McqMate
| 1. |
What is meant by Mix Economy? |
| A. | co-existence of public sector along with private sector |
| B. | Equal promotion of agriculture and industry. |
| C. | It is controlled only by heavy industry |
| D. | It is controlled by military as well as civilian |
| Answer» A. co-existence of public sector along with private sector | |
| 2. |
The economy planning of India cannot be said to be _______. |
| A. | Imperative |
| B. | Limited |
| C. | Restricted |
| D. | emblematic |
| Answer» A. Imperative | |
| 3. |
The task of Planning Commission of India is _________. |
| A. | Backing up the plan |
| B. | Preparation of the plan |
| C. | monetisation the plan |
| D. | None of the above |
| Answer» B. Preparation of the plan | |
| 4. |
The book ‘Planned Economy for India‘ was written by which of the following author? |
| A. | Dr.AmartySen |
| B. | Jawaharlal Nehru |
| C. | M Visvesvarya |
| D. | Indira Gandhi |
| Answer» C. M Visvesvarya | |
| 5. |
How agriculture contributing to the India economy? |
| A. | It helps Increasing |
| B. | It helps decreasing |
| C. | It has no contribution |
| D. | None of the above |
| Answer» A. It helps Increasing | |
| 6. |
In which year National Development Council was set up? |
| A. | 1949 |
| B. | 1955 |
| C. | 1951 |
| D. | 1952 |
| Answer» D. 1952 | |
| 7. |
Which of the following option regarding Indian economy is correct? |
| A. | It is a subject in the Union List. |
| B. | It is a subject in the Concurrent List. |
| C. | It is a subject in the State List. |
| D. | It is not specified in any special list. |
| Answer» A. It is a subject in the Union List. | |
| 8. |
What is the factor that government depends on for financing the Five Year Plan? |
| A. | Only taxation |
| B. | Public borrowing |
| C. | deficit financing |
| D. | both public borrowing and deficit |
| Answer» A. Only taxation | |
| 9. |
From which of the following commission The National Development Commission get its administrative support? |
| A. | Census Commission |
| B. | Planning Commission |
| C. | Competition Commission of India |
| D. | Finance Commission |
| Answer» B. Planning Commission | |
| 10. |
How the Five Year Plan of India intend to develop the country’s industrially? |
| A. | Through the public sector |
| B. | Through the private sector |
| C. | through the collaboration with Non-resident Indian. |
| D. | Through public, private, joint and Cooperative sectors |
| Answer» D. Through public, private, joint and Cooperative sectors | |
| 11. |
What is meant by ‘Take off stage‘ in an economy? |
| A. | It means steady growth begins. |
| B. | it means economy is stagnant |
| C. | It means all controls are remov |
| Answer» A. It means steady growth begins. | |
| 12. |
Who publish the Economy Survey of India? |
| A. | Minister of Finance. |
| B. | Minister of External Affairs |
| C. | Minister of Home Affairs |
| D. | Minister Of Commerce and Industry |
| Answer» A. Minister of Finance. | |
| 13. |
What percentage of population of India are engaged in primary sector? |
| A. | 50% |
| B. | 60% |
| C. | 70% |
| D. | 65% |
| Answer» C. 70% | |
| 14. |
What is the definition of sex ratio? |
| A. | Number of deaths per 1,000 live births of children |
| B. | Number of women per 1000 men |
| C. | Number of women per 100000 men |
| D. | Number of men per 1000 women |
| Answer» B. Number of women per 1000 men | |
| 15. |
Which age group is included to calculate Child Sex Ratio? |
| A. | 1-6 years |
| B. | 0-5 years |
| C. | 0-6 years |
| D. | 0- 6 months |
| Answer» C. 0-6 years | |
| 16. |
According to the latest data released by the NITI Aayog in 2016; What is the Infant Mortality Rate in India in 2016? |
| A. | 42 per 1000 live births |
| B. | 34 per 1000 live births |
| C. | 29 per 1000 live births |
| D. | 54 per 1000 live births |
| Answer» B. 34 per 1000 live births | |
| 17. |
Which of the following characteristics are most likely found in developing countries? |
| A. | high population growth rates. |
| B. | large number of people living in poverty. |
| C. | very traditional methods of agricultural production. |
| D. | all of the above |
| Answer» D. all of the above | |
| 18. |
Which of the following could not be considered a major economic system? |
| A. | capitalism. |
| B. | communism. |
| C. | socialism. |
| D. | physical quality of life index. |
| Answer» D. physical quality of life index. | |
| 19. |
