International Trade And Economics(International Relations ) Questions and answers for exam Preparation

Question 1. The world economic activity follow the principle of

Perfect Competition
Monopoly
Monopolistic Competition
Free market

Explanation:-

Answer: Option D. -> Free market
Answer: (d).Free market

Question 2. When did the economic development come to a halt except in Asia?

1970
1976
1980
1988

Explanation:-

Answer: Option C. -> 1980
Answer: (c).1980

Question 3. The Protectionist Hawely Smoot Act was adopted by The United States in

1920
1930
1960
1980

Explanation:-

Answer: Option B. -> 1930
Answer: (b).1930

Question 4. Britain was the world's most advanced country in

1700
1720
1750
1780

Explanation:-

Answer: Option C. -> 1750
Answer: (c).1750

Question 5. The cotton gin in America invented in

1780
1788
1790
1794

Explanation:-

Answer: Option D. -> 1794
Answer: (d).1794

Question 6. When did China, Japan and South Korea announce plan to work on their currency policies?

2002
2004
2006
2008

Explanation:-

Answer: Option C. -> 2006
Answer: (c).2006

Question 7. Government intervention to manage free floating currency rates is called

Fixed exchange system
Managed float system
Convertible
None of above

Explanation:-

Answer: Option B. -> Managed float system
Answer: (b).Managed float system

Question 8. The states maintained reserves of

Gold
Silver
Precious metal
hard money

Explanation:-

Answer: Option D. -> hard money
Answer: (d).hard money

Question 9. 10 billion dinar notes was printed by

Britain
France
Germany
Serbia

Explanation:-

Answer: Option D. -> Serbia
Answer: (d).Serbia

Question 10. Which countries stood by with Argentina during economic collapse?

China and Japan
America and France
Britain and Spain
United states and IMF

Explanation:-

Answer: Option D. -> United states and IMF
Answer: (d).United states and IMF