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Globalisation and the Indian Economy Test - 18

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Globalisation and the Indian Economy Test - 18
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Which of the following is not the name of a bank having branches in India?
    Solution
    Neyveli Lignite Corporation India Limited is a company in the fossil fuel mining sector in India and thermal power generation who annually produces around 30 million tonne lignite. Therefore, it is not the name of a bank having branches in India.
  • Question 2
    1 / -0
    The difference between visible exports and visible imports is defined as ___________.
    Solution
    In balance of payments, the difference between visible or tangible exports and visible or tangible imports of a domestic country with the rest of the world is known as Balance of Trade. It is the difference between the top most items of balance of payment. 
  • Question 3
    1 / -0
    Many a time we came across a term in financial newspapers 'Balance of payments'. What does it really reflect?
    A. It is the statement of receipts from-foreign countries and payments made to foreign countries.
    B. It is the statement of the total volume of the GDP and share of imports in it in terms of the percentage of GDP.
    C. It is the statement of total receipt of the Government and its share in total GDP in terms of the percentage.
  • Question 4
    1 / -0
    Which of the following is a private sector bank based in India?
    Solution
    Yes bank limited was founded by Rana Kapoor and Ashok Kapur in 2004. It is India's fourth largest private sector bank that operates as a corporate bank with retail banking and asset management as corporate functions. 
  • Question 5
    1 / -0
    Voting power of each member of WTO is _______.
  • Question 6
    1 / -0
    Trade between two or more countries is called ______.
  • Question 7
    1 / -0
    International Trade takes place due to _________.
  • Question 8
    1 / -0

    Which of these countries is not a founding member of GATT?

  • Question 9
    1 / -0
    Globalisation leads to _________.
  • Question 10
    1 / -0
    OPEC stands for ______________.
    Solution

    The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Currently, the Organization comprises 15 Member Countries – namely Algeria, Angola, Congo, Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. The non-OPEC countries which export crude oil are termed as OPEC plus countries. OPEC plus countries include Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan and Sudan. The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.

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