International Economy Questions and Answers updated daily – General Knowledge



24 International Economy Questions and answers section with explanation for various online exam preparation, various interviews, General Knowledge International Economy online test. International Economy Questions with detailed description, explanation will help you to master the topic.

International Economy Questions

1. International trade is possible primarily through:



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Correct Ans:Specialization in production of a few goods
Explanation:


2. Which of the following has highest trade surplus with India?



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Correct Ans:China
Explanation:


3. Who has given "Big Push Theory" ?



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Correct Ans:R.Rodan
Explanation:


4. Who have written the book "Capital and Growth" ?



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Correct Ans:Hicks
Explanation:


5.

Deficit financing implies:




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Correct Ans:public expenditure in excess of public revenue
Explanation:


6.

National Sample Survey Organisation (NSSO) was established in




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Correct Ans:1950
Explanation:


7. When current income of the Government is less than its current expenditure, it is known As—
 



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Correct Ans:Budget deficit
Explanation:


8. Which Economist first suggested imposition of Expenditure tax?



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Correct Ans:N. Kaldor
Explanation:


9. Pakistan imports these goods:



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Correct Ans:Machinery, oil, fertilizer
Explanation:


10. Pakistan exports these goods:



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Correct Ans:Cotton, yarn, fish, rice
Explanation:


11. Which Indian got Nobel Prize for Economics ?



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Correct Ans:Amarthiya Sen
Explanation:


12.

Gross domestic capital formation is defined as




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Correct Ans:net addition to stock after depreciation
Explanation:


13.

Which five year plan is also known as "Gadgil Yojana" ?




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Correct Ans:Fourth Five Year Plan
Explanation:


14.

The concept of Economic Planning in India is derived from ?




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Correct Ans:Russia
Explanation:


15.

The data of estimation of India's National income is issued by?




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Correct Ans:Central Statistical Organization
Explanation:


16.

The progress in increase of fish production was called 




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Correct Ans:Blue Revolution
Explanation:


17.

The increase in oil seeds production was due to?




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Correct Ans:Yellow Revolution
Explanation:


18.

Who was the father of Operation Flood ?




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Correct Ans:Dr.Verghese Kurien
Explanation:


19. According to Hecksher and Ohlin basic cause of international trade is



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Correct Ans:Difference in factor endowments
Explanation:


20. Which of the following is the basic characteristic of Oligopoly?



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Correct Ans:a few sellers, many buyers
Explanation:



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