1 - Rate of growth of population in Pakistan is:
1 - Rate of growth of population in Pakistan is:
Decreasing
2 - Mobility of labour depends upon:
2 - Mobility of labour depends upon:
All of the above
3 - Population census was held in Pakistanh in:
3 - Population census was held in Pakistanh in:
1998
4 - Father of political economy:
4 - Father of political economy:
Adam Smith
5 - He described economics as a science of material welfare:
5 - He described economics as a science of material welfare:
Marshall
6 - Economic laws are:
6 - Economic laws are:
Approximate
7 - Economic laws are:
7 - Economic laws are:
Scientific
8 - Economics is a science:
8 - Economics is a science:
Social
9 - Economic problems arise because of:
9 - Economic problems arise because of:
Scarcity
10 - Which statement relates to macroeconomics:
10 - Which statement relates to macroeconomics:
The government has failed to control inflation
11 - Which statement is true?
11 - Which statement is true?
Economics is a social and normative science
12 - Ceteris paribus means:
12 - Ceteris paribus means:
Other things equal
13 - In economics, assumptions:
13 - In economics, assumptions:
Enable economists to simplify reality
14 - A positive statement:
14 - A positive statement:
Concerns 'what is'
15 - Normative economics:
15 - Normative economics:
Involves opinions and interpretations
16 - Basic economic problem is:
16 - Basic economic problem is:
ScarcityE.Lack of money
17 - Microeconomics concentrates:
17 - Microeconomics concentrates:
In all countries of the world
18 - Microeconomics concentrates:
18 - Microeconomics concentrates:
Individual economic units
19 - Macroeconomic deals with:
19 - Macroeconomic deals with:
Aggregate economic activity
20 - Three basic economic problems:
20 - Three basic economic problems:
What, how and for whom
21 - Economics:
21 - Economics:
Is a social science
22 - Economic law:
22 - Economic law:
Show economic behaviour of people
23 - Adam Smith was a:
23 - Adam Smith was a:
Classical economist
24 - Marshall in his definition of economics:
24 - Marshall in his definition of economics:
Uses the concept of material welfare
25 - "Wealth of Nations":
25 - "Wealth of Nations":
Is a book
26 - Marshall wrote the book:
26 - Marshall wrote the book:
Principles of economics
27 - Economic theory means:
27 - Economic theory means:
Principles of economics
28 - Robbins in his definition:
28 - Robbins in his definition:
Talks of scarcity of resources
29 - Market system means:
29 - Market system means:
Capitalism
30 - One or more persons living together and having a common budget is called:
30 - One or more persons living together and having a common budget is called:
Household
31 - "Wealth of Nations" was written in:
31 - "Wealth of Nations" was written in:
1776
32 - Economic principles are also called:
32 - Economic principles are also called:
All of the above
33 - "Wealth of nations" was written by:
33 - "Wealth of nations" was written by:
Adam Smith
34 - Select the correct statement:
34 - Select the correct statement:
All of the above are true
35 - Professor Marshall thinks:
35 - Professor Marshall thinks:
Economics studies material welfare
36 - "Everyone should study economics":
36 - "Everyone should study economics":
Is a narmative statement
37 - Utility and usefulness are:
37 - Utility and usefulness are:
Different
38 - Rotten eggs are:
38 - Rotten eggs are:
Free good
39 - Scarcity means that:
39 - Scarcity means that:
The good is available but it is not free
40 - The basic economic problem common to all societies is:
40 - The basic economic problem common to all societies is:
Scarcity cannot be totally eliminated
41 - Human wants are:
41 - Human wants are:
Innumerable
42 - Scarcity means:
42 - Scarcity means:
Less supply than demand
43 - Validity of economic theories can never be proved with 100 percent certainty, because:
43 - Validity of economic theories can never be proved with 100 percent certainty, because:
Ceteris paribus clause
44 - Rotten eggs are:
44 - Rotten eggs are:
Free good
45 - Human wants are:
45 - Human wants are:
Innumerable
46 - A consumer is in equilibrium when marginal utilities are:
46 - A consumer is in equilibrium when marginal utilities are:
Equal
47 - In economics, one or more persons sharing common consumer budget is called:
47 - In economics, one or more persons sharing common consumer budget is called:
Household
48 - When marginal is negative, it must be true that:
48 - When marginal is negative, it must be true that:
The total is decreasing
49 - The term 'marginal' in economics means:
49 - The term 'marginal' in economics means:
Additional
50 - Utility is most closely related to the term:
50 - Utility is most closely related to the term:
Satisfaction
51 - Demand curve slopes downward because of the law of:
51 - Demand curve slopes downward because of the law of:
Diminishing marginal utility
