Tag: history

Questions Related to history

Which of these is not the function of World Bank?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. To arbitrate on international trade disputes.

  2. To help the member countries in the reconstruction and development of their countries.

  3. To encourage private foreign investment and credit by guaranteeing repayment.

  4. To promote long term balanced growth of international trade.

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Correct Option: A
Explanation:

Arbitration on international disputes is not a function of World Bank. It is performed by WTO. World bank serves for the economic development of its member countries.

Which is not the function of IMF?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. To provide mechanism for orderly adjustment of exchange rate.

  2. To provide mechanism for international consultation.

  3. To provide forum for settlement of international trade disputes.

  4. To act as a reservoir of the currencies of all the member countries

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Correct Option: C

IFC stands for ______, with regards to World Bank group.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. Indian Financial Corporation

  2. International Finance Corporation

  3. International Finance Commission

  4. Investment Finance Corporation

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Correct Option: B
Explanation:

IFC stands for International Finance Corporation. It is a member of World Bank Group. It provides advisory and investment services to its member countries to uplift the private sector involvement in the global economy.

GATT was set up in _______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 1949

  2. 1947

  3. 1995

  4. 1987

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Correct Option: B
Explanation:

GATT stands for General Agreements on Tariffs and Trade. It was drafted in 1947 as a provisional agreement to regulate international trade.

International Bank for Reconstruction and Development is also known as ________.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. IMF

  2. World Bank

  3. Federal Bank

  4. Central Bank

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Correct Option: B
Explanation:

International Bank for Reconstruction and Development is one of the member of World Bank Group. It was set up in 1944. It offers loans to middle-income developing countries. The headquarter of IBRD is situated in Washington DC, USA.

India is a recipient of loan from which of these agencies?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. World Bank

  2. IMF

  3. IDA

  4. All the the above

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Correct Option: D

SDR is the currency of IMF, which is also called as __________.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. white gold

  2. book keeping entry only

  3. paper gold

  4. yellow metal

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Correct Option: C
Explanation:

SDR is the currency of IMF. SDR stands for Special Drawing Rights. This refers to supplementary foreign-exchange reserve. It is also known as paper gold. It is maintained by International Monetary Fund.

Which of the following organisation is not joined by India? 

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. APEC

  2. ASEAN

  3. NAFTA

  4. All of the above

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Correct Option: D

Some of the economic policies of Government are?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. Industrial policy

  2. Fiscal policy

  3. Tariff policy

  4. All of the above

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Correct Option: D
Explanation:
Economic policies of Government are formed for maintaining the stability of the economy. They are also formed to ensure economic development. Some of the economic policies of Government are:

1) Industrial policy which is required to control the function of industries in a country.

2) Fiscal policy is formed to maintain the money flow in the economy.

3) Tariff Policy is formed to check the tax and tariff obtained from the trade in the economy.

Imports growth in pre crisis (1991) period was _________ than that in post crisis period.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. more

  2. less

  3. equal

  4. none of the above

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Correct Option: B
Explanation:

Import growth in pre crisis( 1991 ) period was less than that in post crisis period since New Economic Policy was introduced in India in 1991, which resulted downfall of import growth. Import refers to the goods and services brought in from the abroad.