Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions? [Punjab & Sindh Bank 2011] (A) Providing subsidy to agriculture. (B) Export of patented drugs/medicines by developed nations. (C) Restriction on natural movement of people from one nation to other.
a. Only A
b. Only B
c. Only C
d. Both A and C
Q. Which of the following names/terms is NOT associated with the World Trade Organization (WTO)? [Punjab & Sindh Bank 2011]
a. UNCTAD
b. GATI
c. GATS
d. SEWA
Q. The International Development Association, a lending agency, is administered by the [IAS 2010]
a. International Bank for Reconstruction and Development
b. International Fund for Agricultural Development
c. United Nations Development Programme
d. United Nations Industrial Development Organization
Q. Consider the following countries: 1. Brazil 2. Mexico 3. South Africa According to UNCTAD, which of the above is/are categorized as "Emerging Economies"? [IAS 2010]
a. 1 only
b. 1 and 3 only
c. 2 and 3 only
d. 1, 2 and 3
Q. Which one of the following is not related to United Nations? [IAS 2010]
a. Multilateral Investment Guarantee Agency
b. International Finance Corporation
c. International Centre for Settlement of Investment Disputes
d. Bank for International Settlements
Q. With reference to BRIC countries, consider the following statements: 1. At present, China's GDP is more than the combined GDP of all the three other countries. 2. China's population is more than the combined population of any two other countries. Which of the statements given above is/are correct? [IAS 2010]
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q. Which one among the following is not a clause of World Trade Organization? [CDS 2012]
a. Most favoured nation. treatment
b. Lowering trade barriers with negotiations
c. Providing financial support to the countries having deficit balance of payments
d. Discouraging unfair trade practices such as antidumping and export subsidies
Q. Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition. SDR is a monetary unit of the reserve assets of which of the following organizations/agencies? [SBI PO 2010]
a. World Bank
b. International Monetary Fund (IMF)
c. Asian Development Bank
d. Reserve Bank of India
Q. Regarding the International Monetary Fund, which one of the following statements is correct? [CSAT 2011]
a. It can grant loans to any country
b. It can grant loans to only developed countries
c. It grants loans to only member countries
d. It can grant loans to the central bank of a country
Q. The G-8countries include: 1. France 2. Germany 3. Canada 4. Italy 5. Netherlands 6. U.K. 7. U.S. 8. Russia 9. Japan
a. 1,2,3,4,6,7,8,9
b. 1,2,4,5,6,7,8,9
c. 1,2,3,4,6,7,8,9
d. 1,2,3,4,5,6,7,9
Q. Human Development Index comprises literacy rates, life expectancey at birth and: [IAS 1997]
a. gross domestic product per head in the US dollars
b. gross domestic product per head at real purchasing power
c. gross national product in US dollars
d. national income per head in US dollars
Q. Which one of the following is not a member of Organization of the Petroleum Exporting Countries (OPEC)? [Asstt Comm 2008]
a. Algeria
b. Brazil
c. Ecuador
d. Nigeria
Q. The World Bank and IMF gives respectively:
a. long term and short term credits
b. short term and long term credits
c. both long term credits
d. both short term credits
Q. Which of these are nicknamed 'Bretton Woods Twins' ? 1. IDA 2. IMF 3. IBRD 4. WTO
a. 1and 4
b. 2and 4
c. 3 and 4
d. 2 and 3