52 - A consumer's spending is restricted because of:
52 - A consumer's spending is restricted because of:
Budget constraint
53 - Law of substitution is another name for law of:
53 - Law of substitution is another name for law of:
Law of Equi-MU
54 - Law of Equi-marginal Utlity is a law of:
54 - Law of Equi-marginal Utlity is a law of:
Consumption of wealth
55 - Utility and usefulness are:
55 - Utility and usefulness are:
Different
56 - When MU is positive, TU:
56 - When MU is positive, TU:
Increases
57 - Diminishing marginal utility is the basis of:
57 - Diminishing marginal utility is the basis of:
Law of demand
58 - When MU = 0, TU is:
58 - When MU = 0, TU is:
Maximum
59 - Quality of a commodity that satisfies some human want or need is called:
59 - Quality of a commodity that satisfies some human want or need is called:
Utility
60 - Indifference curves are convex to the origin because:
60 - Indifference curves are convex to the origin because:
Two goods are imperfect substitutes
61 - Normally a demand curve will have the shape:
61 - Normally a demand curve will have the shape:
Downward sloping
62 - Law of demand shows relation between:
62 - Law of demand shows relation between:
Price and quantity of a commodity
63 - This is an assumption of law of demand:
63 - This is an assumption of law of demand:
Income of consumer should not change
64 - If quantity demanded is completely unresponsive to changes in price, demand is:
64 - If quantity demanded is completely unresponsive to changes in price, demand is:
Perfectly inelastic
65 - Other things equal, if a good has more substitutes, its price elasticity of demand is:
65 - Other things equal, if a good has more substitutes, its price elasticity of demand is:
Larger
66 - Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is:
66 - Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is:
3
67 - If elasticity of demand is very low it shows that the commodity is:
67 - If elasticity of demand is very low it shows that the commodity is:
A necessity
68 - The following are causes of shift in demand EXCEPT the one:
68 - The following are causes of shift in demand EXCEPT the one:
Change in price
69 - When demand is perfectly inelastic, an increase in price will result in:
69 - When demand is perfectly inelastic, an increase in price will result in:
An increase in total revenue
70 - If demand is unitary elastic, a 25% increases in price will result in:
70 - If demand is unitary elastic, a 25% increases in price will result in:
25% decrease in quantity demanded
71 - Irrespective of price, Sofia always spends Rs. 100 a week on ice cream, we conclude that:
71 - Irrespective of price, Sofia always spends Rs. 100 a week on ice cream, we conclude that:
Elasticity of demand is 1
72 - When cross elasticity of demand is a large positive number, one can conclude that:
72 - When cross elasticity of demand is a large positive number, one can conclude that:
The good is a substitute
73 - If demand is inelastic, a change in the price:
73 - If demand is inelastic, a change in the price:
Will change total revenue in same direction
74 - Which one is the assumption of law of demand?
74 - Which one is the assumption of law of demand?
Prices of substitutes should not change
75 - Which of the following is a demand function?
75 - Which of the following is a demand function?
Q + 4P = 20
76 - Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:
76 - Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:
Perfectly inelastic
77 - Price and demand are positively correlated in case of:
77 - Price and demand are positively correlated in case of:
Giffen goods
78 - The elasticity of demand of durable goods is:
78 - The elasticity of demand of durable goods is:
Greater than unity
79 - The elasticity of demand of durable goods is:
79 - The elasticity of demand of durable goods is:
More elastic
80 - Mr. Raees Ahmad bought 50 litres of petrol when his monthly income was Rs. 25,000. Now his monthly income has risen to Rs. 50,000 and he purchases 100 litre of petrol. His income elasticity of demand for petrol is:
80 - Mr. Raees Ahmad bought 50 litres of petrol when his monthly income was Rs. 25,000. Now his monthly income has risen to Rs. 50,000 and he purchases 100 litre of petrol. His income elasticity of demand for petrol is:
1
81 - When price elasticity of demand for normal goods is calculated, the value is always:
81 - When price elasticity of demand for normal goods is calculated, the value is always:
Negative
82 - Income elasticity of demand for normal good is always:
82 - Income elasticity of demand for normal good is always:
Positive
83 - Demand is a function of:
83 - Demand is a function of:
Price
84 - If price and total revenue move in the same direction, then demand is:
84 - If price and total revenue move in the same direction, then demand is:
Inelastic
85 - What does price elasticity of demand measure?
