World Economy MCQ
Q31. By whom was the autonomous investment separated from induced investment
(A) Joan Robinson
(B) Adam Smith
(C) Schumpeter
(D) Malthus
Answer: (C) Schumpeter
Q32. The time element in price analysis was introduced by
(A) JS Mill
(B) JR Hicks
(C) JM Keynes
(D) Alfred Marshall
Answer: (D) Alfred Marshall
Q33. Human Development Index (HDI) is a composite indicator of
(A) Income, Health and Education
(B) Income, Health and Trade
(C) Health, Education and Nutrition
(D) None of the above
Answer: (A) Income, Health and Education
Q34. Which one of the following institution was replaced by World Trade Organization (WTO)
(A) UNCTAD
(B) GATT
(C) IBRD
(D) IDA
Answer: (B) GATT
Q35. Which one is the first country in the world to implement GST
(A) USA
(B) Canada
(C) France
(D) Thailand
Answer: (C) France
Q36. Which country has dual model of GST implemented
(A) Canada
(B) UK
(C) Germany
(D) USA
Answer: (A) Canada
Q37. The ‘Ease of Doing Business Index’ is prepared and published by
(A) World Trade Organization
(B) World Bank Group
(C) United Nations
(D) European Nations
Answer: (B) World Bank Group
Q38. Which one of the following is not a trade block
(A) SAPTA
(B) EFTA
(C) OPEC
(D) UPEC
Answer: (D) UPEC
Q39. The WTO basically promotes
(A) financial support
(B) global peace
(C) unilateral trade
(D) multilateral trade
Answer: (D) multilateral trade
Q39. The Lorenz curve is a measure of
(A) poverty
(B) income inequalities
(C) inflation rate
(D) tax structure
Answer: (B) income inequalities
Q40. Which institution is known as "Soft Loan Window" of World Bank
(A) IDBI
(B) IDA
(C) IMF
(D) RBI
Answer: (B) IDA
Q41. Which institution publish the "World Economic Outlook" report
(A) United Nation
(B) IMF
(C) World Bank
(D) IDA
Answer: (B) IMF
Q42. "Green Index" has been developed by
(A) United Nation Environment Programme
(B) International Monetary Fund
(C) World Bank
(D) None of the above
Answer: (A) United Nation Environment Programme
Q43. The word budget is synonymous to "bougette" of which language
(A) Latin
(B) Greek
(C) French
(D) Hebrew
Answer: (C) French
Q44. Which index for the United Nations was developed by the Indian economist Amartya Sen and Pakistani economist Mahbub ul Haq
(A) Human Development Index
(B) Gross Domestic Product
(C) Genuine Progress Indicator
(D) Sustainable Development Index
Answer: (A) Human Development Index
Q45. ‘The Third Window’ is a term associated with
(A) IMF
(B) OAE
(C) ECAFE
(D) World Bank
Answer: (D) World Bank
Practice Test Exam