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Daily Top-20 MCQs for CSS, PMS, PCS, FPSC (Set-28)

Daily Top-20 MCQs for CSS, PMS, PCS, FPSC (Set-28)
Written by Shahzad F. Malik

Daily Top-20 MCQs (Set-28)

for CSS, PMS, PCS, FPSC and related Exams

Today’s MCQs are all about World Economy, these MCQs are taken from different books and Past Papers which are helpful for all type competitive exams.

A common currency for the members of the Common Market in Europe is known as:
(a) Franc
(b) Dollar
(c) Euro
(d) Pound
Answer: c

The World Investment Report (WIR) is published by which of the following bodies?
(a) General Agreement on Tariffs and Trade (GATT)
(b) Organisation for Economic Cooperation and
Development (OECD)
(c) International Monetary Fund (IMF)
(d) International Development Agency (IDA)
(e) United Nations Conference on Trade and
Development (UNCTAD)
Answer: e

Which of the following denotes the organization commonly known as the “World Bank”?
(a) International Monetary Fund (IMF)
(b) European Economic Community (EEC)
(c) International Bank for Economic Operator (BEC)
(d) Council For Mutual Economic Assistance (CMEA)
Answer: d

The latest regional economic bloc to be formed is:
(a) APEC
Answer: c

World Trade Organisation is the new name of:
(a) World Bank
(b) IMF
(c) GATT
(d) IFC
Answer: c

Full form of BCCI is:
(a) Bank of Commerce and Co-operation International
(b) Bank of Central Co-operation international
(c) Bank of Credit and Commerce International
(d) None of these
Answer: c

The soft loan affiliate of the world Bank is:
(a) Asian Development Bank
(b) International Monetary Fund
(c) International Development Association
(d) International Bank for Reconstruction and Development
Answer: c

The “Marrakesh Declaration” adopted at the meeting of GATT was a result of which of the following:
(a) Geneva Agreement Paris Conclave
(b) Paris Conclave
(c) Delhi Declaration
(d) Rome Declaration
(e) Uruguay Round
Answer: e

The International Bank for Reconstruction and Development is located at:
(a) Geneva
(b) Washington
(c) London
(d) New York
Answer: b

The headquarters of Asian Development Bank is in:
(a) Hong Kong
(b) Seoul
(c) Manila
(d) Tokyo
Answer: c

The main watch dog of international trade is:
(a) IMF
(b) GATT
(c) IFC
(d) World Bank
Answer: a

Which of the following were objectives for which the International Monetary Fund was established?
1. Promoting International Monetary Cooperation
2. Expanding International Trade
3. Lessening disequilibrium of balances of payment
4. Avoiding Competitive exchange depreciations
(a) 1, 2 and 3
(b) 1, 3 and 4
(c) 2 and 4
(d) 1, 2, 3 and 4
Answer: d

Which of the following organizations, through its various programmes, works to achieve complete economic union of its members:
(a) Asian and Pacific Council (ASPAC)
(b) Asian Productivity Organization (APO)
(c) BENELUX Economic Union
(d) None of these
Answer: c

According to the latest World Bank Atlas, the country with the highest per capita income is:
(a) U.S.A.
(b) Switzerland
(c) Japan
(d) Egypt
(e) Luxembourg
Answer: b

Which of the following countries has the largest external debt?
(a) U.S.A.
(b) India
(c) Mexico
(d) Brazil
Answer: c

“Conditionality” of an I.M.F. loan to a member country stands for:
(a) Interest and repayment terms of the loan
(b) An assessment of the credit worthiness of the borrower
(c) Schedule of disbursement of loan installments
(d) The policy steps which the borrower country must take
Answer: d

World Bank provides loans to underdeveloped countries at the rate of:
(a) 2.5 %
(b) 5.2 %
(c) 5.5 %
(d) 6.1 %
Answer: c

The headquarters of the Economic and Social Commission for Asia and Pacific (ESCAP) is located at:
(a) Bangkok
(b) Singapore
(c) Kuala Lumpur
(d) Manila
Answer: a

The General Agreement on Tariffs and Trade (GATT) mainly deals with which of the following?
1. Protectionism
2. Restrictive quotas
3. Subsidies and the related global demand
(a) Only 2 and 3
(b) Only 3
(c) Only 1 and 2
(d) Only 1 and 3
Answer: e

Which of the following deals with economic offences?
(a) MISA
(b) NSA
(c) TADA
Answer: d

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Shahzad F. Malik

Shahzad Faisal Malik is the administrator of and is responsible for managing the content, design, and overall direction of the blog. He has a strong background in Competitive Exams and is passionate and sharing information with others.
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