MCQ Bank
Wallerstein introduced two types of societies in:
- A) 1956
- B) 1986
- C) 1966
- D) 1976
---------- intentionally became the dominant ruler of the world:
- A) Russia
- B) United States (US)
- C) China
- D) United Kingdom
-----------played an important role in the uniformity of global taste.
- A) Telegram/Newspaper
- B) Radio/Telegram
- C) Newspaper/Radio
- D) TV/Cinema
Developing nations depend on developed countries for the gain of:
- A) Raw material and human resources
- B) Raw material
- C) Labor resources
- D) Technology and capital resources
China establishes special economic zones in:
- A) Shenzhen
- B) Beijing
- C) Shanghai
- D) Tianjin
Remarkable growth of TNCs were took place after:
- A) 1955
- B) 1950
- C) 1960
- D) 1945
Cartels can be formed in -------- market structure.
- A) Monopoly
- B) Oligopoly
- C) Duopoly
- D) Perfect competition
Which country has the fourth highest population in the world?
- A) India
- B) USA
- C) Malaysia
- D) Indonesia
International Monetary Fund (IMF) launched ------- loan to Indonesia.
- A) $53 billion
- B) $63 billion
- C) $33 billion
- D) $43 billion
Absence of restrictions in trade and factor flows is known as:
- A) Interdependence
- B) Independence
- C) Integration
- D) Openness
Self-Sufficiency framework is based on all of the following factors EXCEPT:
- A) Current affairs
- B) State of mind
- C) Economic affairs
- D) Technology
Hungary's prime minister Viktor Orban has promised reforms and reducing bureaucracy to crack down on corruption in:
- A) 2001
- B) 2010
- C) 2004
- D) 2007
An enterprise that operates simultaneously in two or more countries with ----------- becomes TNC.
- A) International factor immobility
- B) International factor mobility
- C) National factor mobility
- D) National factor immobility
According to -------- there are two types of human needs.
- A) Adam Smith
- B) Fisher
- C) Samuelson
- D) Keynes
Which of the following statement is FALSE?
- A) Indian National Congress won election in 2004.
- B) Bharatiya Janata Party won election in 2019.
- C) Indian National Congress won election in 2014.
- D) Bharatiya Janata Party won election in 2009.
Basic principle of economic organization is:
- A) Division of labor
- B) Skills of labor
- C) Education of labor
- D) Employment of labor
Internal ---------- and external --------- of least developing countries (LDCs) depends upon the industrial nation’s policies & efforts.
- A) Adjustment; borrowing
- B) Borrowing; investment
- C) Investment; adjustment
- D) Investment; borrowing
Which of following statement is TURE?
- A) Effectiveness diminished suddenly with fall in integration
- B) Effectiveness diminished progressively with fall in integration
- C) Effectiveness diminished progressively with rise in integration
- D) Effectiveness diminished suddenly with rise in integration
Robert Schuman claimed that ‘existing nation state incapable to improve --------- of their citizens by themselves'.
- A) Medical welfare
- B) Social welfare
- C) Political welfare
- D) Economic welfare
Economic activity can be divided in to --------and ----------context.
- A) Technological; Social
- B) Domestic; International
- C) Private; Public
- D) Technological; Agricultural