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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on International Organisations and Human Development

Q1 | Voting rights in the IMF are distributed on the basis of: [CDS 1993]
  • one country, one vote
  • proportion to the share of the income of the country in the world income
  • proportion to contributions given by each country
  • proportion to quota alloted to countries from time to time
Q2 | World Development Report" is an annual publication of: [IAS 2002]
  • United Nations Development Programme
  • International Bank of Reconstruction and Development
  • World Trade Organisation
  • International Monetary Fund
Q3 | Special Drawing Rights (SOR) facility is available at : [SSC Graduate 2003]
  • International Monetary Fund (IMF)
  • World Bank (IBRD)
  • International Development Association (lDA)
  • Organisation of Economic Cooperation and Development (OECD)
Q4 | PIIGS is the group of nations falling under........ [RBI Grade B Officer 2011]
  • Euro zone
  • Asia Pacific
  • SAARC
  • NATO
Q5 | As we all know rise of the 'BRICS' has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of 'Rise of the BRICS' on global/other powerful economy/ economies? [Punjab & Sindh Bank 2011] (A) Countries like China wish to learn more about outsourcing from India. (B) It has made countries to suffer from Sub-prime Crisis. (C) EURO has become a powerful currency and many non-Euro countries are in 'Swap Agreement' with various nations.
  • Only A
  • Only B
  • Only C
  • None of these
Q6 | Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions? [Punjab & Sindh Bank 2011] (A) Providing subsidy to agriculture. (B) Export of patented drugs/medicines by developed nations. (C) Restriction on natural movement of people from one nation to other.
  • Only A
  • Only B
  • Only C
  • Both A and C
Q7 | Which of the following names/terms is NOT associated with the World Trade Organization (WTO)? [Punjab & Sindh Bank 2011]
  • UNCTAD
  • GATI
  • GATS
  • SEWA
Q8 | The International Development Association, a lending agency, is administered by the [IAS 2010]
  • International Bank for Reconstruction and Development
  • International Fund for Agricultural Development
  • United Nations Development Programme
  • United Nations Industrial Development Organization
Q9 | Consider the following countries: 1. Brazil 2. Mexico 3. South Africa According to UNCTAD, which of the above is/are categorized as "Emerging Economies"? [IAS 2010]
  • 1 only
  • 1 and 3 only
  • 2 and 3 only
  • 1, 2 and 3
Q10 | Which one of the following is not related to United Nations? [IAS 2010]
  • Multilateral Investment Guarantee Agency
  • International Finance Corporation
  • International Centre for Settlement of Investment Disputes
  • Bank for International Settlements
Q11 | With reference to BRIC countries, consider the following statements: 1. At present, China's GDP is more than the combined GDP of all the three other countries. 2. China's population is more than the combined population of any two other countries. Which of the statements given above is/are correct? [IAS 2010]
  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1 nor 2
Q12 | Which one among the following is not a clause of World Trade Organization? [CDS 2012]
  • Most favoured nation. treatment
  • Lowering trade barriers with negotiations
  • Providing financial support to the countries having deficit balance of payments
  • Discouraging unfair trade practices such as antidumping and export subsidies
Q13 | Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition. SDR is a monetary unit of the reserve assets of which of the following organizations/agencies? [SBI PO 2010]
  • World Bank
  • International Monetary Fund (IMF)
  • Asian Development Bank
  • Reserve Bank of India
Q14 | Regarding the International Monetary Fund, which one of the following statements is correct? [CSAT 2011]
  • It can grant loans to any country
  • It can grant loans to only developed countries
  • It grants loans to only member countries
  • It can grant loans to the central bank of a country
Q15 | Human Development Index comprises literacy rates, life expectancey at birth and: [IAS 1997]
  • gross domestic product per head in the US dollars
  • gross domestic product per head at real purchasing power
  • gross national product in US dollars
  • national income per head in US dollars
Q16 | Which one of the following is not a member of Organization of the Petroleum Exporting Countries (OPEC)? [Asstt Comm 2008]
  • Algeria
  • Brazil
  • Ecuador
  • Nigeria
Q17 | The earlier name of the WTO was:
  • UNIDO
  • UNCTAD
  • OECD
  • GATT
Q18 | The World Bank and IMF gives respectively:
  • long term and short term credits
  • short term and long term credits
  • both long term credits
  • both short term credits
Q19 | Which of these are nicknamed 'Bretton Woods Twins' ? 1. IDA 2. IMF 3. IBRD 4. WTO
  • 1and 4
  • 2and 4
  • 3 and 4
  • 2 and 3
Q20 | Which country is the largest debtor of UNO?
  • India
  • Mexico
  • Japan
  • U.S.
Q21 | Which of the following pairs are correctly matched? 1. Dow Jones: New York 2. Hang Seng: Seoul 3. FTSE-100:London Select the correct answer using the codes given below: [IAS 1998]
  • 1, 2 and 3
  • 2 and 3
  • 1 and 2
  • 1 and 3
Q22 | Low productivity of agriculture in India is not caused by:
  • inadequate availability of inputs
  • subdivision of land holdings
  • less area under cultivation
  • poor finance facilities
Q23 | The per capita foodgrains consumption:
  • has fallen steadily over the years
  • has fluctuated
  • has remained stagnant
  • has risen very slowly
Q24 | Highest milk producer in India is :
  • U.P.
  • Gujarat
  • Punjab
  • Haryana