Trade between two countries is known as ____ trade

(a)

External

(b)

Internal

(c)

Inter-regional

(d)

Home

Exchange rates are determined in

(a)

money market

(b)

foreign exchange market

(c)

stock market

(d)

capital market

Who among the following enunciated the concept of single factoral terms of trade?

(a)

Jacob Viner

(b)

G.S.Donens

(c)

Taussig

(d)

J.S.Mill

Favourable trade means value of exports are ________ Than that of imports.

(a)

More

(b)

Less

(c)

More or Less

(d)

Not more than

Components of balance of payments of a country includes

(a)

Current account

(b)

Official account

(c)

Capital account

(d)

All of above

Define Terms of Trade.

What do you mean by Balance of Payments?

What is meant by Exchange Rate?

What are import quotas?

Write a brief note on flexible exchange rate.

State the objectives of Foreign Direct Investment.

How the Rate of Exchange is determined? Illustrate.

Explain the relationship between Foreign Direct Investment and Economic development.