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Q. Utility terms of trade was introduced by ________________.

Q. Income terms of trade indicate increased capacity to ________________.

Q. ________________ is not an objective of commercial trade policy.

Q. International trade increases the welfare of ________________

Q. In the past several years, India's net invisibles were in ________________

Q. Private transfers on India's current account include ________________.

Q. When supply of exports is elastic, a country will have ________________ terms of trade.

Q. Ricardian theory assumes that labour is ________________ within the country.

Q. ________________ is not a detect of flexible exchange rate.

Q. The highest authority of WTO is ________________.