85 - What does price elasticity of demand measure?
The responsiveness of demand to price changes
86 - Which one is the assumption of law of demand?
86 - Which one is the assumption of law of demand?
Income of the consumer should not change
87 - Which one is increasing function of price:
87 - Which one is increasing function of price:
Supply
88 - It describes the law of supply:
88 - It describes the law of supply:
All the three
89 - Supply curve will shift when:
89 - Supply curve will shift when:
Technology change
90 - An increase in demand would cause supply curve to:
90 - An increase in demand would cause supply curve to:
No effect on supply
91 - If price changes by 1% and supply changes by 2% then supply is:
91 - If price changes by 1% and supply changes by 2% then supply is:
Elastic
92 - If elasticity of supply is greater than one. Supply curve will be:
92 - If elasticity of supply is greater than one. Supply curve will be:
Touching y-axis
93 - Supply surve:
93 - Supply surve:
Is flatter in long run
94 - During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to:
94 - During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to:
Leftward
95 - When supply of a commodity increases without change in price it is called:
95 - When supply of a commodity increases without change in price it is called:
Rise in supply
96 - In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is:
96 - In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is:
Less elastic
97 - What best explains a shift in market supply curve to the right?
97 - What best explains a shift in market supply curve to the right?
A new technique makes it cheaper to produce the good
98 - Economic problems arise because:
98 - Economic problems arise because:
All of the above
99 - Which is not an essential condition for an economic problem to arise?
99 - Which is not an essential condition for an economic problem to arise?
Use of money
100 - Which is not a central problem of an economy?
100 - Which is not a central problem of an economy?
How to maximize private profit
101 - Who defined Economics as a 'Science which studies human behaviour as a relationship between ends and means which have alternative uses?
101 - Who defined Economics as a 'Science which studies human behaviour as a relationship between ends and means which have alternative uses?
L. Robbins
102 - A mixed economy is characterised by the co-existence of:
102 - A mixed economy is characterised by the co-existence of:
Public and private sectors
103 - Which is not an essential feature of a socialist economy?
103 - Which is not an essential feature of a socialist economy?
Freedom of enterprise
104 - Which of the following is incorrect?
104 - Which of the following is incorrect?
A market necessarily refers to a meeting place between buyers and sellers
105 - Microeconomics deals with the:
105 - Microeconomics deals with the:
All of the above
106 - Which of the following is Microeconomics concerned with?
106 - Which of the following is Microeconomics concerned with?
None of the above
107 - Formulation of an economic theory involves:
107 - Formulation of an economic theory involves:
All of the above
108 - An economic theory is:
108 - An economic theory is:
A tested hypothesis
109 - Identify the aspect of taxation which is related to normative economics:
109 - Identify the aspect of taxation which is related to normative economics:
Equity of tax
110 - Demand for a commodity refers to a:
110 - Demand for a commodity refers to a:
Quantity of the commodity demanded at a certain price during any praticular period of time
111 - Contraction of demand is the result of:
111 - Contraction of demand is the result of:
Increase in the price of the commodity concerned
112 - All but one of the following are assumed to remain the same while drawing an individual's demand curve for a commodity. Which one is it?
112 - All but one of the following are assumed to remain the same while drawing an individual's demand curve for a commodity. Which one is it?
The price of the commodity under consideration
113 - Which of the following pairs of commodities is an example of substitutes?
113 - Which of the following pairs of commodities is an example of substitutes?
Tea and coffee
114 - In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
114 - In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
1
115 - The Law of Demand, assuming other things to remain constant, establishes the relationship between:
115 - The Law of Demand, assuming other things to remain constant, establishes the relationship between:
Price of a commodity and the quantity demanded
116 - Identify the factor which generally keeps the price-elasticity of demand for a commodity now:
116 - Identify the factor which generally keeps the price-elasticity of demand for a commodity now:
Its low price
117 - Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price:
117 - Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price:
Small than one
118 - In the case of an inferior good, the income elasticity of demand is:
118 - In the case of an inferior good, the income elasticity of demand is:
Negative
119 - In respect of which of the following category of goods is consumer's surplus highest?
