World Economy-General Knowledge Questions and Answers

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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