SSC CGL Economy – External Sector – BoP, Forex, Trade & International Institutions – Level 1 · Warm-up · Tier I Level

← Back

SSC CGL Economy – External Sector – BoP, Forex, Trade & International Institutions – Level 1 · Warm-up · Tier I Level – 16 questions, subject: Indian Economy. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

Get daily current affairs & exam alerts – follow us YouTube WhatsApp Channel Telegram Channel Facebook Page Instagram
Share with friends & study groups
Link to this page from your website / blog (HTML code)
1.  
Dividends paid by an Indian company to its foreign shareholders are recorded in the:

Correct Answer: B [Current account]

Explanation:

Dividends are income on an investment made earlier → current account (primary income); the investment itself was capital account.

2.  
Foreign Direct Investment into India is recorded in the:

Correct Answer: D [Capital account]

Explanation:

Investment creates ownership claims → capital account.

3.  
One-line factHow many member countries does the IMF have (as on 15 October 2026)?

Correct Answer: A [191]

Explanation:

imf.org 'About': 191 member countries (193 is the UN membership).

4.  
The headquarters of the WTO is at:

Correct Answer: C [Geneva]

Explanation:

WTO – Geneva; IMF and World Bank – Washington, D.C.

5.  
The IMF and the World Bank were conceived at the Bretton Woods conference in:

Correct Answer: D [1944]

Explanation:

Answer: 1944. Bretton Woods, July 1944.

6.  
Which World Bank Group institution gives political-risk insurance (guarantees) to foreign investors?

Correct Answer: C [MIGA]

Explanation:

MIGA (1988) – Multilateral Investment Guarantee Agency.

7.  
Which World Bank Group institution is India NOT a member of?

Correct Answer: A [ICSID]

Explanation:

India has not joined the International Centre for Settlement of Investment Disputes.

8.  
The Special Drawing Right (SDR) was created by the IMF in:

Correct Answer: B [1969]

Explanation:

SDR – 1969, a supplementary reserve asset.

9.  
FEMA, 1999 replaced:

Correct Answer: D [FERA, 1973]

Explanation:

Foreign Exchange Management Act replaced the Foreign Exchange Regulation Act.

10.  
The rupee was made convertible on the current account in:

Correct Answer: A [1994]

Explanation:

August 1994 – India accepted IMF Article VIII obligations.

11.  
An official reduction in the value of a currency by the government is called:

Correct Answer: C [Devaluation]

Explanation:

Devaluation = official; depreciation = market.

12.  
Which is NOT a component of India's foreign exchange reserves?

Correct Answer: B [NRI deposits]

Explanation:

Reserves = FCA + gold + SDRs + RTP; NRI deposits are capital-account inflows.

13.  
Which organisation publishes the World Economic Outlook?

Correct Answer: C [IMF]

Explanation:

WEO – IMF; World Development Report – World Bank.

14.  
Which organisation publishes the World Development Report?

Correct Answer: A [World Bank]

Explanation:

WDR – World Bank; World Economic Outlook – IMF.

15.  
The Foreign Trade Policy 2023 came into effect on:

Correct Answer: D [1 April 2023]

Explanation:

FTP 2023 – from 1 April 2023, with no end date.

16.  
The International Development Association (IDA) was set up in:

Correct Answer: B [1960]

Explanation:

IBRD 44 · IFC 56 · IDA 60 · ICSID 66 · MIGA 88.

➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Indian Economy book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-indian-economy

📘 SSC CGL 2026 – Indian Economy (Tier I + Tier II)
Here you get the answer with a one-line explanation. 773 original questions with answer key and explanations · mind-maps, notes, tables and shortcuts · Tier I and Tier II practice sets + 3 mock tests
Get the book – ₹149 ₹299 →
Score: 0 Answered: 0 / 0