earnings in 2004 was enjoyed by---Knitwear
First bank in this Indian subcontinent is---Hindustan Bank
Who is the father of 'Euro' Currency?-Robert Mundell
Which one is the Followings is the most recent idea in the sector of economics?-Market economy
Which reason for an import control allows a country to develop a potential comparative cost advantage in a particular good?-a short-term tariff that protects an infant industry
Why would a government indroduce tariffs and quotas?-to increase the level of international competition
How many countries are the members of Asian Clearing Union(ACU)?-9
Devaluation of taka in Bangladesh is likely to increase which of the following?-Export
What is the name of currency of Ethiopia?-Birr
The 8th Asia Pacific Micro-Credit Summit was held in which city?-New Delhi
Trade that takes place between two countries or among more than two countries is called----international trade
Which of the following earns highest amount of foreign currency for Bangladesh?-Garments and Knitwear
Demand of exported product of Bangladesh to the foreign market---Elastic
Which is the hypothetical condition of comparative cost theory?-Free trade
Which is the largest rice exporting country in the world?-Thailand
Who was the world's richest man?-Bill Gates
Bangladesh has trade surplus with which country?-USA
How might an increase in interest rates lead to fall in a country's exchange rate?-It will harm the economy's growth prospects leading to a decrease in inward investment
Which of the following bank is recently awarded as the best bank among the world?-HSBC
Fire insurence was started for the first time in---England
Where the government repegs the exchange rate at a lower level is called to the---Devaluation
'Every country will import those goods which's cost of production is higher'. This speech has been quoted from of---Comparative cost difference theory
Who is the father of the modern theory of international trade?-Heckscher Ohlin
Which currency has the highest value?-Kuwaiti Dinar
Which feature of the economy could explain why the purchasing power parity exchange rate of the Rupee in much higher then its market exchange rate?-the relatively low rate of inflation
What will happen if a country allows its exchange rate to float freely?-Foreign exchange reserves will no longer be needed
What might explain an increase in the volume of a country's imports?-an appreciation of the country's exchange rate
The 'terms of trade' of a country refers to---the relationship between average import prices and average export prices
Largest export partner of Bangladesh is---USA
Demand elasticity of imported product of Bangladesh---Inelastic
Which of the following sectors earns highest foreign currency for Bangladesh?-Garments
The most important source of export earning for Bangladesh is---Ready Made Garments
In a certain period difference between visible and invisible import and export of a country is called to the---balanced of trade
Latest member of BIMSTEC is----Both b and c
A country decides to allow its foreign exchange rate to float freely. Which item in the country's balance of payments accounts will become zero?-changes in official reserve of foreign currency
EPZ stands for---Export Processing Zone
When $1 = Tk.70 turns into $1 = Tk.80 then it will be called---Devaluation
The country which consumes the most petroleum is---USA
Which ministry is related to the export promotion bureau?-Trade and commerce
Which country is known is the 'Economic Superpower'?-America
When the first EPZ was established?-1983
What is the main objective of the devaluation of currency?-To increase export
How is a free trade area different from a customs union?-A free trade area allows members to impose different tariffs against non-member countries
Which is the cause of deficit foreign trade of Bangladesh?-high cost in invisible sector
Which Eu Country has not adopted 'Euro' as its domestic currency?-England
BEPZA stands for---Bangladesh Export Processing Zone Authority
Bangladesh has exported ship for the first time to which of the following countries?-Denmark
Reduction of foreign exchange of domestic currency in terms of foreign currency is called---Devaluation
Import quotas to be associated with---expand domestic production and sales
The World Trade Organization conference of 2003 was held in----Cancun
Who is the new chief after Straus Kahn's exit?-Christine Lagarde
Deficit in balance of trade means---visible and invisible import > export
Recently India has raised the export price of per ton of non-basmati rice to---US$ 1000
Wage earner scheme is an advantage to---Emigrated Bangladeshi
What would result from a devaluation of a country's exchange rate?-a reduction in the foreign currency price of exports
In which of the following situation will a country's terms of trade worsen?-The prices of its imports rise by more than the prices of its exports
How many Bangladeshi items recently got the dutyfree access to India?-46
According to 1989 survey, the largest exporter country of rice was---Thailand
Which of the following countries has recorded the fastest GDP growth rates during the last 10 years?-China
Which country has accepted 'Euro' as their common currency for the latest time?-Latvia
What is trade union?-Labour Organization
Which of the following statements is correct for an open economy that has a fixed exchange rate?-The domestic money supply is affected by the balance of payments
If taka is devalued in terms of dollar then----Export of Bangladeshi product will increase in America
Which one of the following is different?-NAFTA
The country which exports the most petroleum is---Saudi Arabia
How might a country improve its terms of trade?-by imposing tariffs on imported goods
Which is not the cause of deficit in foreign trade of Bangladesh?-export of readymade garment
EPB stands for---Export Promotion Bureau