119 - In respect of which of the following category of goods is consumer's surplus highest?
Necessities
120 - Total utility is maximum when:
120 - Total utility is maximum when:
Marginal utility is zero
121 - If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to:
121 - If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to:
Increase
122 - If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:
122 - If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:
Vertical
123 - In the case of a Giffen good, the demand curve will be:
123 - In the case of a Giffen good, the demand curve will be:
Backward falling to the left
124 - The budget-line is also known as the:
124 - The budget-line is also known as the:
Consumption possibility line
125 - Which one is not a assumption of the theory of demand based on analysis of indifference curves?
125 - Which one is not a assumption of the theory of demand based on analysis of indifference curves?
Constant marginal utility of money
126 - The elasticity of substitution between two perfect substitutions is:
126 - The elasticity of substitution between two perfect substitutions is:
Infinity
127 - The consumer is in equilibrium at a point where the budget line:
127 - The consumer is in equilibrium at a point where the budget line:
Is tangent to an indifference curve
128 - An indifference curve slopes down towards right since more of one commodity and less of another result in:
128 - An indifference curve slopes down towards right since more of one commodity and less of another result in:
Same satisfaction
129 - The Revealed Preference Theory deduces the inverse price-quantity relationship from:
129 - The Revealed Preference Theory deduces the inverse price-quantity relationship from:
Observed behaviour of the consumer
130 - Which of the following statements is incorrect?
130 - Which of the following statements is incorrect?
The elasticity of substitution between two goods to a consumer is zero
131 - Production is a function of:
131 - Production is a function of:
Profits
132 - An ISO-product curve slopes:
132 - An ISO-product curve slopes:
Downward to the right
133 - A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
133 - A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
Zero
134 - The supply of a commodity refers to:
134 - The supply of a commodity refers to:
Amount of the commodity offered for sale at a particular price per unit of time
135 - Which cost increases continuously with the increase in production?
135 - Which cost increases continuously with the increase in production?
Variable cost
136 - Which of the following cost curves is never Un-shaped?
136 - Which of the following cost curves is never Un-shaped?
Average fixed cost curve
137 - Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
137 - Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
Cost of raw materials
138 - In the short term, when the output of a firm increases, its average fixed cost:
138 - In the short term, when the output of a firm increases, its average fixed cost:
Decrease
139 - A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is:
139 - A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is:
Equal to unity
140 - The production techniques are technically efficient:
140 - The production techniques are technically efficient:
Between the two ridge lines
141 - Which of the following is not a feature of iso-product curves? Iso-product curves:
141 - Which of the following is not a feature of iso-product curves? Iso-product curves:
Intersect each other
142 - Some economists refer to iso-product curves as:
142 - Some economists refer to iso-product curves as:
Production indifference curve
143 - Which one of the following is also known as plant curves?
143 - Which one of the following is also known as plant curves?
Short-run average cost (SAC) curves
144 - What is the shape of the average fixed cost (AFC) curve?
144 - What is the shape of the average fixed cost (AFC) curve?
Rectangular hyperbola
145 - An increase in the supply of a commodity is caused by:
145 - An increase in the supply of a commodity is caused by:
All of the above
146 - Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its:
146 - Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its:
Price
147 - The cost of one thing in terms of the alternative given up is known as:
147 - The cost of one thing in terms of the alternative given up is known as:
Opportunity cost
148 - According to current thinking, the law of diminishing returns applies to:
148 - According to current thinking, the law of diminishing returns applies to:
All fields of production
149 - Identify the correct statement:
149 - Identify the correct statement:
Economies of scale arise only because of indivisibilities of factors of production
150 - With which of the following is the concept of marginal cost closely related?
150 - With which of the following is the concept of marginal cost closely related?
Variable cost
151 - According to M. Kalecki, the true measure of the degree of monopoly power is the:
151 - According to M. Kalecki, the true measure of the degree of monopoly power is the:
Ratio between price and marginal cost
152 - A monopolist is able to maximize his profit when:
152 - A monopolist is able to maximize his profit when:
His maginal revenue is equal to marginal cost
153 - Which of the following is not an essential condition of pure competition?
