World Economy General knowledge Questions

9. Which of the following factors is taken into account to calculate theBalance of Payment (BOP) of a country?
  A.  Current Account
  B.  Changes in the Foreign Exchange Reserves
  C.  Errors and Omissions
  D.  All of the above
Answer
Ans: D
All of the above
10. The representation of the relationship between possible rates of taxation and the resulting levels of government revenue is called
  A.  Griffin Curve
  B.  Laffer Curve
  C.  Gini’s Curve
  D.  Philips Curve
Answer
Ans: B
Laffer Curve
11. Which one of the following is the correct sequence of the countries having foreign Exchange Reserve from high to low?
  A.  France-China-Russia-India
  B.  China-France-India-Russia
  C.  China-Russia-India-France
  D.  France-China-India-Russia
Answer
Ans: C
China-Russia-India-France
12. India is not a member of which of the following?
  A.  SAARC
  B.  WTO
  C.  SAFTA
  D.  CIS
Answer
Ans: D
CIS
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