MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 121 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
MILA is a stock exchange not involving which of the following countries' stock exchanges? |
| A. | Chile |
| B. | Peru |
| C. | Columbia |
| D. | Cuba |
| Answer» E. | |
| 52. |
The functions of the International Monetary Fund include all of the following except... |
| A. | to provide emergency loans to countries facing balance of payments problems. |
| B. | to monitor macroeconomic developments continuously in member countries. |
| C. | to serve as the world central bank. |
| D. | to provide a line of credit for each member country. |
| Answer» D. to provide a line of credit for each member country. | |
| 53. |
Which of the following is not seen as an advantage of the gold standard? |
| A. | For a given stock of gold, a rise in real money supply can only occur if the price level declines. |
| B. | Inflation is unlikely to emerge as a significant problem. |
| C. | No country needs to serve at the centre of this fixed exchange rate system. |
| D. | The monetary mechanism has credibility. |
| Answer» B. Inflation is unlikely to emerge as a significant problem. | |
| 54. |
In which one of these countries do more than 80% say national economic conditions are good ? |
| A. | Argentina |
| B. | China |
| C. | Kenya |
| D. | Philippines |
| Answer» C. Kenya | |
| 55. |
Which one of the following institutions is related with the Green / Blue Box subsidies ? |
| A. | United Nations |
| B. | World Bank |
| C. | World Tourism Organization |
| D. | World Trade Organization |
| Answer» E. | |
| 56. |
Which one of the following countries is the first borrower of fund from the International Monetary Fund ? |
| A. | United States |
| B. | France |
| C. | Spain |
| D. | India |
| Answer» C. Spain | |
| 57. |
As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with ? |
| A. | International Organization for Standardization. |
| B. | International Federation of Standards Users. |
| C. | Codex Alimentarius Commission. |
| D. | World Standards Cooperation |
| Answer» D. World Standards Cooperation | |
| 58. |
Which of the following is included in M-1 ? |
| A. | gold |
| B. | checkable deposits |
| C. | stock |
| D. | credit cards |
| Answer» C. stock | |
| 59. |
Which one of the following countries has the highest share in the world export among the Asian countries ? |
| A. | South Korea |
| B. | Singapore |
| C. | India |
| D. | China |
| Answer» E. | |
| 60. |
What does S & P 500 relate to ? |
| A. | Super computer |
| B. | A new technique in e-business |
| C. | A new technique in bridge building |
| D. | An index of stokes of large companies |
| Answer» E. | |
| 61. |
In which on of the following places was the |
| A. | Santa Cruz |
| B. | Kandla |
| C. | Cochin |
| D. | Surat |
| Answer» C. Cochin | |
| 62. |
Which country started |
| A. | UK under Margaret Thatcher |
| B. | Russia in CIS |
| C. | Mexico, Argentina and Brazil |
| D. | Italy, France and Malaysia |
| Answer» B. Russia in CIS | |
| 63. |
Token privatisation |
| A. | 5% of shares |
| B. | 10% of shares |
| C. | 49% of shares |
| D. | 51% of shares |
| Answer» B. 10% of shares | |
| 64. |
Which one of the following is the final session of the |
| A. | Singapore session |
| B. | Geneva session |
| C. | Washington session |
| D. | Uruguay session |
| Answer» E. | |
| 65. |
Which one of the following countries is the top user of the anti-dumping measures in the world in the decade ? |
| A. | India |
| B. | United States |
| C. | Japan |
| D. | China |
| Answer» B. United States | |
| 66. |
Which one of the following countries of the world has signed the first |
| A. | Sri Lanka |
| B. | Malaysia |
| C. | Mauritius |
| D. | Singapore |