153 - Which of the following is not an essential condition of pure competition?
Absence of transport cost
154 - What is the shape of the demand curve faced by a firm under perfect competition?
154 - What is the shape of the demand curve faced by a firm under perfect competition?
Horizontal
155 - Which is the first-order condition for the profit of a firm to be maximum?
155 - Which is the first-order condition for the profit of a firm to be maximum?
MC = MR
156 - In which form of the market structure in the degree of control over the price of its product by a firm very large?
156 - In which form of the market structure in the degree of control over the price of its product by a firm very large?
Monopoly
157 - Which is the other name that is given to the average revenue curve?
157 - Which is the other name that is given to the average revenue curve?
Demand curve
158 - Under which of the following forms of market structure does a firm have no control over the price of its product?
158 - Under which of the following forms of market structure does a firm have no control over the price of its product?
Perfect competition
159 - Which one of the following is the condition of equilibrium for the monopolist?
159 - Which one of the following is the condition of equilibrium for the monopolist?
MR = MC
160 - The situation of monopolistic competition is created by:
160 - The situation of monopolistic competition is created by:
All of the above
161 - According to Malthus, population increases by progression of kind:
161 - According to Malthus, population increases by progression of kind:
Geometric
162 - All labour is:
162 - All labour is:
Increasing skills of workers
163 - All labour is:
163 - All labour is:
Heterogeneous
164 - Mobility of labour:
164 - Mobility of labour:
(a) and (c)
165 - Unemployment due to mechanization of agriculture is:
165 - Unemployment due to mechanization of agriculture is:
Structural
166 - Labour inpur includes:
166 - Labour inpur includes:
The unskilled worker
167 - A skilled worker is an example of:
167 - A skilled worker is an example of:
Labour input
168 - The labour force participation rate is the:
168 - The labour force participation rate is the:
Proportion of skilled workers population
169 - The set of skills and abilities that workers possess for production of goods and serves is:
169 - The set of skills and abilities that workers possess for production of goods and serves is:
Wealth
170 - Jahangir graduated one month ago. He is still unemployed. His unemployment is:
170 - Jahangir graduated one month ago. He is still unemployed. His unemployment is:
Seasonal
171 - The factor that is LEAST likely to be result of specialization is:
171 - The factor that is LEAST likely to be result of specialization is:
Greater refinement of skills
172 - Every country should have population:
172 - Every country should have population:
Optimum
173 - Underemployment of labour means that:
173 - Underemployment of labour means that:
(a) and (c)
174 - An example of labour is:
174 - An example of labour is:
Computer software engineer
175 - Which of the following is NOT an advantage of division of labour::
175 - Which of the following is NOT an advantage of division of labour::
Workers become dependent on other workers
176 - Rickshaw has replaced tonga as local transport:
176 - Rickshaw has replaced tonga as local transport:
Structural
177 - Optimum population is defined by the economists as the level of population of which:
177 - Optimum population is defined by the economists as the level of population of which:
Labour productivity is maximized
178 - The human effort applied to the production of goods is called in economics:
178 - The human effort applied to the production of goods is called in economics:
Labour
179 - To reduce the level of unemployment the government may:
179 - To reduce the level of unemployment the government may:
Increase government spending
180 - They are included in labour EXCEPT:
180 - They are included in labour EXCEPT:
Office clerk
181 - The set of skills and abilities that workers possesses for the production of goods and serves is:
181 - The set of skills and abilities that workers possesses for the production of goods and serves is:
Motivation
182 - Which of the following is capital:
182 - Which of the following is capital:
Plough of the farmer
183 - Which is true:
183 - Which is true:
Capital depreciates
184 - To the economist, investment refers to:
184 - To the economist, investment refers to:
Creation of a new capital
185 - A factory is an example of:
185 - A factory is an example of:
Capital
186 - In an economy government constructed a new water reservoir (e.g Mangla Dam) for purpose of irrigation; this might be taken as:
186 - In an economy government constructed a new water reservoir (e.g Mangla Dam) for purpose of irrigation; this might be taken as:
Increase in supply of capital
187 - Which of the following is 'NOT' capital as economists use the term:
187 - Which of the following is 'NOT' capital as economists use the term:
Money
188 - Which of the following is a producer good:
188 - Which of the following is a producer good:
Hammer
189 - An example of money capital is:
189 - An example of money capital is:
Money in a savings account
190 - It is true:
190 - It is true:
Capital depreciates
191 - When did the international Monetary Fund (IMF) begin its operations?
