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FIFTH SEMESTER U.G. DEGREE EXAMINATION, NOVEMBER 2021
(CUCBCSS—UG)
Economics
ECO 5B 10—INTERNATIONAL ECONOMICS
Time : Three Hours Maximum : 80 Marks
Section A (Objective Type Questions)
Answer all twelve questions.

1. A deliberate reduction in the value of domestic currency in terms of the foreign by the monetary
authority of a country is called :

a) Revaluation. b) Devaluation.
c) Depreciation. d) Appreciation.
2. The Hecksher -Ohlin theory of international is based on :
a) Reciprocal demand. b) Labour theory of value.
c) Factor endowments. d) None of these.

3. Which of the following is an example of regional economic co-operation ?

a) SAARC. b) IMF.
c) WTO. d) SDR.
4. If India and USA starts free trade, wage difference among them will :
a) Increase. b) Falls.
c) Noeffect. d) Double.
5. Net export means:
a) Export plus import. b) Half of the export.
c) Export minus import. d) Export multiplied by import.

6. Dumping refers to:

a) Selling a commodity at a lower price in the rest of the world below the cost and domestic
price.

b) Selling a commodity at a high price in the rest of the world above the cost and domestic
price.

c) Buying goods at lower price from foreign countries than from domestic market.
d) Reducing tariffs.

Turn over

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