Statement II: TRIMS agreement specifically forbids imposing restrictions on operations of an enterprise which result in protecting domestic products and making imports disadvantageous. Codes:
List-I List-II (a) Accommodating capital flow (i) Creation of international reserve assets by the IMF and their allocation among member countries in order to improve international liquidity (b) Autonomous capital flow (ii) Estimate of foreign exchange flow on account of either variations in the collection of related figures or unrecorded (c) SDR Allocation (iii) Inflow […]
List-I List-II (a) Absolute cost advantage theory (i) The empirical evidence based on US export of labour intensive goods challenging the factor endowment theory (b) Comparative cost advantage theory (ii) A country having a direct cost advantage in the production of a product on account of greater efficiency (c) Factor Endowment Theory (iii) A country […]
(i) Productive efficiency differed among different countries because of diversity in natural and acquired resources possessed by them. (ii) The difference in natural advantage manifests in varying climate, quality of land availability of minerals, water and other resources. (iii) The difference in acquired resources manifests in different levels of technology and skills available. Identify the […]
(i) The farmer must accept a wheat futures contract and not take physical possession of wheat. (ii) The farmer must accept delivery of the wheat at a higher price. (iii) The farmer has the right to deliver the wheat and will do so only if the price is favourable (iv) The farmer must deliver the […]
Statement (II): The limit of holding by individual foreign institutional investors in a company has been raised from 5 to 10% of company’s share while the aggregate limit has been increased from 24 to 34%
Reason (R): Capital Account convertibility is necessary for faster growth and development of economy and it makes foreign exchange rate more stable. Codes:
(i) Brunei Darussalam (ii) Cambodia (iii) Vietnam (iv) Myanmar (v) Sri Lanka