International Economics Two Marks Question

12th Standard EM

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. What is International Economics?

  2. Define International trade.

  3. State any two merits of trade.

  4. What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?

  5. Define Terms of Trade.

  6. What do you mean by Balance of Payments?

  7. What is meant by Exchange Rate?

  8. Define Comparative Cost Advantage.

  9. List out the types of BOP Disequilibrium.

  10. What is the view of Mercantilism about trade?

  11. What are the Free Trade theories ?

  12. Define - Unfavourable BOT

  13. Write a brief note on The Official Reserve Assets Account

  14. What is Foreign Institutional Investment (FII)?

  15. Write the latest trend of FDI in India?

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