| Answer» B. Malaysia | |
| 67. |
'Global Competitiveness Report' |
| A. | WTO |
| B. | EU |
| C. | World Bank |
| D. | WEF |
| Answer» E. | |
| 68. |
TRIPS (Trade Related Aspects of Intellectual Property Rights) |
| A. | UNCTD |
| B. | UNO |
| C. | WTO |
| D. | World Bank |
| Answer» D. World Bank | |
| 69. |
Which one of the following institutions publishes the report of |
| A. | IMF |
| B. | World Bank |
| C. | RBI |
| D. | UNCTAD |
| Answer» B. World Bank | |
| 70. |
Which one of the following factors is taken into account to calculate the |
| A. | Current Account |
| B. | Changes in the Foreign Exchange Reserves |
| C. | Errors and Omissions |
| D. | All of the above |
| Answer» E. | |
| 71. |
Which one of the following is the proposed currency of the |
| A. | Khaleeji |
| B. | Sucre |
| C. | Minar |
| D. | None of these |
| Answer» B. Sucre | |
| 72. |
Which one of the following is the correct sequence of the countries having |
| A. | China - Russia - India - France |
| B. | China - France - India - Russia |
| C. | France - China - Russia - India |
| D. | France - China - India - Russia |
| Answer» B. China - France - India - Russia | |
| 73. |
Which one of the following causes the condition in which prices increase rapidly as a |
| A. | Stagflation |
| B. | Conflation |
| C. | Stealth inflation |
| D. | Hyper inflation |
| Answer» E. | |
| 74. |
The representation of the relationship between possible rates of |
| A. | Laffer Curve |
| B. | Griffin curve |
| C. | Philips curve |
| D. | Gini's curve |
| Answer» B. Griffin curve | |
| 75. |
Which one of the following is the act of stimulating the economy by |
| A. | Disinflation |
| B. | Reflation |
| C. | Inertial inflation |
| D. | Inflation hedge |
| Answer» C. Inertial inflation | |
| 76. |
The standard of |
| A. | Poverty ratio |
| B. | Per capita income |
| C. | National income |
| D. | Unemployment rate |
| Answer» C. National income | |
| 77. |
Which one of the following is related with the |
| A. | A method to determine the income ineqality |
| B. | An effect of supply demand mismatch |
| C. | A method to determine the unemployment |
| D. | None of these |
| Answer» B. An effect of supply demand mismatch | |
| 78. |
Which one of the following items has gained the highest growth rate in the import composition of the Indian Economy in the last decade ? |
| A. | pearls, precious and semiprecious stones |
| B. | gold and silver |
| C. | oil-cake and other solid residues |
| D. | none of the above |
| Answer» C. oil-cake and other solid residues | |
| 79. |
Which sister organisation of the |
| A. | Asian Development Bank |
| B. | IMF |
| C. | International Development Association |
| D. | International Finance Corporation |
| Answer» D. International Finance Corporation | |
| 80. |
Foreign currency |
| A. | Hot currency |
| B. | Soft currency |
| C. | Gold currency |
| D. | Scarce currency |
| Answer» B. Soft currency | |
| 81. |
Gilt-edged market |
| A. | Market of government securities |
| B. | Bullion market |
| C. | Market dealing with metals |
| D. | Market dealing with exports |
| Answer» B. Bullion market | |
| 82. |
Which of the following would cause |
| A. | the GDP Deflator rises |
| B. | a greater proportion of the population is between age 20 and 30 |
| C. | transitory income increases |
| D. | income is taken from poor people and given to rich people |
| Answer» C. transitory income increases | |
| 83. |
Which of the following is an example of |
| A. | An American places funds in a savings account in Canada |
| B. | Tokyo Bank of Japan buys Union Bank of the United States |
| C. | Saturn Corp. (owned by General Motors) builds a new factory in Tennessee |
| D. | An American puts $10,000 into a money market fund |
