448 Objective General Studies

22. On the basis of size and composition 27. India enacted the Geographical statements, select the correct
of external debt, World Bank has Indications of Goods (Registration answer from the codes given below.
classified India as and Protection) Act, 1999 in order to [UPSC (Pre) 2003]
[UPPCS (Mains) 2009] comply with the obligations to Code
(A) A moderately indebted country [UPSC (Pre) 2018] (A) Both (A) and (R) are true and
(B) A less indebted country (A) ILO (B) IMF (R) is the correct explanation of
(C) A heavily indebted country (C) UNCTAD (D) WTO (A)
(D) A critically indebted country 28. Match List-I with List-II and select (B) Both (A) and (R) are true, but
23. Which of the following ‘BRICS’ the correct answer using the codes (R) is not the correct explanation
nation has highest per capita income? given below the lists. of (A)
[UPPCS (Mains) 2010] [UPSC (Pre) 1999] (C) (A) is true, but (R) is false
(A) China List-I (D) (A) is false, but (R) is true
(B) India (a) WTO (b) IDA 30. Assertion (A): The United States of
(c) IMF (d) IBRD America has threatened to ask the
(C) South Africa
List-II World Trade Organisation (WTO) to
(D) Russian Federation apply sanctions against the
24. Which one of the following countries 1. Provides loans to address short
term balance of payment developing countries for the non-
is not a member of WTO? observance of ILO conventions.
[UPPCS (Mains) 2016] 2. Multilateral trade negotiation
body Reason (R): The United States of
(A) Slovenia (B) Serbia America itself has adopted and
3. Sanction of soft loans
(C) Slovakia (D) Columbia implemented those ILO conventions.
4. Facilitating lending and
25. A group formed by India, Brazil, borrowing for reconstruction and In context of the above two
China and other developing countries development statements which one of the
for future negotiations at WTO is following is correct?
known as [UPPCS (Pre) 2004] Code
[UPSC (Pre) 1998]
(A) G-77 (B) G-55 (a) (b) (c) (d)
Code
(C) G-33 (D) G-11 (A) 2 3 4 1
(A) Both (A) and (R) are true and
(B) 3 2 4 1
26. TRIMS stands for [BPSC (Pre) 2018] (R) is the correct explanation of
(C) 2 3 1 4 (A)
(A) Trade-Related Income
(D) 3 2 1 4 (B) Both (A) and (R) are true, but
Measures
29. Assertion (A): The new EXIM (R) is not the correct explanation
(B) Trade-Related Incentives
policy is liberal, market oriented of (A)
Measures
and favours global trade. (C) (A) is true, but (R) is false
(C) Trade-Related Investment
Measures Reason (R): GATT has played a (D) (A) is false, but (R) is true
significant role in the liberalisation of
(D) Trade-Related Innovative the economy.
Measures
In the context of the above two

Answer Sheet
1. (A) 2. (D) 3. (A) 4. (C) 5. (C) 6. (C) 7. (A) 8. (A) 9. (B) 10. (B)
11. (B) 12. (B) 13. (C) 14. (B) 15. (A) 16. (A) 17. (D) 18. (A) 19. (A) 20. (B)
21. (A) 22. (B) 23. (D) 24. (B) 25. (C) 26. (C) 27. (D) 28. (C) 29. (D) 30. (B)

