Read the passage carefully and choose the best answer to each question out of the four alternatives.
International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic, social and political importance has been on the rise in recent centuries. Industrialization, advances in tecnology, transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is, in principle, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries.
Which of the following is one of the factors of production ?
What is the synonym of ‘mobile’ ?
Which one of the following has a major impact on international trade ?
According to the author, increasing international trade
What is the main difference between international and domestic trade ?
In the following questions, some of the sentences have errors and some have none. Find out which part of a sentence has an error. The number of that part is your answer. If there is no error, your answer is d: i.e., No error.
A chill wind blew (a)/ and icy fingers of death (b)/ crept up my spine. (c)/ No error (d).
Such rules (a)/ do not apply to (b)/ you and I. (c),/ No error (d).
The river (a)/ has overflown (b)/ its banks. (c)/ No error (d).
IIM Calcatta’s MBA programme (a)/ is regarded (b)/ as the finest in the country (c)/ No error (d).
One of the most (a)/ widely spread (b)/ bad habit is the use of tobacco. (c)/ No error (d).