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International Economics

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Question: Which of the following countries has recorded the fastest GDP growth rates during the last 10 years?

  1. a.
    India
  2. b.
    USA
  3. c.
    China
  4. d.
    Bangladesh
  5. e.
    None of them
Answer: c

Question: When $1 = Tk.70 turns into $1 = Tk.80 then it will be called--

  1. a.
    Monetary contraction
  2. b.
    Inflation
  3. c.
    Devaluation
  4. d.
    Reduction of money supply
  5. e.
    None
Answer: c

Question: EPB stands for--

  1. a.
    Export Processing Board
  2. b.
    Export Processing Bureau
  3. c.
    Export Promotion Board
  4. d.
    Export Promotion Bureau
  5. e.
    None
Answer: d

Question: Which one is the Followings is the most recent idea in the sector of economics?

  1. a.
    Mixed economy
  2. b.
    Open economy
  3. c.
    Command economy
  4. d.
    Market economy
  5. e.
    None of the above
Answer: d

Question: What would result from a devaluation of a country's exchange rate?

  1. a.
    a increase in the foreign currency price of imports
  2. b.
    a reduction in the domestic currency price of imports
  3. c.
    a reduction in the domestic currency price of exports
  4. d.
    a reduction in the foreign currency price of exports
  5. e.
    none of these
Answer: d

Question: What is most likely to increase as a result of a rise in interest rates in a country?

  1. a.
    the inflow of short-term foreign capital
  2. b.
    the level of company profits
  3. c.
    the level of private investment
  4. d.
    the level of share prices
  5. e.
    None of the above
Answer: a

Question: How might an increase in interest rates lead to fall in a country's exchange rate?

  1. a.
    It will produce a net inflow of short-term capital
  2. b.
    It will cause inflation to fall thereby improving the country's competitiveness
  3. c.
    It will depress economic activity leading to a fall in imports
  4. d.
    It will harm the economy's growth prospects leading to a decrease in inward investment
  5. e.
    None of them
Answer: d

Question: Which of the following sectors earns highest foreign currency for Bangladesh?

  1. a.
    Tea
  2. b.
    Garments
  3. c.
    Jute
  4. d.
    Shrimp
  5. e.
    Leather
Answer: b

Question: Where is no export promotion bureau?

  1. a.
    Chittagong
  2. b.
    Barisal
  3. c.
    Khulna
  4. d.
    Rajshahi
  5. e.
    None
Answer: b

Question: What is trade union?

  1. a.
    Business Expansion Organization
  2. b.
    Labour Organization
  3. c.
    Business Organization
  4. d.
    Business Control Institute
  5. e.
    None of the above
Answer: b

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