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UPSC IAS Prelims Topicwise Questions : International Economics


69. 
International Economics
MOCK 5

Consider the following regarding Full Capital Account Convertibility.
1. It may lead to downfall of domestic companies
2. It will lead increased phenomenon of HOT money.
3. Fiscal deficit will increase
4. Decrease in cost of capital
Select the correct code

A. 1, 2, 3 and 4
B. 1, 2 and 4
C. 3 and 4
D. 2, 3 and 4

Answer: Option B


3. 
International Economics
MOCK 4

Consider the following statements regarding Gross Domestic Production.
1. It is a 'quantitative' concept which indicates the internal strength of the economy.
2. It is used by IMF/WB in the comparative analyses of its member nations.
3. GDP is widely criticized for not considering 'qualitative' aspect of the economy.
Which of the following is/are correct?

A. 1 and 3 only
B. 1 and 2 only
C. 1 only
D. All of the above

Answer: Option D


17. 
International Economics
MOCK 4

Company 'X' is headquartered at Delhi, India and it has a production facility at Beijing, China. The output of production facility is part of China's ____. The profits of the company which are repatriated to the India are part of India's ____.

A. GDP; GNP
B. GDP; GDP
C. GNP; GDP
D. GNP; GNP

Answer: Option A


55. 
International Economics
MOCK 4

Consider the statements regarding global energy subsidies
1. U.S.A is the largest spender on energy subsidies while china stands at second place.
2. Energy subsidies exceed the estimated public health spending for the entire globe.
Select the correct code:

A. 1 Only
B. 2 Only
C. BOTH
D. NONE

Answer: Option B


66. 
International Economics
MOCK 2

Consider the following statements regarding correction in Balance of Payment (BoP)
1. Money contraction will result in correction in BoP deficit
2. Contraction in money supply will reduce the domestic prices and hence increase the import resulting into correction in BoP deficit
3. Increase in tourism services will have positive impact on BoP
Select the correct code

A. 1, 2 and 3
B. 2 and 3
C. 1 and 2
D. 1 and 3

Answer: Option D