EPFO APFC 2016 • General Studies • Q.118

Q.117 Q.119

Q.117 Q.119

EPFO APFC • General Studies • 2016 • Q.118

Indian EconomyMedium

Statement (I)

Trade between two countries takes place on account of differences in costs.

Statement (II)

Different countries have different factor endowments.

2016 EPFO APFC • General Studies

Q.117 Q.119

Syllabus Connection

Global Economics & Future Trends: Balance of Payments (BoP), foreign exchange rate, LPG reforms 1991, international economic institutions (IMF, World Bank, WTO), foreign investment (FDI, FII), disinvestment & privatization, Make in India, Atmanirbhar Bharat, financial inclusion, digital economy, gig economy, startup ecosystem, green economy. (APFC)

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