191 - When did the international Monetary Fund (IMF) begin its operations?
1946
192 - What is the present total number of members of the IMF?
192 - What is the present total number of members of the IMF?
155
193 - Where are the headquarters of the IMF?
193 - Where are the headquarters of the IMF?
Washington, DC
194 - What rate of interest does the IMF charge for providing additional confessional balance of payments assistance, under the structural adjustment facility, to low income countries?
194 - What rate of interest does the IMF charge for providing additional confessional balance of payments assistance, under the structural adjustment facility, to low income countries?
0.005
195 - When was the first amendment to the Articles of the IMF made which led to the creation of the Special Drawing Rights (SDR) facility?
195 - When was the first amendment to the Articles of the IMF made which led to the creation of the Special Drawing Rights (SDR) facility?
1969
196 - Which one of the following is not a function of the IMF?
196 - Which one of the following is not a function of the IMF?
To promote the development of backward countries
197 - The IMF institute conducts courses, covering a wide spectrum of subjects in financial analysis and policy making for officials from member in Washington. When was it established?
197 - The IMF institute conducts courses, covering a wide spectrum of subjects in financial analysis and policy making for officials from member in Washington. When was it established?
1964
198 - The IMF approves the creation of a given amount of new SDRs. These SDRs are distributed among the participating countries on the basis of their:
198 - The IMF approves the creation of a given amount of new SDRs. These SDRs are distributed among the participating countries on the basis of their:
Quotas in the IMF
199 - Which of the following currencies is at present not included in the valuation of the SDRs?
199 - Which of the following currencies is at present not included in the valuation of the SDRs?
Dinar
200 - In 1974 the IMF changed the basis of valuation of the SDR by calculating the value of the SDR from a basket of currencies of several major countries. What was the number of currencies included in the valuation of the SDR in 1974?
200 - In 1974 the IMF changed the basis of valuation of the SDR by calculating the value of the SDR from a basket of currencies of several major countries. What was the number of currencies included in the valuation of the SDR in 1974?
16
201 - Where are the headquarters of the International Labour Organisation (ILO)?
201 - Where are the headquarters of the International Labour Organisation (ILO)?
Geneva
202 - When was the ILO established as an autonomous part of the League of Nations?
202 - When was the ILO established as an autonomous part of the League of Nations?
1919
203 - In which year was the ILO awarded the Nobel Peace Prize?
203 - In which year was the ILO awarded the Nobel Peace Prize?
1969
204 - Which is the oldest organisation among the four?
204 - Which is the oldest organisation among the four?
ILO
205 - What was the total number of member countries of the Colombo Plan for Cooperative Economic Development in South and South-East Asia which was set up in 1950?
205 - What was the total number of member countries of the Colombo Plan for Cooperative Economic Development in South and South-East Asia which was set up in 1950?
Twenty six
206 - One of the following countries was not a member country of the Colombo Plan. Identify it:
206 - One of the following countries was not a member country of the Colombo Plan. Identify it:
France
207 - In which month of 1945 was the Food and Agriculture Organisation (FAO) set up?
207 - In which month of 1945 was the Food and Agriculture Organisation (FAO) set up?
October
208 - In 1951 the FAO was transferred from its temporary headquarters in Washington, DC to:
208 - In 1951 the FAO was transferred from its temporary headquarters in Washington, DC to:
Rome
209 - The FAO come into formal being in 1945 with the signing of its constitution at a converence held in:
209 - The FAO come into formal being in 1945 with the signing of its constitution at a converence held in:
Quebec City
210 - An affiliate of the World Bank, the International Finance Corporation (IFC) became effective in:
210 - An affiliate of the World Bank, the International Finance Corporation (IFC) became effective in:
1956
211 - The International Bank for Reconstruction and Development (IBRD), known as World Bank, began its operations in:
211 - The International Bank for Reconstruction and Development (IBRD), known as World Bank, began its operations in:
1946
212 - The main function of the World Bank is to:
212 - The main function of the World Bank is to:
Encourage capital investment for the reconstruction and development of its member countries
213 - At what rate of interest does the World Bank provide loan to underdeveloped countries?