Which of the following did Mahatma Gandhi, non-violent politician and leader of India’s nationalist movement, not advocate? |
| A. | village economic development. |
| B. | handicraft production and labor-intensive technology. |
| C. | centralized decision making. |
| D. | reduction of material wants. |
| Answer» C. centralized decision making. | |
| 20. |
Which of the following statement is not true about LDCs? |
| A. | Most LDCs have less than 1/10 the per capita GNP of the U.S. |
| B. | A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S. |
| C. | Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible. |
| D. | Most LDCs have a greater shortage of qualified teachers than the U.S. does. |
| Answer» C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible. | |
| 21. |
Which of the following is not one of the Newly Industrialized Countries (NICs)? |
| A. | Japan |
| B. | South Korea |
| C. | Taiwan |
| D. | Singapore |
| Answer» A. Japan | |
| 22. |
Longevity is a proxy for ___________ in the Human Development Index |
| A. | health and nutrition. |
| B. | living standard |
| C. | infant mortality |
| D. | Purchasing Power Parity |
| Answer» A. health and nutrition. | |
| 23. |
The Human Development Index (HDI) summarizes a great deal of social performance in a single composite index, combining |
| A. | disparity reduction rate, human resource development rate and the composite index. |
| B. | longevity, education and living standard. |
| C. | minimum schooling, adult literacy and tertiary educational attainment. |
| D. | human resource training, development and R&D. |
| Answer» A. disparity reduction rate, human resource development rate and the composite index. | |
| 24. |
Infant mortality |
| A. | is defined as the annual number of deaths of infant under 1 year old per 1,000 live births. |
| B. | reflects the availability of primary education, the rights of employment and social security. |
| C. | is life expectancy up to age 3. |
| D. | reflects the availability of hospitals and childcare facilities, and the parents’ wealth. |
| Answer» A. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births. | |
| 25. |
Which of the following is not a problem in comparing developed and developing countries’ GNP? |
| A. | GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods |
| B. | The economic contribution of a housewife in a peasant family may not be measured in GNP in poor country. |
| C. | GNP is understated for developing countries since many of their labor-intensive good have no impact on exchange rate since they are not trad |
| Answer» A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods | |
| 26. |
The bourgeoisie refers to |
| A. | the monarchy. |
| B. | the central planners of the Soviet Union. |
| C. | the capitalist and middle class. |
| D. | the aristocrats of wealthy nations. |
| Answer» C. the capitalist and middle class. | |
| 27. |
ASEAN refers to the |
| A. | Association of South East Agro Nations. |
| B. | Association of South East Asian Nations. |
| C. | Alliance of South East Asian Neighbors. |
| D. | Alliance of South Eastern African Nations. |
| Answer» B. Association of South East Asian Nations. | |
| 28. |
A dual economy is distinguished from other economies by having |
| A. | an industrial sector and a manufacturing sector. |
| B. | a traditional agricultural sector and a modern industrial sector. |
| C. | state ownership of the means of production. |
| D. | an industrial sector that concentrates on manufacturing and construction. |
| Answer» B. a traditional agricultural sector and a modern industrial sector. | |
| 29. |
Increases in real GNP per capita occur when |
| A. | government programs direct resources away from investment goods to consumer goods. |
| B. | tariffs and quotas prevent countries from trading and thus prevent dollars from leaving the country. |
| C. | the rate of growth of real GNP is greater than the rate of growth of population. |
| D. | the level of consumption expenditures rises relative to the level of saving. |
| Answer» C. the rate of growth of real GNP is greater than the rate of growth of population. | |
| 30. |
What is gross domestic product (GDP)? |
| A. | income earned through foreign exchange. |
| B. | the number of dollars earned in industry. |
| C. | income earned within a country’s boundaries. |
| D. | goods received from the nation’s local residents. |
| Answer» C. income earned within a country’s boundaries. | |
| 31. |
