Match the Economists with their Contributions:
Choose the correct answer from the options given below:
· Adam Smith (A-III) – "The Wealth of Nations" (1776), known as the father of economics.
· A. Marshall (B-I) – "Principles of Economics," introduced concepts of demand, supply, and elasticity.
· J. R. Hicks (C-II) – "Value and Capital," contributed to consumer theory and welfare economics.
· Wassily Leontief (D-IV) – Developed Input-Output Economics, used in economic planning.
English
10 Questions
20 Marks
12 Mins English English50 Questions100 Marks60 Mins English English10 Questions20 Marks12 Mins EnglishMatch List – I with List – II.
List – I | List – II |
A. Greenfield Investment | I. Direct investment overseas aimed to sell the output of a firm’s domestic production process |
B. Foreign Portfolio Investment | II. Overseas investment to acquire existing facilities |
C. Forward Vertical FDI | III. Overseas investment to create new facilities from the ground up |
D. Brownfield Investment | IV. Investment in foreign financial instruments such as foreign stock, government bonds, etc. |
Choose the correct answer from the options given below:
| LIST-I TRADE TARIFF |
LIST-II Explanation |
| A. Specific Tariff |
I. Fixed percentage of the value of the commodity |
| B. Ad valorem Tariff |
II. Fixed amount of money per unit |
| C. Compound Tariff |
III. Duty fixed to bring the price of imported commodity to the level of domestic support price |
| D. Variable Tariff |
IV. Combination of Ad valorem and Specific Tariff |
Which of the following are possible negative impacts of FDI on domestic firms in host countries?
(A) Market monopoly
(B) Technology dependence
(C) Increased competition
(D) Profit outflow
Choose the correct answer from the options given below:
Mercosur, a South American trade block, is a:
Match List I with List II
List I: Authors of Trade Theory | List II: Name of Theory |
(A) Steffan Linder | (I) Product Life Cycle Theory |
(B) Raymond Vernon | (II) Country Similarity Theory |
(C) Heckscher-Ohlin | (III) Absolute Advantage Theory |
(D) Adam Smith | (IV) Factor Proportion Theory |
Choose the correct answer from the options given below:
Match the List II with List II
List I: Theory | List II: Author(s) |
A. Theory of Comparative Cost Advantage | I. Heckscher & Ohlin |
B. Theory of Opportunity Cost | II. David Ricardo |
C. Theory of Factor Endowment | III. Haberler |
D. Theory of Absolute Advantage | IV. Adam Smith |
Codes:
Match the institutions with their years of establishment:
List I (Institution) | List II (Year of Establishment) |
A. UNCTAD | I. 1967 |
B. WTO | II. 1994 |
C. NAFTA | III. 1964 |
D. ASEAN | IV. 1995 |
Codes:
__________ is the result of the Bretton Woods Conference of nations held in 1944.
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