World Economy General Knowledge Questions and Answers

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

Top Producer’s Of Different Crops In World : List of largest producing countries in the world

•  The Largest producer of groundnut in World =India

•  The Largest producer of Tobacco in World = China

• The Largest Quantity of Barley is produced in World = Russia

•  The Largest producer of Long Staple Cotton in World = USA

• The Largest Cattle production in World = India

•  The Largest producer of Butter & Ghee in World = India

•  The Largest producer of Rice in World = India & USA

•  The Largest Exporters of Rice In the World = Thailand

Top 10 Largest Exporters of Rice In the World

Thailand     8500

Vietnam     6500

Pakistan     3800

India         2200

Cambodia   850

Uruguay     700

China        600

Egypt        600

Argentina   500

Brazil         400

•  The Largest producer of Fish in World = China

• The Largest producer of Mutton in World = New Zealand & Australia.

•  The Largest producer of Mercury in World = Spain

•  The Largest producer of Rock Phosphate in World = USA & Russia.

•  The Leading producer of Uranium in World = Kazakhstan

•  The Leading producer of Automobiles in World = USA

• The Leading producer of Cement in World = USA

• The Country that Manufactures due Maximum number of Locomotives in World = USA

•  The Country known for Locomotive = Philadelphia

• The Country famous for Petroleum = Baku

•  The Country famous for Wollen textiles in World = Leeds.

The Largest producer of Sugar in the world : Brazil

World’s Top 10 Sugar-Producing Countries in 2010-2011

Country Production

1) Brazil 38.745
2) India 26.000
3) China 11.475
4) Thailand 10.061
5) U.S. 7.210
6) Mexico 5.495
7) Pakistan 4.400
8) France 4.275
9) Australia 3.800
10) Germany 3.565

• The Country known as Sugar Bowl in World = Cuba.