18. Other Institutions

1. The emerging trading blocs in the 2. Which one of the following countries (B) International Bank of Recon-
world, such as NAFTA, ASEAN and occupies the first place in the ‘Global struction and Development
the others are expected to Competitive Report’ of World (C) World Trade Organisation
[UPSC (Pre) 1996] Economic Forum? (D) International Monetary Fund
(A) act as constriction in free trade [UPSC (Pre) 2000] 4. Under which agreement Monetary
across the world (A) USA Fund was established?
(B) promote free trade on the line (B) Singapore [UKPCS (Pre) 2014]
laid down by the WTO (C) Hong Kong (A) Bretton Woods Agreement
(C) permit transfer of technology (D) Switzerland (B) Bretton Stone Agreement
between member countries 3. ‘World Development Report’ is an (C) S. Wood Agreement
(D) promote trade in agricultural annual publication of (D) U. Thant Agreement
commodities between [UPSC (Pre) 2002]
countries of the North and South 5. Which among the following is not a
(A) United Nations Development function of International Monetary
Programme Fund? [HCS (Pre)
2014]
 Economic and Social Development 449
(A) It serves a medium term and (D) Only 18 countries of Europe for 2011-2020?
long term credit institution 13. ‘G-8 Muskoka Initiative’ is [UPPCS (Mains) 2012]
(B) It provides a mechanism for concerned with [UKPCS (Pre) 2011] (A) Natural disaster decade
improving short term balance of (A) End of International Terrorism (B) Biodiversity decade
payments position (B) Maternity and Child Health (C) Climate change
(C) It provides Machinery for (C) Settlement of International (D) Environment decade
international consultations Disputes 18. In which year was the SAPTA (South
(D) It provides a reservoir of the (D) Reduction of Greenhouse gas Asian Preferential Trade Agreement)
currencies to the member emission constituted?
countries and enables members 14. Consider the following statements. [UKPSC (Pre) 2016]
to borrow one another’s currency
1. Poverty Reduction and Growth (A) 1977 (B) 1993
6. Regarding the International Monetary Facility (PRGF) has been (C) 1985 (D) 1996
Fund (IMF) which one of the established by the International
following statements is correct? 19. The first summit of ‘International
Development Association (IDA) Solar Alliance’ was held in which of
[UPSC (Pre) 2011]
to provide further assistance to the following cities?
(A) It can grant loans to any country income countries facing high [UP RO (Pre) 2018]
(B) It can grant loans to only level of indebtedness.
developed countries (A) New Delhi (B) New York
2. Singapore Regional Training (C) Paris (D) None of these
(C) It grants loans to only members Institution (STI) is one of the
countries institutes that provides training in 20. The Headquarters of the ‘Green
(D) It can grant loans to the Central Macro-economic analysis and Peace International’ is located at
Bank of countries policy and related subject as a [UPPCS (Pre) 2018]
7. When was South Asian Association part of programme of the IMF (A) Amsterdam (B) Canberra
for Regional Cooperation (SAARC) institute. (C) Ottawa (D) Nagasaki
established? [UKPCS (Pre) 2014] (A) Which of the statement(s) given 21. Consider the following countries.
1984 (B) 1987 above is/are correct? 1. Australia 2. Canada
(C) 1985 (D) 1989 [UPSC (Pre) 2005] 3. China 4. India
8. Which one among the following (A) Only 1 5. Japan 6. USA
countries is not a member of (B) Only 2 Which of the above are among the
SAARC? [HPPSC (Pre) 2010] (C) Both 1 and 2 ‘free-trade partners’ of ASEAN?
(A) Afghanistan (B) Bhutan (D) Neither 1 nor 2 [UPSC (Pre) 2018]
(C) Maldives (D) Myanmar 15. India is a member of which of the (A) 1, 2, 4 and 5 (B) 3, 4, 5 and 6
9. Asia-Pacific Economic Co- operation following? (C) 1, 3, 4 and 6 (D) 2, 3, 4 and 6
(APEC) Summit-2014 was held at 1. Asian Development Bank 22. Match List-I with List-II and select
[MPPCS (Pre) 2014] 2. Asia-Pacific Economic the correct answer using the codes
(A) Beijing (B) Philippines Cooperation given below the lists.
(C) Yokohama (D) Bali 3. Colombo Plan List-I [UPSC (Pre) 2000]
10. Asian Development Bank is located 4. Organisation for Economic (a) UN Development Programme
in [MPPSC (Pre) Cooperation and Development (b) NCAER
1996] (OECD) (c) Indira Gandhi Institute of
(A) Tokyo (B) Beijing Choose the correct answer from the Development Research
(C) Bangkok (D) Manila codes given below.[UPSC (Pre) 2008] (d) World Bank
11. Which one of the following countries Code List-II
is not a member of OPEC? (A) 1 and 3 (B) 2 and 4 1. Indian Human Development
[UPPCS (Pre) 1999] (C) 1, 2 and 3 (D) 1, 2, 3 and 4 Survey
(A) Algeria (B) China 16. Who among the following is the 2. India Development Report
(C) Indonesia (D) U.A.E. founder of World Economic Forum? 3. World Development Report
12. ‘Euro’ is the official currency of [UPSC (Pre) 2009] 4. Human Development Report
[UPPCS (Pre) 1999] (A) Klaus Schwab Code
(A) All the States of Europe (B) John Kenneth Galbraith (a) (b) (c) (d)
(B) All the States of the European (C) Robert - Zoellick (A) 4 1 2 3
Union (D) Paul Krugman (B) 4 2 1 3
(C) Only 12 of the States of the 17. Which of the following has been
European Union (C) 2 3 4 1
designated by the UNO as decade
(D) 2 1 4 3

Answer Sheet
1. (B) 2. (D) 3. (B) 4. (A) 5. (A) 6. (C) 7. (C) 8. (D) 9. (A) 10. (D)
11. (B) 12. (D) 13. (B) 14. (B) 15. (A) 16. (A) 17. (B) 18. (B) 19. (A) 20. (A)
21. (C) 22. (A)