Topic-10
Economy
International Organisations
1. Which country has the largest quota of in IMF denominated in SDRs ?- USA
2. Which country has the smallest quota of in IMF denominated in SDRs ?- Tuvalu
3. India has the _______largest quota in IMF - Eighth
4. Who is the Ex-Officio Governor of the Board of Directors of IMF from India ?- Finance Minister of India
5. Who is the Alternate Governor of the Board of Directors of IMF from India ?- Governor , Reserve Bank of India
6. In which year Special Drawing Rights were created ?- 1969 AD
7. Which currencies are there in the IMF Currency Basket to assess the value of SDR ?- Euro , US Dollar , British Pound, Japanese Yen, Chinese Yuan
8. What is the epithet given to the SDR ?- Paper Gold
9. Under which conference World Bank was created ?- Bretton Woods Conference
10. In which year World Bank was created ?- 1944 AD
11. What is the name of the Twin Sister of World Bank ?- International Monetary Fund
12. How many member countries are there in the World Bank ?- 189 Members
13. Where are the headquarters of World Bank ?- Washington D.C.
14. When was the International Finance Corporation established ?- 1955 AD
15. Which body is known as the Soft Loan Window of the World Bank ?- International Development Association
16. Which body was created under the Marrakesh Agreement ?- World Trade Organisation
17. Which informal organization was replaced by Marrakesh Agreement ?- GATT
18. What is the full form of GATT ?- General Agreement on Trade and Tariff
19. Where are the headquarters World Trade Organisation ?- Geneva
20. How many member countries are there in the IBRD-International Bank for Reconstruction and Development ?- 189 Countries
21. How many member countries are there in the International Development Association ?- 173 Countries
22. Where was the first Conference of WTO held ?- Singapore
23. In which year the first Conference of WTO held ?- 1996 AD
24. Where was the 11th Ministerial Conference of WTO held, 2017 ?- Buenos Aries , Argentina
25. Where will be the 12th Ministerial Conference of WTO held in 2020 ?- Astana , Kazakhstan
26. Where are the headquarters of the Asian Development Bank ?- Manila , Philippines
27. Which country has the largest proportion of shares in the Asian Development Bank ?- Japan
COMMITTEES ON VARIOUS SECTORS OF INDIAN ECONOMY
Committee Sector
28. A.C. Shah Committee Non-Banking Financial Company
29. Malegam Committee Functioning of Micro-Finance
30. Bimal Jalan Committee Market Infrastructure Instruments
31. Abhijit Sen Committee Wholesale Price Index
*32. Kirith Parekh Committee Rationalisation of the Prices of Petroleum
33. Abid Hussian Committee Development of Capital Markets
34. Dantawala Committee Lead Bank Scheme
*35. Gadgil Committee Financial Inclusion
36. Thorat Committee Deregulation of Small Savings Deposit Rates
37. Raghuram Ranjan Committee Financial Sector Reforms
38. Naresh Chandra Committee Civil Aviation
39. Kakodar Committee Rail Safety
40. Pitroda Committee Rail Modernisation
*41. J.J. Irani Committee Company Law Reforms
42. Karve Committee Small Scale Industry
*43. Raja Mannar Committee Banking Laws
44. The companies that have stocks in large nationally known companies that have been profitable for a long time and are well-known and trusted are called _________- Blue Chip Companies
45. What is the inflation called that is caused by the rising costs of production ?- Cost Push Inflation
46. What is the inflation called that is caused due to rise in demand ?- Demand Pull Inflation
47. What is the reduction in the value of capital goods over time due to their use in production is called ?- Depreciation
48. ________ is a very rapid rise in the overall price level- Hyperinflation
49. What is the first sale of the stock of a company called ?- Initial Public Offering
50. __________ is a market structure in which slightly differentiated products are sold by a large number of relatively small producers and in which the barriers to new firms entering the market are low.- Monopolistic Competition
51. _________ is a market structure in which there is a single supplier of a good and service. There is no close substitute for such good and service – Monopoly
52. _______ is a market structure in which relatively few large firms accounts for production and sales – Oligopoly
53. ________ is a market structure in which a large number of relatively small firms produce and sell identical products and in which there are no significant barriers to entry into or exit from the industry- Perfect Competition
54. _______ is a tax what take a larger percentage of income from people in higher income groups that from people in lower-income ones. – Progressive Tax
55. _______ is decline in the rate of national economic activity usually measured by a decline in real GDP for at least two consecutive quarters.- Recession
56. ________ is a tax that takes a larger percentage of income from people in lower-income groups that from higher-income ones.- Regressive Tax
57. If there is no change in the rate of tax with the rise in income , then it is called- Proportional Tax