World Economy & Finance
112 questions available
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Q21.The combination of high inflation with stagnant growth is known as what?
Correct Answer: A
Stagflation is high inflation combined with economic stagnation and unemployment.
Q22.The currency of the United Kingdom is which of the following?
Correct Answer: A
The United Kingdom uses the Pound Sterling.
Q23.The difference between a country exports and imports is known as what?
Correct Answer: A
The balance of trade is the difference between exports and imports of goods.
Q24.The FTSE 100 index is associated with which stock exchange?
Correct Answer: A
The FTSE 100 tracks the largest companies on the London Stock Exchange.
Q25.The G20 was formed primarily to address issues in which area?
Correct Answer: A
The G20 is the premier forum for international economic cooperation.
Q26.The G7 group consists of how many member countries?
Correct Answer: A
The G7 comprises the US, UK, Canada, France, Germany, Italy and Japan.
Q27.The Gulf Cooperation Council has how many member states?
Correct Answer: A
The GCC has six members: Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman.
Q28.The International Finance Corporation is a member of which group?
Correct Answer: A
The IFC is the private-sector arm of the World Bank Group.
Q29.The New York Stock Exchange is located on which street?
Correct Answer: A
The NYSE is located on Wall Street in Manhattan, New York.
Q30.The Nikkei index is associated with the stock exchange of which country?
Correct Answer: A
The Nikkei 225 is the leading index of the Tokyo Stock Exchange.
Q31.The oldest central bank in the world is located in which country?
Correct Answer: A
The Sveriges Riksbank of Sweden, founded in 1668, is the oldest central bank.
Q32.The Sensex is the benchmark index of which stock exchange?
Correct Answer: A
The Sensex is the benchmark index of the Bombay Stock Exchange.
Q33.Which country has the largest economy in the world by nominal GDP?
Correct Answer: A
The United States has the largest nominal GDP in the world.
Q34.Which country has the second largest economy in the world by nominal GDP?
Correct Answer: A
China is the second largest economy by nominal GDP.
Q35.Which currency is used by the majority of European Union member states?
Correct Answer: A
The Euro is the official currency of the Eurozone within the EU.
Q36.Which institution is known as the lender of last resort in a national economy?
Correct Answer: A
The central bank acts as lender of last resort to the banking system.
Q37.Name the country not using the Euro currency?
Correct Answer: D
The UK does not use the Euro; it retains the Pound Sterling.
Q38.In which city was the American Stock Exchange established?
Correct Answer: B
Q39.Cautiously optimistic in economy means?
Correct Answer: A
Q40.In which year session of Indian National Congress held at the bank of ravi Ravi in Lahore?
Correct Answer: B