ECO613 Midterm MCQs 2024 by Miss Mehwish

Past Papers for Mids./Finals are also Available · ECO613 (LIVE QUIZ) · Globalization and Economics · Mid Term · 1. Treaty of Rome was signed in:

1947 1977 1967 ✅ 1957

Q2. Which of the following is an empirical outcome of international trade in goods market?

Exceptional difference between cost & price Factor cost disadvantages Even sharing of trade returns Security & high wages for Women ✅ Even sharing of trade returns

Q3. Which of the following is not a component of regional trade differences?

Common language ✅ Area Common border

4. Post crisis outcomes include all of the following EXCEPT:

Capital flight Steep interest rate hike Exchange rate appreciation ✅ Exchange rate depreciation

5. Poverty alleviation was the major mandate for the working of-

International Labor Organization ✅ World Bank World Trade Organization International Monetary Fund

6. Brazil became part of BRICS in:

1999 2000 ✅ 2001 2002

Q7. How many emerging countries were capable to participate in US equity market?

Three Nine ✅ Six

8. Regional trade agreements are going to grow and expand by focusing on the following areas EXCEPT: Trade in services Exchange rate regimes Investment regimes ✅ Exchange rate regimes
9. After WW-II, --------~ provided institutional support for integration & Globalization. International labor organization(ILO) World Bank(WB) ✅ General Agreement on Tariff and Trade(GATT) International Monetary Fund(IMF)

10. Flows of financial capital reached around--------~

$206 billion $406 billion $106 billion ✅ $306 billion

 The three opportunities of globalization may not include:

Positive effects on growth

Labor emigration Cheap capital & Technology

 United Nations was established in:

1950 ✅ 1945 1940

 World Trade Organization (WTO) was established in:

1999 1990 ✅ 1995 1985

 Haier moved to the USA in:

1999 ✅ 1989 1979

 Which of the following country is a member of BRICS?

✅ India Ireland Iran

 Open market operation is a tool of:

Educational Agricultural