Question : A closed economy is one in which
Option 1: Does not trade with other countries
Option 2: Does not possess any means of international transport
Option 3: Does not have a coastal line
Option 4: Is not a member of the UNO
Correct Answer: Does not trade with other countries
Solution : The correct answer is Does not trade with other countries .
A closed economy does not trade with other countries, meaning it does not involve itself in imports, exports or any financial exchanges with other nations. Examples of closed economies include Morocco, Algeria, Ukraine, Moldova, Tajikistan, Vietnam, and Brazil.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : Which one of the following is not a line demarcation between two countries?
Question : GATT was established in 1948 with ______ countries as the global trade organisation to administer all multilateral trade agreements by providing equal opportunities to all countries in the international market for trading purposes.
Question : The member states of the UNO have delegated the primary responsibility for maintaining world peace and security to the
Question : Select the most appropriate one-word substitution of the given group of words. A pretence of having a virtuous character, moral or religious beliefs or principles, etc., that one does not really possess.
Question : Which of the following is an international agreement between governments that aims to ensure that international trade in specimens of wild animals and plants does not threaten their survival?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile