In venture capital terminology, a “unicorn” is any privately held startup company that reaches a valuation of $1 billion or more.
42. Which country has overtaken Japan as the world’s third-largest economy?
(A) France
(B) United Kingdom
(C) Germany
(D) India
Answer:
(C) Germany
Explanation:
Due to a depreciating yen and a sluggish Japanese economy, Germany officially overtook Japan to become the world’s third-largest economy in nominal GDP in late 2023/early 2024.
43. A systematic record of all economic transactions completed between residents of a country and the rest of the world in a year is known as:
(A) Net Capital Flow
(B) Balance of Payment
(C) Balance of Trade
(D) Absolute Flow
Answer:
(B) Balance of Payment
Explanation:
The Balance of Payments (BoP) is the comprehensive, systematic accounting record of all monetary and economic transactions between a country and the rest of the world.
44. Which among the following cannot be called an anti-inflationary measure?
(A) Raising the Bank Rates
(B) Raising the Reserve Ratio Requirements
(C) Purchase of securities in the Open Markets
(D) Rationing of the Credit
Answer:
(C) Purchase of securities in the Open Markets
Explanation:
Purchasing securities injects more money and liquidity into the economy, which fuels inflation. To be anti-inflationary, a central bank would sell securities to absorb liquidity.
45. Which country is not a member of Organization of the Petroleum Exporting Countries (OPEC)?
(A) Congo
(B) Gabon
(C) Nigeria
(D) Qatar
Answer:
(D) Qatar
Explanation:
Qatar officially left OPEC on January 1, 2019, to focus more heavily on its natural gas production.
