Mega Quiz (Economics)

Q 1:World Bank’s main criterion for classifying economies is ?
per capita income
population
HDI

Q 2:What criterion is used by the UNDP for measuring development?

GDP
Human Development Index (HDI)
Gross national happiness

Q 3:In September ...., 189 member states of the United Nations came together at the Millennium Summit and adopted the Millennium Declaration, including commitments to poverty eradication, development, and protecting the environment.
2010
2005
2000

Q 4:According to Human Development Report members 2009 - HDI rankings who ranks first?
Norway
Australia
Iceland

Q 5:The WTO’s top level decision-making body is the ........................ which meets at least once every two years.
General Council
Ministerial Conference
Goods Council

Q 6:The WTO Secretariat, based in ..........., has around 600 staff and is headed by a director-general.
Paris
New York
Geneva

Q 7:The Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement administered by the .......that sets down minimum standards for many forms of intellectual property (IP).
WTO
World Bank
UNO

Q 8:A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI).The world's first BIT was signed on November 25, 1959 between?
Ind,US
Pak,Germany
France,Aus

Q 9:A Trade and Investment Framework Agreement (or TIFA) is a trade pact which establishes a framework for expanding trade and resolving outstanding disputes between countries.The United States and ASEAN concluded the U.S.-ASEAN Trade and Investment Arrangement (TIFA) in .........
1996
2000
2006

Q 10:Customs duties on merchandise imports are called ..........
tariffs
Ad valorem tax
VAT

Q11:An international body set up in 1947 to probe into the ways and means of reducing tariffs on internationally traded goods and services.Name it?
GATT
ITO
WTO

Q12:The Marrakech Agreement was an agreement signed in Marrakech, Morocco, in 1994. The agreement established the...............?

APEC
WTO
ASEAN

Q 13:The NSE India is the National Stock Exchange of India. In ....., the government of India authorized its establishment.
1994
1995
1992

Q 14:........is the oldest stock exchange in Asia and has the third largest number of listed companies in the world, with 4900 listed as of Feb 2010.
BSE
NSE
TSE

Q15:...........is also often referred to as 'Big Board'.
BSE
NYSE
LSE

Q 16:London Stock Exchange (LSE) set up in ...... is based in London, UK. It is among the world's largest and oldest stock exchanges.
1813
1818
1801

Q 17:............is also known as equity market and can be either public or private.
Stock Market
Commodity Market
Free Market

Q 18:................operate under ‘laissez-faire’ conditions, in that the government does not intervene in how the market operates.
Capital Maret
Free Market
Bond Market

Q 19:Total demand of goods and services in a country’s economy at a given period of time with certain price level is meant as...............
Cross demand
Price demand
Aggregate Demand

Q20:In 1968 .................. the Sweden's central bank introduced Nobel Prize in Economics Science in memory of Alfred Nobel. The first prize in econimics science was awarded to Ragnar Frisch and Jan Tinbergen in the year 1969.


Sveriges Riksbank
Svenska Handelsbanken
Merita Nordbanken Group

Q 21:Amartya Sen won the Nobel Prize in Economics in the year .... for his contributions to welfare economics.
1998
1990
1995

Q 22:A Treatise on Probability (1921), A Treatise on Money (1930) ,A Tract on Monetary Reform (1923) ,Severe criticism of the peace treaty of Versailles (1919)are works of which economist?

Adam Smith
J. M. Keyne
Milton Friedman

Q 23:.................... was the pioneer of political economy. His ‘Wealth of Nations’ is considered the first modern work of economics.
Milton Friedman
J. M. Keyne
Adam Smith

Q 24:..........was established on Apr 1, 1935 with a capital of Rs.5 crore. This capital of Rs.5 crore was divided into 5 lakh equity shares of Rs.100 each. In the beginning, the ownership of almost all the share capital was with the non-government share-holders.
RBI
SEBI
SBI

Q 25:Indian Green Revolution is associated with the use of HYVS (High Yielding Variety Seeds), chemical fertilizers and new technology which led to a sharp rise in agricultural production during the middle of .........
1940
1960
1980