World Economy


  1. Which of the following sectors of the Indian Economy is prohibited from Foreign Direct Investments (FDIs) ?









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    Retail trading, lottery business and gambling and betting are the sectors of the Indian economy are prohibited from Foreign Direct Investment (FDIs).

    Correct Option: D

    Retail trading, lottery business and gambling and betting are the sectors of the Indian economy are prohibited from Foreign Direct Investment (FDIs).


  1. Which sister organisation of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ?









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    The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.

    Correct Option: C

    The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.



  1. Which one of the following cities is identified as the hottest outsourcing destination in the world ?









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    Bengaluru or Bengalore is identified as the hottest outsourcing destination in the world. Bangalore continues to rule as India,s software hub, with its availability of skilled resources. The pleasant climate of Bangalore has also been a factor in Bangalore,s popularity.

    Correct Option: B

    Bengaluru or Bengalore is identified as the hottest outsourcing destination in the world. Bangalore continues to rule as India,s software hub, with its availability of skilled resources. The pleasant climate of Bangalore has also been a factor in Bangalore,s popularity.


  1. Which one of the following countries has the highest percentage of the services sector in the GDP of the country ?









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    The economy of the United States is the world,s largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013. It has the highest percentage of the services sector in the GDP equivalent of 79.7 %.

    Correct Option: A

    The economy of the United States is the world,s largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013. It has the highest percentage of the services sector in the GDP equivalent of 79.7 %.



  1. As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with ?









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    Collaboration between WTO and the Codex Alimentarius concerns the use of international food safety standards in the context of the SPS Agreement.

    Correct Option: C

    Collaboration between WTO and the Codex Alimentarius concerns the use of international food safety standards in the context of the SPS Agreement.