213 - At what rate of interest does the World Bank provide loan to underdeveloped countries?
0.5
214 - The highest percentage of the World Bank's total loans have been made for the development of:
214 - The highest percentage of the World Bank's total loans have been made for the development of:
Energy
215 - The World Bank normally gives:
215 - The World Bank normally gives:
Medium and long-term Loans
216 - In which of the following ways does the World Bank give loans to members?
216 - In which of the following ways does the World Bank give loans to members?
All of the above
217 - How many governments have contributed to the capital of the World Bank?
217 - How many governments have contributed to the capital of the World Bank?
154
218 - An affiliate of the World Bank, the International Development Association (IDA) was set up in:
218 - An affiliate of the World Bank, the International Development Association (IDA) was set up in:
1960
219 - Where are the headquarters of the IDA?
219 - Where are the headquarters of the IDA?
Washington, DC
220 - The IDA gives development credits to the developing countries for a period of at least:
220 - The IDA gives development credits to the developing countries for a period of at least:
15 years
221 - How many lending nations formed the 'Aid India Club' to help India out of her foreign exchange difficulties?
221 - How many lending nations formed the 'Aid India Club' to help India out of her foreign exchange difficulties?
12
222 - Which of the following does not match?
222 - Which of the following does not match?
International Fund for Agriculaural Development Geneva
223 - The main function of the IFC is to:
223 - The main function of the IFC is to:
Encourage the growth of productive private enterprises in less developed member countries
224 - Which financial institution is known as the 'soft loan window' from which underdeveloped countries can borrow in hard currencies?
224 - Which financial institution is known as the 'soft loan window' from which underdeveloped countries can borrow in hard currencies?
IDA
225 - The main function of the IDA is to:
225 - The main function of the IDA is to:
Make loans to less developed countries on flexible terms
226 - An international conference was held in Geneva in 1947 to consider matters relating to common trade and tariff policy which led to the establishment of the General Agreement on Tariffs and Trade (GATT) in the following year. How many countries attended t
226 - An international conference was held in Geneva in 1947 to consider matters relating to common trade and tariff policy which led to the establishment of the General Agreement on Tariffs and Trade (GATT) in the following year. How many countries attended t
23
227 - Where are the headquarters of the General Agreement on Tariffs and Trade (GATT) organisation?
227 - Where are the headquarters of the General Agreement on Tariffs and Trade (GATT) organisation?
Geneva
228 - There have been a series of rounds of negotiations between the signatories of GATT designed to reduce trade barriers on a multilateral basis. The first round took place in 19
228 - There have been a series of rounds of negotiations between the signatories of GATT designed to reduce trade barriers on a multilateral basis. The first round took place in 19
Fifth
229 - When was the Uruguay Round of multilateral trade negotiations under the GATT launched?
229 - When was the Uruguay Round of multilateral trade negotiations under the GATT launched?
September. 1986
230 - Including the Uruguay Round, how many multilateral trade negotiations have been held in the GATT to far?
230 - Including the Uruguay Round, how many multilateral trade negotiations have been held in the GATT to far?
Eight
231 - The headquarters of the World Health Organisation are located at:
231 - The headquarters of the World Health Organisation are located at:
Geneva
232 - When was the World Health Organisation (WHO) set up?
232 - When was the World Health Organisation (WHO) set up?
1948
233 - Where are the headquarters of the United Nations Fund for Population Activities located?
233 - Where are the headquarters of the United Nations Fund for Population Activities located?
New York
234 - When was the United Nations Fund for Population Activities set up?
234 - When was the United Nations Fund for Population Activities set up?
1967
235 - Where is the central secretarial of the Association of South-East Asian Nations (ASEAN) locted?
235 - Where is the central secretarial of the Association of South-East Asian Nations (ASEAN) locted?
Jakarta
236 - The aim of the ASEAN is to accelerate economic and social progress and maintain stability in the region. When was it formed?
236 - The aim of the ASEAN is to accelerate economic and social progress and maintain stability in the region. When was it formed?
1967
237 - How many countries are members of the ASEAN?
237 - How many countries are members of the ASEAN?
