Answer: 8.90 lacs
(a) WTO rules are mainly applied to trade in goods but other areas such as services, intellectual property, etc., are not covered by them.
(b) GATT had contracting parties, whereas WTO has members.
(c) The dispute settlement system under WTO is much more efficient, speedy and transparent unlike the GATT system which was highly susceptible to blockages.Code :
Answer:(b) and (c)
Reasoning (R) : The Government of India is keen to grow exports and provide more jobs for the young, talented, well-educated and even semi-skilled and unskilled workforce in India.Code :
Answer:Both (A) and (R) are correct; and (R) is the right explanation of (A).
Answer:Logistics Performance Index
(a) It is used for cargo with higher unit value and manufactured or semi-manufactured goods.
(b) Its shipping lines offer slower shipping services.
(c) It operates regularly on a fixed schedule.
(d) Its document of transport contract is called ‘Charter Party’.Code :
Answer:(b) and (d)
Statement (I) : Foreign exchange risk denotes the variance of domestic currency value of assets, liabilities, or operating income attributable to anticipated changes in exchange rates.
Statement (II) : Foreign exchange exposures denote the sensitivity of the real value of assets, liabilities and operating income to unanticipated changes in exchange rates expressed in its functional currency.Code :
Answer:Statement (I) is incorrect while Statement (II) is correct.
Answer:Having annual turnover upto ` 30 crore.
(a) Investment Analysis and Decisions
(b) Production Behaviour and Cost Analysis
(c) Input Reward Analysis and Decisions
(d) Economic Environment AnalysisCode :
Answer:(a), (b) and (d)
Answer:Price Factor Curve
Answer:Average cost equals marginal cost where marginal cost is minimum.