GK Quiz on Indian Economy Set XI

Jagran Josh is providing you a set of 10 MCQs on Indian Economy from different topics. These questions are tough a bit hence very crucial for UPSC aspirants. So go through these questions and evaluate yourself.
Created On: Feb 1, 2016 15:22 IST

Jagran Josh is providing you a set of 10 MCQs on Indian Economy from different topics. These questions are tough a bit hence very crucial for UPSC aspirants. So go through these questions and evaluate yourself.

1.Consider the following Statement(s) related to G-20

I.  It is the premier forum for its members' international economic cooperation and decision-making.

II.  It comprises G-8 countries plus the European Union and OECD members.

Which is / are the correct statement(s) from the given code?

a)  Only I

b)  Only II

c)  Both I and II

d)  Neither I nor II

2: Consider the following Statement(s) related to South Asian Free Trade Area

I.  SAFTA came into force since January 1, 2006 replacing South Asian Preferential Trade Agreement (SAPTA)

II.  The SAFTA agreement allows any states to pull out of the treaty at any time.

Which is / are the correct statement(s) from the given code?

(a)  Only I

(b)  Only II

(c)  Both I and II

(d)  Neither I nor II

3: Which of the following are the members of South Asian Free Trade Area?

A.  Indonesia, Philippines, Malaysia, Thailand, Singapore, Brunei, Vietnam, Laos, Cambodia and Nepal.

B.  Indonesia, Philippines, Malaysia, Thailand, Singapore, Brunei, Vietnam, Laos, Cambodia and Korea.

C.  Indonesia, Philippines, Malaysia, Thailand, Singapore, Brunei, Vietnam, Laos, Cambodia and Myanmar.

D.  Indonesia, Philippines, Malaysia, Thailand, Singapore, Brunei, Vietnam, Laos, Cambodia and Bhutan.

4: Consider the following Statement(s) related to South Asian Free Trade Area

I.  The leaders of India, Pakistan, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka have agreed upon to create a 'South Asian Free Trade Area' (SAFTA) during 12th SAARC

summit.

II.  SAFTA came into force since January 1, 2006 replacing South Asian Preferential Trade Agreement (SAPTA) which was operative among SAARC countries, since December 7, 1995.

Which is / are the correct statement(s) from the given code?

a)  Only I

b)  Only II

c)  Both I and II

d)  Neither I nor II

5. Which of the following is not true about international monetary fund?

(a) Its head quarter is in New York.

(b) It has 188 members.

(c) It helps member countries in controlling balance of payments of the members.

(d) It was established in 1945

6. Which currency is recently added in the basket of IMF currency?

(a) Japanese yen

(b) Chinese Yuan

(c) Indian Rupee

(d) Brazilian Dollar

7. Which currency has largest weight in deciding the value of SDR (Special Drawing Rights)?

(a) Euro

(b) Japanese yen

(c) Pound Sterling

(d) USA Dollar

8. Which of the following is Not matched correctly?

(a) IBRD……1945

(b) IFC……1956

(c) MIGA…1988

(d) IDA…1954

9. Which type of loan is provided by the World Bank to its members?

(a)  Short term loan

(b)  Long term loan

(c)  Fixed term loan

(d)  None of these

10. Which of the following is not the objective of the World Bank?

(a)  To rehabilitate war ruined countries

(b)  To develop resources and production facilities in under developed countries.

(c)  To help the member countries in managing the Balance of Payment (BOP)

(d)  To provide long term loans to members

Question

Answer

1

a

2

c

3

c

4

c

5

a

6

b

7

d

8

d

9

b

10

c

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