Six
238 - The International Fund for Agricultural Development is a one billion dollar fund used for raising food production in developing countries and providing employment to poor and landless farmers. What proportion of this fund has been contributed by industri
238 - The International Fund for Agricultural Development is a one billion dollar fund used for raising food production in developing countries and providing employment to poor and landless farmers. What proportion of this fund has been contributed by industri
0.6
239 - When was the International Fund for Agricultural Development set up?
239 - When was the International Fund for Agricultural Development set up?
1977
240 - The International Fund for Agricultural Development has its headquarters in:
240 - The International Fund for Agricultural Development has its headquarters in:
Rome
241 - When was the Council of Europe, which aims to protect and promote economic and social progress of its members, set up?
241 - When was the Council of Europe, which aims to protect and promote economic and social progress of its members, set up?
1949
242 - Where are the headquarters of the Council of Europe?
242 - Where are the headquarters of the Council of Europe?
Strasbourg
243 - Two organisations were conceived at the Breton Woods conference held in 19
243 - Two organisations were conceived at the Breton Woods conference held in 19
GATT
244 - Where are the headquarters of the United Nations Industrial Development Organisation (UNIDO)?
244 - Where are the headquarters of the United Nations Industrial Development Organisation (UNIDO)?
Vienna
245 - When was the Organisation of Economic Cooperation and Development (OECD) formed?
245 - When was the Organisation of Economic Cooperation and Development (OECD) formed?
1961
246 - The headquarters of OECD are located at:
246 - The headquarters of OECD are located at:
Paris
247 - Where are the headquarters of the European Economic Community?
247 - Where are the headquarters of the European Economic Community?
Brussels
248 - How many countries are the members of the European Economic Community (EEC)?
248 - How many countries are the members of the European Economic Community (EEC)?
12
249 - Identify one of the new members of the European Economic Community?
249 - Identify one of the new members of the European Economic Community?
Spain
250 - In which year did the Eropean Economic Community (EEC), popularly known as the European Common Market (ECM), come into existence?
250 - In which year did the Eropean Economic Community (EEC), popularly known as the European Common Market (ECM), come into existence?
1958
251 - Which one of the following countries attends the sessions of the Council for Mutual Economic Assistance as an observer?
251 - Which one of the following countries attends the sessions of the Council for Mutual Economic Assistance as an observer?
Mexico
252 - The headquarters of the Council for Mutual Economic Assistance (COMECON) are located at:
252 - The headquarters of the Council for Mutual Economic Assistance (COMECON) are located at:
Moscow
253 - When was the Council for Mutual Economic Assistance (COMECON) founded with the object of co-coordinating and integrating the economies of member-countries?
253 - When was the Council for Mutual Economic Assistance (COMECON) founded with the object of co-coordinating and integrating the economies of member-countries?
1949
254 - How many countries joined together to form the European Free Trade Association (EFTA) with a view to ultimately establish a free trade area between member-countries?
254 - How many countries joined together to form the European Free Trade Association (EFTA) with a view to ultimately establish a free trade area between member-countries?
Seven
255 - Two founder members of the European Free Trade Association (EFTA) left it in 1972 to join the EEC. One was the UK. Which was the other?
255 - Two founder members of the European Free Trade Association (EFTA) left it in 1972 to join the EEC. One was the UK. Which was the other?
Denmark
256 - Where are the headquarters of EFTA located?
256 - Where are the headquarters of EFTA located?
Brussels
257 - The European Free Trade Association (EFTA) was formed on the pattern of the EEC as a result of the convention signed by some countries of Europe at Stockholm. When was it formed?
257 - The European Free Trade Association (EFTA) was formed on the pattern of the EEC as a result of the convention signed by some countries of Europe at Stockholm. When was it formed?
1960
258 - When was the United Nations Environment Programme launched?
258 - When was the United Nations Environment Programme launched?
1972
259 - Which of the following organisations has its headquarters at Nairobi?
259 - Which of the following organisations has its headquarters at Nairobi?
United Nations Environment Programme
260 - When was the 'Group of 77', an economic group of the Third World countries to protect the economic and trade interests of developing countries, formed under the auspices of the United Nations?
260 - When was the 'Group of 77', an economic group of the Third World countries to protect the economic and trade interests of developing countries, formed under the auspices of the United Nations?
1964
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