Increases in real GNP per capita occur when |
| A. | government programs direct resources away from investment goods to consumer goods. |
| B. | tariffs and quotas prevent countries from trading and thus prevent dollars from leaving each country. |
| C. | the rate of growth in real GNP is greater than the rate of growth in the population. |
| D. | the level of consumption expenditures rises relative to the level of saving. |
| Answer» C. the rate of growth in real GNP is greater than the rate of growth in the population. | |
| 32. |
Which of the following is not a requirement for economic development? |
| A. | a temperate climate. |
| B. | natural resources. |
| C. | an adequate capital base. |
| D. | technological advance. |
| Answer» A. a temperate climate. | |
| 33. |
The informal sector includes
|
| A. | I and II only |
| B. | III and IV only |
| C. | IV only |
| D. | I, II, III and IV |
| Answer» D. I, II, III and IV | |
| 34. |
One criticism of Rostow's theory of economic growth is that |
| A. | much available data contradicts his thesis about the takeoff stage. |
| B. | there is no explanation of why growth occurs after takeoff. |
| C. | his hypothesis of the stages of growth is difficult to test empirically. |
| D. | all of the above are correct. |
| Answer» D. all of the above are correct. | |
| 35. |
Criticisms of Rostow's stages of development include |
| A. | the difficulty of testing the stages scientifically. |
| B. | conditions for takeoff are contradicted by historical evidence. |
| C. | characteristics of one stage are not unique to that stage. |
| D. | all of the above are correct. |
| Answer» D. all of the above are correct. | |
| 36. |
Rostow's economic stages are |
| A. | the preconditions for takeoff, the takeoff, the drive to maturity, and the age of creative destruction. |
| B. | the traditional society, the preconditions for takeoff, the takeoff, the drive to maturity, and the age of high mass consumption. |
| C. | the preconditions for consumption, the replication, the drive to maturity, and the age of high mass consumption. |
| D. | the learning curve, the age of high mass consumption, post-takeoff, and the drive to maturity. |
| Answer» B. the traditional society, the preconditions for takeoff, the takeoff, the drive to maturity, and the age of high mass consumption. | |
| 37. |
For Rosenstein-Rodan a major indivisibility is in |
| A. | supply. |
| B. | infrastructure. |
| C. | agriculture. |
| D. | services. |
| Answer» B. infrastructure. | |
| 38. |
A major dependency theorist, Andre Gunder Frank suggests that the following economic activities have contributed to underdevelopment:
|
| A. | I and II only. |
| B. | II and III only. |
| C. | I, II and III only. |
| D. | I, II, III and IV. |
| Answer» C. I, II and III only. | |
| 39. |
Industrialization |
| A. | causes development. |
| B. | is positively related to development. |
| C. | is inversely related to development. |
| D. | inhibits development. |
| Answer» B. is positively related to development. | |
| 40. |
Frank (1967) made the claim that 'underdeveloped' societies were: |
| A. | insufficiently involved in the international capitalist economy |
| B. | reluctant to surrender their traditional ways of life |
| C. | economically dependent on the wealthy countries that exploited them |
| D. | the 'metropoles' to which 'satellite' countries were attached |
| Answer» C. economically dependent on the wealthy countries that exploited them | |
| 41. |
Which of the following is not a feature of globalization? |
| A. | An increasing awareness of the world as a whole |
| B. | the extended power of nation states |
| C. | the destruction of distance through communications technologies |
| D. | the stretching of social relations beyond national boundaries |
| Answer» B. the extended power of nation states | |
| 42. |
The capitalist world economy is what Wallerstein (1974) would call a 'world system'. This term refers to: |
| A. | a means of transporting money between different areas of a country |
| B. | an empire with a bureaucratic administration but no political centre |
| C. | an awareness of risks and dangers that affect the environment as a whole |
| D. | a unit with a division of labour that extends across ethnic and cultural groups |
| Answer» D. a unit with a division of labour that extends across ethnic and cultural groups | |
| 43. |
The use of 'indentured labour' in the nineteenth century involved: |