| Answer» B. Tokyo Bank of Japan buys Union Bank of the United States | |
| 84. |
According to the monetarists, in the long-run, the |
| A. | vertical |
| B. | horizontal |
| C. | downward sloping |
| D. | upward sloping |
| Answer» B. horizontal | |
| 85. |
Multilateral Investment Guarantee Agency (MIGA) |
| A. | United Nations |
| B. | World Economic Forum |
| C. | World Trade Organisation |
| D. | World Bank |
| Answer» E. | |
| 86. |
Which of the following statements is true about |
| A. | The main change made by the tax laws of 1981 and 1986 was to increase marginal tax rates in order to balance the budget |
| B. | The Laffer Curve says that, if marginal tax rates fall, tax revenues will rise, and the budget deficit will decrease |
| C. | If the tax laws of 1981 and 1986 had had their intended effect, consumption would have risen, causing an increase in both real GDP and in the price level |
| D. | All of these |
| Answer» C. If the tax laws of 1981 and 1986 had had their intended effect, consumption would have risen, causing an increase in both real GDP and in the price level | |
| 87. |
In which of the following countries was a |
| A. | Brazil |
| B. | Spain |
| C. | Venezuela |
| D. | Mexico |
| Answer» D. Mexico | |
| 88. |
What percentage of currency devaluation was allowed by the |
| A. | 10% |
| B. | 7% |
| C. | 20% |
| D. | 15% |
| Answer» B. 7% | |
| 89. |
Which one of the following curves is a graphical representation of the relationship between |
| A. | Philips curve |
| B. | Laffer,s curve |
| C. | Beveridge curve |
| D. | Friedman,s curve |
| Answer» D. Friedman,s curve | |
| 90. |
What is happening with the |
| A. | Indian toys are selling more |
| B. | Indian consumers are buying less |
| C. | Indian consumers are getting more choice at cheaper rates |
| D. | Chinese consumers are falling short of choice |
| Answer» D. Chinese consumers are falling short of choice | |
| 91. |
Special drawing |
| A. | a credit line allocated by the IMF to member countries according to each country's quot(a) |
| B. | backed by US dollars. |
| C. | the IMF's unit of account. |
| D. | a basket of four currencies. |
| Answer» C. the IMF's unit of account. | |
| 92. |
If the actual unemployment rate is below the natural rate of unemployment, it would be expected that : |
| A. | the rate of inflation would increase |
| B. | the Phillips curve would shift to the left |
| C. | wages would fall |
| D. | the natural rate of unemployment would fall |
| Answer» B. the Phillips curve would shift to the left | |
| 93. |
The reason in difference between |
| A. | Gross Foreign Investment |
| B. | Net Foreign Investment |
| C. | Net Exports |
| D. | Net Factor Income from abroad |
| Answer» E. | |
| 94. |
In which year was the new |
| A. | 1983 |
| B. | 2001 |
| C. | 1999 |
| D. | 1995 |
| Answer» D. 1995 | |
| 95. |
Which one of the following is the recognized lender of the |
| A. | Export Credit Agencies |
| B. | Asian Development Bank |
| C. | IFC |
| D. | All of the above |
| Answer» E. | |
| 96. |
Which one of the following areas is the main aim of |
| A. | To facilitate the import in the country |
| B. | To encourage the export |
| C. | To facilitate the movement of expatriates |
| D. | None of the above |
| Answer» C. To facilitate the movement of expatriates | |
| 97. |
India is not a member of which of the following ? |
| A. | CIS |
| B. | SAARC |
| C. | SAFTA |
| D. | WTO |
| Answer» B. SAARC | |
| 98. |
Special Drawing Rights (SDRs) |
| A. | IBRD |
| B. | IMF |
| C. | IDA |
| D. | OECD |
| Answer» C. IDA | |
| 99. |
The International Development Association, |
| A. | IBRD |
| B. | IFAD |
| C. | UNDP |
| D. | UNIDO |
| Answer» B. IFAD | |
| 100. |
WTO |
| A. | Singapore |
| B. | Uruguay |
| C. | Tokyo |
| D. | Marrakesh |
| Answer» E. | |