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Question: Demand elasticity of imported product of Bangladesh--

  1. a.
    Unitary elastic
  2. b.
    Zero elastic
  3. c.
    Elastic
  4. d.
    Inelastic
  5. e.
    None
Answer: d

Question: Largest export partner of Bangladesh is--

  1. a.
    Japan
  2. b.
    Australia
  3. c.
    Germany
  4. d.
    USA
  5. e.
    None of these
Answer: d

Question: Fire insurence was started for the first time in--

  1. a.
    Japan
  2. b.
    China
  3. c.
    America
  4. d.
    England
  5. e.
    Germany
Answer: d

Question: What is the main objective of the devaluation of currency?

  1. a.
    To increase import
  2. b.
    To increase export
  3. c.
    To increase purchasing capacity
  4. d.
    To increase money supply
  5. e.
    None of these
Answer: b

Question: How many Bangladeshi items recently got the dutyfree access to India?

  1. a.
    56
  2. b.
    65
  3. c.
    60
  4. d.
    46
  5. e.
    40
Answer: d

Question: Which is the hypothetical condition of comparative cost theory?

  1. a.
    Unit product
  2. b.
    Free trade
  3. c.
    Protection of trade
  4. d.
    Monopoly market
  5. e.
    None of these
Answer: b

Question: When the first EPZ was established?

  1. a.
    1987
  2. b.
    1990
  3. c.
    1983
  4. d.
    1985
  5. e.
    None
Answer: c

Question: Which of the following would not be a reason for a government to impose a quota on imports?

  1. a.
    to retaliate against other countries
  2. b.
    to support a strategic industry
  3. c.
    to prevent dumping
  4. d.
    to raise tax revenue
  5. e.
    none of them
Answer: d

Question: Who is the father of the modern theory of international trade?

  1. a.
    Heckscher Ohlin
  2. b.
    R. Trefler
  3. c.
    Adam Smith
  4. d.
    David Richardo
  5. e.
    Helen Daurie
Answer: a

Question: The 'terms of trade' of a country refers to--

  1. a.
    the rate at which domestic currency can be sold in foreign exchange markets
  2. b.
    the difference between the value of exports and the value of imports
  3. c.
    the system of tariff rates levied by the government of the country
  4. d.
    the relationship between average import prices and average export prices
  5. e.
    none of them
Answer: d

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