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India's Foreign Policy: (A) Contemporary Political Economy MCQs

Contemporary political economy studies the economic form of organization of contemporary society, with an aim to determine its motivating factors and tendencies of growth.

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List of India's Foreign Policy: (A) Contemporary Political Economy MCQs

1. The term political economy is derived from the word ?

1. Greek word polis
2. Latin word polis
3. German word potlis
4. English word polity

Answer: A) Greek word polis

Explanation:

The term political economy is derived from the Greek polis, meaning "city" or "state," and oikonomos, meaning "one who manages a household or estate".

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2. What are economic paradigms?

1. A basic principle that describes how an economy works or should work
2. A main principle that describes how an political making works or should act
3. A dignified principle that describes how an economy works or should act
4. None of the above

Answer: A) A basic principle that describes how an economy works or should work

Explanation:

Economic paradigms is a basic principle that describes how an economy works or should work.

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3. Which of the following are the main theories of international political economy?

1. Economic Liberalism
2. Economic Nationalism
3. Economic Structuralism
4. All the above

Answer: D) All the above

Explanation:

There are three main theoretical paradigms: economic liberalism, economic nationalism, and economic structuralism.

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4. Which of the following is a variant of Economic structuralism?

1. Marxism
2. dependency
3. Both A and B
4. None of the above

Answer: C) Both A and B

Explanation:

Economic structuralism has two variants which are Marxism and dependency.

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5. Liberalism, nationalism, and dependency are ____theories?

1. Capitalist theories
2. Marxism theories
3. Liberal theories
4. All the above

Answer: A) Capitalist theories

Explanation:

Liberalism, nationalism, and dependency are capitalist theories.

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6. What are the dimensions of political economy?

1. Markets
2. Hierarchies
3. Kinships
4. All the above

Answer: D) All the above

Explanation:

Three Dimensions of Political Economy: Markets, Hierarchies and Kinships.

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7. The policy adopted by a nation while dealing with other nations is called?

1. Trade policy
2. Economic policy
3. Foreign policy
4. All the above

Answer: C) Foreign policy

Explanation:

The policy adopted by a nation while dealing with other nations is called foreign policy.

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8. What is the main objective of foreign policy?

1. To use diplomacy or talking, meeting, and making agreements to solve international problems.
2. To stay calm
3. To stay neutral
4. To support super power

Answer: A) To use diplomacy or talking, meeting, and making agreements to solve international problems.

Explanation:

The main objective of foreign policy is to use diplomacy or talking, meeting, and making agreements to solve international problems. They try to keep problems from developing into conflicts that require military settlements.

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9. Which of the following is opt by India?

1. SAARC
2. NAFTA
3. CER
4. EU

Answer: A) SAARC

Explanation:

India is a part of SAARC.

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10. Where was the first summit of SAARC held?

1. Dhaka
2. Indonesia
3. Delhi
4. Islamabad

Answer: A) Dhaka

Explanation:

Joint Press Release Issued at the Conclusion of the First SAARC Summit in Dhaka on 7-8 December 1985.

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