| A. | people being transported to the British colonies and forced to work for one employer under poor conditions |
| B. | the sale of African people through the slave trade in the 'Atlantic triangle' |
| C. | selecting the most skilled workers in factories to promote their employer's company overseas |
| D. | extracting the teeth of the laziest workers to stop them from talking |
| Answer» A. people being transported to the British colonies and forced to work for one employer under poor conditions | |
| 44. |
War became possible between nation states in the nineteenth century because: |
| A. | the world was divided into several rival overseas empires |
| B. | industrialization provided better transport, technology and administration |
| C. | there was intense economic, political and military competition |
| D. | all of the above |
| Answer» D. all of the above | |
| 45. |
Economic aid has largely failed to promote modernization in the developing countries because: |
| A. | there are no clearly defined projects into which the money can be directed |
| B. | the United Nations has refused to call on rich countries to provide it |
| C. | debt repayments with interest can be greater than the amount of money received |
| D. | debt repayments with interest can be greater than the amount of money received |
| Answer» C. debt repayments with interest can be greater than the amount of money received | |
| 46. |
The term 'over-urbanization' means that: |
| A. | life in modern Western cities is so far removed from that of the Third World that we find it difficult to understand these societies |
| B. | in poorer countries, the rapidly developing cities drain resources from the rural areas |
| C. | the extent to which urbanization affects development has been exaggerated |
| D. | governments are so preoccupied with urbanization in the West that they forget to attend to problems in the Third World |
| Answer» B. in poorer countries, the rapidly developing cities drain resources from the rural areas | |
| 47. |
Which of the following is not a consequence of global tourism? |
| A. | decreased rates of prostitution and sex tourism |
| B. | developing countries can depend on it as a crucial source of income |
| C. | the exploitation of cheap, unregulated labour in poor countries |
| D. | we have become more aware of 'other' societies and ways of living |
| Answer» A. decreased rates of prostitution and sex tourism | |
| 48. |
Environmentalist social movements are global in the sense that: |
| A. | they increase our awareness of risks that affect the whole planet |
| B. | they appeal to universal values and human rights |
| C. | they use global media to generate publicity |
| D. | all of the above |
| Answer» D. all of the above | |
| 49. |
Which of the following is an example of development in a country? |
| A. | an increase in population |
| B. | an increase in agricultural production |
| C. | the expansion of an existing industry |
| D. | the extension of the electricity grid into previously unconnected rural areas |
| Answer» D. the extension of the electricity grid into previously unconnected rural areas | |
| 50. |
The Gross Domestic Product is: |
| A. | the total value of industrial production in a country in a year |
| B. | the total value of goods and services produced by a country in a year |
| C. | the value of agricultural production in a country in a year |
| D. | the combined value of imports and exports for a country |
| Answer» B. the total value of goods and services produced by a country in a year | |
| 51. |
The country with the highest GNI (PPP) per capita in 2006–07 was: |
| A. | Luxembourg |
| B. | Singapore |
| C. | Switzerland |
| D. | Norway |
| Answer» A. Luxembourg | |
| 52. |
Which of the following is not part of the Human Development Index? |
| A. | infant mortality |
| B. | life expectancy |
| C. | educational attainment |
| D. | GDP per capita |
| Answer» A. infant mortality | |
| 53. |
According to the Human Development Report 2009, the country with the highest human development (in 2007) was: |
| A. | Canada |
| B. | Norway |
| C. | Japan |
| D. | Australia |
| Answer» B. Norway | |
| 54. |
Which world region has the lowest levels of human development? |
| A. | Asia |
| B. | Africa |
| C. | South and Central America |
| D. | Europe |
| Answer» B. Africa | |
| 55. |
The concept of least developed countries was first identified by the United Nations in: |
