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External Sector and International Organizations 03
Question
1
of 7
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7
Q1. FDI ceilings in the telecom sector have been raised to
A.
80 percent
B.
83 percent
C.
90 percent
D.
100 percent
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
The government now allows 100% Foreign Direct Investment in the telecom sector via the automatic route.
Q2. Which country is not a member of SAARC?
A.
Pakistan
B.
Myanmar
C.
India
D.
Bangladesh
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The 8 SAARC nations are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
Q3. What is ’NIKKEI’?
A.
Tokyo Share Price Index
B.
Japanese Central Bank
C.
Japanese Planning Commission
D.
Foreign Exchange Market
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
Nikkei 225 is the stock market index for the Tokyo Stock Exchange.
Q4. International Monetary Fund (IMF) was established on:
A.
25-Sep-44
B.
27-Dec-44
C.
25-Sep-45
D.
27-Dec-45
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
The IMF was established in 1945 as part of the Bretton Woods agreement.
Q5. Association of the rupee with pound sterling was broken in
A.
1990
B.
1991
C.
1992
D.
1993
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
The rupee was delinked from the pound sterling and made a market-determined currency in 1992-93.
Q6. In which place was Asia’s first Export Processing (EPZ) set up?
A.
Santa Cruz
B.
Kandla
C.
Cochin
D.
Surat
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The Kandla Free Trade Zone was established in 1965 as the first EPZ in Asia.
Q7. ’Global Competitiveness Report’ is released by which organisation?
A.
WTO
B.
World Economic Forum
C.
SAARC
D.
EU
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The World Economic Forum (WEF) publishes this annual assessment of national competitiveness.
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