1) With reference to economy, what does the term de minimis level refer to?
A. It is the minimum level of special drawing rights (SDRs) that has to be maintained by IMF memebers.
B. It is the minimal amounts of domestic support that are allowed even though they distort trade.
C. It is the minimum level of capital required for a foreign bank to operate in India.
D. It is the minimum amount of trade required for a country to get status of Most Favoured Nation (MFN).
Answer:B
1) With reference to economy, what does the term de minimis level refer to?
A. It is the minimum level of special drawing rights (SDRs) that has to be maintained by IMF memebers. B. It is the minimal amounts of domestic support that are allowed even though they distort trade. C. It is the minimum level of capital required for a foreign bank to operate in India. D. It is the minimum amount of trade required for a country to get status of Most Favoured Nation (MFN).