| A. | 1958 |
| B. | 1968 |
| C. | 1978 |
| D. | 1988 |
| Answer» B. 1968 | |
| 56. |
How many countries were identified as LDCs by The Least Developed Countries Report 2009? |
| A. | 19 |
| B. | 29 |
| C. | 39 |
| D. | 49 |
| Answer» D. 49 | |
| 57. |
Most of the world’s LDCs are located in: |
| A. | Sub-Saharan Africa |
| B. | Asia |
| C. | South America |
| D. | Europe |
| Answer» A. Sub-Saharan Africa | |
| 58. |
One of the first countries to be classed as a newly industrialised country was: |
| A. | India |
| B. | China |
| C. | South Korea |
| D. | the Philippines |
| Answer» C. South Korea | |
| 59. |
An economy that grows very rapidly is often referred to as a: |
| A. | lion economy |
| B. | cheetah economy |
| C. | puma economy |
| D. | tiger economy |
| Answer» D. tiger economy | |
| 60. |
The number of deaths of children under one year of age per 1000 live births is the: |
| A. | child mortality rate |
| B. | infant mortality rate |
| C. | toddler mortality rate |
| D. | neo-natal mortality rate |
| Answer» B. infant mortality rate | |
| 61. |
The highest average rate of infant mortality is in: |
| A. | South America |
| B. | Central America |
| C. | Asia |
| D. | Africa |
| Answer» D. Africa | |
| 62. |
TheGini coefficient is a technique frequently used to show: |
| A. | variations in life expectancy |
| B. | income inequality |
| C. | differences in infant mortality |
| D. | the education gap |
| Answer» B. income inequality | |
| 63. |
A graphical technique that can be used to show the degree of inequality that exists between two variables is the: |
| A. | Lorenz curve |
| B. | median-line bar graph |
| C. | Kuznets curve |
| D. | semantic differential profile |
| Answer» A. Lorenz curve | |
| 64. |
The theory of cumulative causation is credited to: |
| A. | Dicken |
| B. | Waters |
| C. | Harvey |
| D. | Myrdal |
| Answer» D. Myrdal | |
| 65. |
The most highly populated region in Brazil is the: |
| A. | South |
| B. | South-east |
| C. | North-east |
| D. | North |
| Answer» B. South-east | |
| 66. |
The city with the highest population in Brazil is: |
| A. | Rio de Janeiro |
| B. | Brasilia |
| C. | São Paulo |
| D. | Belo Horizonte |
| Answer» C. São Paulo | |
| 67. |
Which theory was popularised by Immanuel Wallerstein? |
| A. | modernisation theory |
| B. | world system theory |
| C. | dependency theory |
| D. | globalisation theory |
| Answer» B. world system theory | |
| 68. |
How many Millennium Development Goals have been set to be achieved by 2015? |
| A. | 4 |
| B. | 8 |
| C. | 12 |
| D. | 16 |
| Answer» B. 8 | |
| 69. |
Approximately how many people died of malaria worldwide in 2006? |
| A. | 250 000 |
| B. | 500 000 |
| C. | 750 000 |
| D. | 1 000 000 |
| Answer» D. 1 000 000 | |
| 70. |
The number of people newly infected with HIV peaked in: |
| A. | 1990 |
| B. | 1996 |
| C. | 2000 |
| D. | 2006 |
| Answer» B. 1996 | |
| 71. |
In 2005 the difference in the maternal mortality rate between the developed and developing regions of the world was: |
| A. | 9 : 150 |
| B. | 9 : 250 |
| C. | 9 : 350 |
| D. | 9 : 450 |
| Answer» D. 9 : 450 | |
| 72. |
Oxfam is an example of: |
| A. | an NGO |
| B. | a TNC |
| C. | a trade bloc |
| D. | a UN agency |
| Answer» A. an NGO | |
| 73. |
Aid supplied by a donor country whereby the level of technology is properly suited to the conditions in the receiving country is known as: |
| A. | low technology |
| B. | suitable technology |
| C. | appropriate technology |
| D. | sustainable technology |
| Answer» C. appropriate technology | |
| 74. |
Foreign aid that has to be spent in the country providing the aid is called: |
| A. | strings aid |
| B. | ropes aid |
| C. | commented aid |
| D. | tied aid |
| Answer» D. tied aid | |
| 75. |
Creating a World without Poverty was written by: |
| A. | Muhammad Yunus |
| B. | Shiva Naipaul |
| C. | Vladimir Nabokov |
| D. | Isaac Asimov |
| Answer» A. Muhammad Yunus | |
| 76. |
The capital of Mauritania is: |
| A. | Tichet |
| B. | Nouakchott |
| C. | Atar |
| D. | Nouadhibou |
| Answer» B. Nouakchott | |
| 77. |
Mauritania has a population of approximately: |
| A. | 2.4 million |
| B. | 10.4 million |
| C. | 20.4 million |
| D. | 30.4 million |
| Answer» A. 2.4 million | |
| 78. |
Mauritania’s main export is: |
| A. | zinc |
| B. | iron ore |
| C. | copper |
| D. | bauxite |
| Answer» B. iron ore | |
| 79. |
Which three indicators are used in the Human Development Index (HDI)?
