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MCQs

Total Questions : 10
Question 1.


Consider the following statements:
1.The sub prime crisis which hit the U.S. economy was caused by the sudden increase in oil prices.
2.The crisis led to default in home loan repayment
3.It led to the failure of some U.S. banks
4.Sub prime crisis caused crash in Indian stock markets.
Which of the statement/s given above is/are correct?


  1.     2,3 and 4
  2.     1 only
  3.     1,2,3 and 4
  4.     2 and 4
 Discuss Question
Answer: Option A. -> 2,3 and 4
:
A


Option: (a)


Question 2.


Which South Asian country has adopted Gross National Happiness as an index of the well-being of its citizens?


  1.     Bangladesh
  2.     Bhutan
  3.     Sri Lanka
  4.     Myanmar
 Discuss Question
Answer: Option B. -> Bhutan
:
B


Option: (b)


Question 3.


DSM under WTO is a mechanism for:


  1.     development service
  2.     derivatives sector
  3.     settlement of disputes
  4.     dangerous substances
 Discuss Question
Answer: Option C. -> settlement of disputes
:
C


Option: (c)


Question 4.


International capital flows have been uncertain and volatile, causing exchange rate and balance of payment crises among developing countries. Among the various sources of external capital available to which source would you consider as the most preferable?


  1.     Foreign institutional investment
  2.     Portfolio investment
  3.     External commercial borrowing
  4.     Foreign direct investment
 Discuss Question
Answer: Option D. -> Foreign direct investment
:
D


Option: (d)


Question 5.


Which of the following is not one of the four important capabilities focused by the Human Development Reports of UNDP?


  1.     To lead a long and healthy life
  2.     To contribute to a safe environment
  3.     To be knowledgeable
  4.     To have access to the resources needed for a decent standard of living
 Discuss Question
Answer: Option B. -> To contribute to a safe environment
:
B


Option: (b)


Question 6.


A country, which has successfully introduced financial discipline through a Fiscal Responsibility Act, is


  1.     Thailand
  2.     Mexico
  3.     New Zealand
  4.     Singapore
 Discuss Question
Answer: Option C. -> New Zealand
:
C


Option: (c)


Question 7.


The collapse of the former Soviet Union in 1990-91 had caused the loss of what percentage of our exports:


  1.     25
  2.     40
  3.     45
  4.     62
 Discuss Question
Answer: Option A. -> 25
:
A


Option: (a)


Question 8.


Comparison of GDPs does not give a clear picture of the relative development of countries. Which of the following is not an explanation for this?


  1.     The purchasing power of the same unit of currency may vary from country to country.
  2.     All high-income countries need not be developed countries.
  3.     Central bank's intervention in fixing the exchange rate may distort the true value of a currency.
  4.     Financial sector is not fully developed in many developing countries.
 Discuss Question
Answer: Option D. -> Financial sector is not fully developed in many developing countries.
:
D


Option: (d)


Question 9.


A significant victory for the developing countries on the issue of TRIPS at the Doha Meet was:


  1.     postponement of the issue of labor standards;
  2.     special dispensation for least developed countries;
  3.     power to grant exemption from patent regime in the interest of public health;
  4.     discussion on implementation issues.
 Discuss Question
Answer: Option C. -> power to grant exemption from patent regime in the interest of public health;
:
C


Option: (c)


Question 10.


Which of the following is not one of the International Development Targets of the Millennium Development Goals?


  1.     Reducing the number of persons living in extreme poverty by one half by 2015
  2.     Universal primary education by 2015
  3.     Reduction of infant and child mortality by 2/3rd by 2015
  4.     Reducing the total population by 1/3rd
 Discuss Question
Answer: Option D. -> Reducing the total population by 1/3rd
:
D


Option: (d)


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