World Economy-General Knowledge Questions and Answers updated on Jan 2019

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World Economy General Knowledge Questions and Answers
 
1. A common currency for the members of the Common Market in Europe is known as
Ans : Eurodollar
 
2. Which is the biggest toy retail chain in the world?
Ans : Toys R US
 
3. What is the code name given to the collective international action under UN authority to
protect the Libyan people against Muammar Gaddafi’s forces?
Ans : Operation Odyssey Dawn
 
4. The BRIC economies are
Ans : Brazil, Russia, India,China
 
5. A recession is a situation when the level of economic activity (real GDP) has fallen for at
least
Ans : Two consecutive quarters
 
6. Which country is the biggest exporter in the world (in US$ terms, 2008)?
Ans : Germany
 
7. Which country in the world consumes the most electricity?
Ans : USA
 
8. Which country has the higest rate of homeownership?
Ans : Spain
 
9. Which country is the most competitive in the world ( as reported by the world Economic
Forum)?
An s: USA
 
10. How many countries are members of Association of Southeast Asian Nations(ASEAN)?
10 members
 
11. How many countries are members of the European Union?
Ans : 27
 
12. How many countries are there in Africa?
Ans : 54
 
13. Which Business School's Economics Department was ranked 3rd in the world in the
2009 FT Global MBA Ranking?
Ans : Cranfield
 
14. From 1929 to 1932, economic activity in the USA fell by a total of :
Ans : 31%
 
15. The three largest oil producing countries are in the world are?
Ans : Saudi Arabia, Russia and USA
 
16. Who is called the father of Economics?
Ans : Adam Smith
 
17. In which year was the new currency Euro introduced ?
Ans : 1999
 
18. The purpose of the World bank is to?
Ans : Give international loans for development purposes
 
19. Which country is estimated to have Worlds largest Shale gas reserve?
Ans. China
 
20. world's largest producer of uranium
Ans : Canada
 
Top Producer’s Of Different Crops In World : List of largest producing
countries in the world
 
•  The Largest producer of groundnut in World =India

•  The Largest producer of Tobacco in World = China

• The Largest Quantity of Barley is produced in World = Russia

•  The Largest producer of Long Staple Cotton in World = USA

• The Largest Cattle production in World = India

•  The Largest producer of Butter & Ghee in World = India

•  The Largest producer of Rice in World = India & USA

•  The Largest Exporters of Rice In the World = Thailand

 
Top 10 Largest Exporters of Rice In the World
 
Thailand     8500
Vietnam     6500
Pakistan     3800
India         2200
Cambodia   850
Uruguay     700
China        600
Egypt        600
Argentina   500
Brazil         400
•  The Largest producer of Fish in World = China
• The Largest producer of Mutton in World = New Zealand & Australia.
•  The Largest producer of Mercury in World = Spain
•  The Largest producer of Rock Phosphate in World = USA & Russia.
•  The Leading producer of Uranium in World = Kazakhstan
•  The Leading producer of Automobiles in World = USA
• The Leading producer of Cement in World = USA
• The Country that Manufactures due Maximum number of Locomotives in World =
USA
•  The Country known for Locomotive = Philadelphia
• The Country famous for Petroleum = Baku
•  The Country famous for Wollen textiles in World = Leeds.
The Largest producer of Sugar in the world : Brazil
 
World’s Top 10 Sugar-Producing Countries in 2010-2011
Country Production

1) Brazil 38.745
2) India 26.000
3) China 11.475
4) Thailand 10.061
5) U.S. 7.210
6) Mexico 5.495
7) Pakistan 4.400
8) France 4.275
9) Australia 3.800
10) Germany 3.565
 
• The Country known as Sugar Bowl in World = Cuba.
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