World Economy
- What does S & P 500 relate to ?
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The S&P 500, or the Standard & Poor's 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
Correct Option: D
The S&P 500, or the Standard & Poor's 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
- Which one of the following countries has the highest share in the world export among the Asian countries ?
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China has the highest share in the world export among the Asian countries. It exports 27% of GDP as goods and Services. However, India export 24% of its GDP.
Correct Option: D
China has the highest share in the world export among the Asian countries. It exports 27% of GDP as goods and Services. However, India export 24% of its GDP.
- Which one of the following institutions is related with the Green / Blue Box subsidies ?
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In order to qualify for the "green box", a subsidy must not distort trade, or at most cause minimal distortion. These subsidies have to be government-funded (not by charging consumers higher prices) and must not involve price support. The blue box is an exemption from the general rule that all subsidies linked to production must be reduced or kept within defined minimal ("de minimis") levels. It covers payments directly linked to acreage or animal numbers, but under schemes which also limit production by imposing production quotas or requiring farmers to set aside part of their land.
Correct Option: D
In order to qualify for the "green box", a subsidy must not distort trade, or at most cause minimal distortion. These subsidies have to be government-funded (not by charging consumers higher prices) and must not involve price support. The blue box is an exemption from the general rule that all subsidies linked to production must be reduced or kept within defined minimal ("de minimis") levels. It covers payments directly linked to acreage or animal numbers, but under schemes which also limit production by imposing production quotas or requiring farmers to set aside part of their land.
- Which one of the following countries is the first borrower of fund from the International Monetary Fund ?
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France is the first borrower of fund from the International Monetary Fund. It borrowed funds from IMF on 8th May 1947.
Correct Option: B
France is the first borrower of fund from the International Monetary Fund. It borrowed funds from IMF on 8th May 1947.
- The capital of IMF is generated by contribution of the
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The capital of IMF is generated by contribution of the member nations. Each member of the IMF is assigned a quota, based broadly on its relative size in the world economy, which determines its maximum contribution to the IMF's financial resources. On joining the IMF, a country normally pays up to one-quarter of its quota in the form of widely accepted foreign currencies (such as the U.S. dollar, euro, yen, or pound sterling) or Special Drawing Rights (SDRs). The remaining three-quarters are paid in the country's own currency.
Correct Option: C
The capital of IMF is generated by contribution of the member nations. Each member of the IMF is assigned a quota, based broadly on its relative size in the world economy, which determines its maximum contribution to the IMF's financial resources. On joining the IMF, a country normally pays up to one-quarter of its quota in the form of widely accepted foreign currencies (such as the U.S. dollar, euro, yen, or pound sterling) or Special Drawing Rights (SDRs). The remaining three-quarters are paid in the country's own currency.