ele ted       s   23.21
      9. Consider the following statements about            (c) 2, 3 and 4
         GIC Re.                                            (d) 1, 2, 3 and 4
          1. The public sector reinsurer provides
                                                        11. Which one of the following statements is
              reinsurance support to the life and
              non-life insurance companies in the            not true about Game Theory?
              country.                                      (a) It is a branch of economics that
          2. It also manages Marine Hull Pool,                    uses models to study interactions
              Indian terrorism insurance pool and                 between countries, individuals and
              India motor third party insurance pool              organisations.
              for commercial vehicles on behalf of          (b) It was devised in 1944 by John Von
              Indian insurance industry.                          Neumann and Oscar Morgenstern.
          3. It has emerged as a preferred reinsurer        (c) It was often used in political or military
              in the Afro-Asian region.                           context to explain conflicts between
          4. It is the third largest aviation reinsurer           countries but has of late been used
              globally.                                           to map trends in the business world,
         Select the correct statements using the code             ranging from how cartels sell prices to
         below.                                                   how companies can better their goods
                                                                  and services in new markets.
                                                            (d) Robert J. Aumann and Thomas C.
         (a) 1, 2 and 3
                                                                  Schelling were awarded Nobel Prize in
         (b) 1, 3 and 4
                                                                  Economics in 2005 for their work on
         (c) 2, 3 and 4                                           this theory.
         (d) 1, 2, 3 and 4
                                                        12. Select the correct statements about
     10. Consider the following statements regarding        ‘countervailing duty’—
         the marginal standing facility rate of the
         RBI.                                               (a) A tax imposed on import by the
                                                                  importing country to neutralise the
          1. It is similar to the repo rate for the
              financial institutions.                             benefit of export subsidies offered by
                                                                  the exporting country.
          2. It is on the lines of the liquidity
              adjustment facility and part of it.           (b) Another name of the anti-dumping
          3. Though it is a costlier route to fulfil              duty.
              overnight requirement of funds, it is         (c) It does not come under the preview of
              not a penal rate.                                   the WTO.
          4. Banks use this route once they exhaust         (d) It is opposite to custom duty.
              all channels to raise short-term fund.    13. Due to certain reasons, it becomes
         Select the incorrect statements using the          difficult for the Export Credit Gaurantee
         code given below:                                  Corporation to cover pure commercial
         (a) 1, 2 and 3                                     risks of the medium- and long-term exports
                                                            originating from India. What are these
         (b) 1, 3 and 4                                     reasons?