|
| A. | Only I,II& IV |
| B. | Only I, II, & III |
| C. | Only I & II |
| D. | All of the above |
| Answer» B. Only I, II, & III | |
| 80. |
Who releases the Human Development Report? |
| A. | World bank |
| B. | World economic forum |
| C. | United Nations |
| D. | UNCTAD |
| Answer» C. United Nations | |
| 81. |
Who secured the top rank in The Human Development Report 2018? |
| A. | Sweden |
| B. | Norway |
| C. | Switzerland |
| D. | Austria |
| Answer» B. Norway | |
| 82. |
Who secured the lowest rank in The Human Development Report 2018? |
| A. | Afghanistan |
| B. | Congo |
| C. | Niger |
| D. | Kenya |
| Answer» C. Niger | |
| 83. |
What is the rank of India in the Human Development Index 2018? |
| A. | 142nd |
| B. | 136th |
| C. | 140th |
| D. | 130th |
| Answer» D. 130th | |
| 84. |
When was the Gender Inequality Index (GII) introduced? |
| A. | 2010 |
| B. | 2011 |
| C. | 1999 |
| D. | 2005 |
| Answer» A. 2010 | |
| 85. |
Who invented the Human development Index? |
| A. | Paul krugman |
| B. | Mahbub –ulHaq |
| C. | Jean dreze |
| D. | Alfred marshal |
| Answer» B. Mahbub –ulHaq | |
| 86. |
Who releases the Multidimensional Poverty Index (MPI)? |
| A. | World Bank |
| B. | World Economic Forum |
| C. | UNDP |
| D. | Asian Development Bank |
| Answer» C. UNDP | |
| 87. |
Which of the following index is not released by the UNDP? |
| A. | Human Development Index |
| B. | Multidimensional Poverty Index |
| C. | Gender Inequality Index |
| D. | Environmental Quality Index |
| Answer» D. Environmental Quality Index | |
| 88. |
Which statement depicts the best definition of sustainable development? |
| A. | It means optimal utilization of natural resources. |
| B. | Sustainable use of natural resources without considering the need of the future generation. |
| C. | Present generation fulfills its needs while considers the needs of the future generation as well. |
| D. | None of these |
| Answer» C. Present generation fulfills its needs while considers the needs of the future generation as well. | |
| 89. |
General Agreement on Tariffs and Trade (GATT) went into effect? |
| A. | 1945 |
| B. | 1948 |
| C. | 1946 |
| D. | 1947 |
| Answer» B. 1948 | |
| 90. |
GATT was originally signed by how many countries including the USA? |
| A. | 22 |
| B. | 20 |
| C. | 23 |
| D. | 25 |
| Answer» C. 23 | |
| 91. |
Name the agreement which was signed by the United States. Canada and Mexico towards removing trade barriers? |
| A. | SEATO |
| B. | CENTO |
| C. | NAFTA |
| D. | None of them |
| Answer» C. NAFTA | |
| 92. |
When was GATT replaced with WTO? |
| A. | 1994 |
| B. | 1992 |
| C. | 1995 |
| D. | 1993 |
| Answer» C. 1995 | |
| 93. |
When did World Trade Organisation come into effect? |
| A. | February 5, 1994 |
| B. | January 1, 1995 |
| C. | March 6, 1996 |
| D. | April 8, 1994 |
| Answer» B. January 1, 1995 | |
| 94. |
By the backing of how many founder members was WTO established? |
| A. | 80 |
| B. | 82 |
| C. | 85 |
| D. | 84 |
| Answer» C. 85 | |
| 95. |
WTO comes as the third economic pillar of world-wide dimensions along with the World Bank and ___________? |
| A. | International Monetary Funds (IMF) |
| B. | international Economic Association (IEA) |
| C. | International Funding Organisation (IFO) |
| D. | International Development Bank (IDB) |
| Answer» A. International Monetary Funds (IMF) | |
| 96. |
Which of the following is the main objective behind the establishment of WTO? |
| A. | To settle disputes between nations |
| B. | To widen the principle of free trade to sectors such as services and agriculture |
| C. | To cover more areas than GATT |
| D. | All of them |
| Answer» D. All of them | |
| 97. |
Which of the following is the headquarters of World Trade Organisation (WTO)? |
| A. | Paris |
| B. | New York |
| C. | Geneva |
| D. | Madrid |
| Answer» C. Geneva | |
| 98. |
China became a member of world trade Organization in_________? |
| A. | 1945 |
| B. | 1960 |
| C. | 1990 |
| D. | 2001 |
| Answer» D. 2001 | |
| 99. |
How many countries are the current members of WTO? |
| A. | 181 |
| B. | 191 |
| C. | 161 |
| D. | 123 |
| Answer» C. 161 | |
| 100. |
When did Pakistan join the WTO? |
| A. | January 1, 1995 |
| B. | February 1, 1995 |
| C. | January 1, 2001 |
| D. | Pakistan is not a member |
| Answer» A. January 1, 1995 | |
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