I. United States has the largest proportion of shares in the voting system.
II. China and India have the same percentage of shares for the voting system.
Which of the statement(s) given above is/are correct ?
Analysis of Statements on Asian Development Bank (ADB) Voting System:
Statement I Evaluation: US Share Proportion
The statement claims the United States has the largest proportion of shares in the ADB voting system. While the US is a major shareholder, it holds its share percentage tied with Japan. Both countries possess the largest individual shareholding proportions. Therefore, the assertion that the US *alone* holds the largest proportion is factually inaccurate as it is not the sole largest shareholder.
Statement II Evaluation: China and India Share Proportion
This statement posits that China and India have the same percentage of shares in the ADB voting system. Available data indicates that China's share percentage is slightly higher than India's. Consequently, they do not hold equal percentages of shares.
Conclusion on Statements
- Statement I is incorrect because the US share is tied with Japan, not uniquely the largest.
- Statement II is incorrect because China and India have different share percentages.
Since both statements are incorrect, the correct option is that neither statement is correct.
Important Questions from International Trade
Consider the following statements about the international financial sources :
I. A Global Depository Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign country.
II. A GDR is very similar to American Depository Receipt (ADR).
Select the correct option.
Which of the following documents is not required for obtaining export license?
_________ was set up with prime objective of professionalizing the country’s foreign trade management by providing training, research and data dissemination.
Which one of the following does not fall within the ambit of WTO operations ?
The following statements relate to Restrictive Trade Practices (RTP). Choose the correct code for the statements being correct or incorrect.
Statement I: Often the low price is the result of the predatory pricing strategy; prompting selling at prices below cost.
Statement II: This is done with an aim to drive out existing competitors because predatory pricing is a restrictive trade practice.
