Commerce Quiz 42 || UGC NET Paper 2 || Banking and Financial Institutions

Which of the following is not the salient feature of the industrial policy developments since 1991?

Which one of the following is not the characteristic of capitalism?

Assertion (A): An export processing zone is different from free trade zone as it promotes units primarily devoted to exports.

Reasoning (R): Goods imported to a free trade zone may be re-exported without any processing, in the same form. But goods exported by units in an EPZ are expected to have undergone some value addition by manufacturing/processing.

Assertion (A): The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa.

Reason (R): High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.

Match the items of List - II with List - I to identify the correct code which are related to legal forces affecting international marketers.