ECO | MCQs

Explanation

List of major Export Products of Bangladesh

1. Readymade Garments/Textile

2. Jute and Jute Products

3. Fish, Shrimps, and Prawns

4. Leather and Leather Products

Explanation

The Human Development Index (HDI) measures a country's average achievements in key dimensions of human development:

• Life expectancy (health)
• Education level
• Income (standard of living)

Explanation

The École Polytechnique massacre (French: tuerie de l'École polytechnique), also known as the Montreal massacre, was a 1989 antifeminist mass shooting at the École Polytechnique de Montréal in Montreal, Quebec. 

Explanation

Simon Johnson, James Robinson and Daron Acemoglu have been awarded 2024 Nobel Prize Economics.

Awarded for studies of how institutions are formed and affect prosperity.

Their book titled 'Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity'  was published in 2023

Both Simon Johnson and James Robinson are British-Americans.

Daron Acemoglu is a Turkish-American.

Additional Information:

Nobel Prize in Economics 2023 was awarded to Claudia Goldin

She is an American economic historian

Explanation

Simon Johnson, James Robinson and Daron Acemoglu have been awarded 2024 Nobel Prize Economics.

Awarded for studies of how institutions are formed and affect prosperity.

Their book titled 'Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity'  was published in 2023

Both Simon Johnson and James Robinson are British-Americans.

Daron Acemoglu is a Turkish-American.

Additional Information:

Nobel Prize in Economics 2023 was awarded to Claudia Goldin

She is an American economic historian

Explanation

Ben Bernanke, Douglas Diamond and Philip Dybvig have jointly won the 2022 Nobel Prize in Economics for research on banks and financial crises.

Ben Bernanke is an American economist.

Douglas Diamond, an economist from USA.

Philip Dybvig is also an economist from United States of America.

Explanation

The India-Nepal-China corridor was a concept proposed by China under its Belt and Road Initiative (BRI) to enhance regional connectivity.

It aimed to link the three countries for trade and infrastructure development, though it faced reservations from India.

Explanation

The concept of the 'invisible hand' was introduced by Adam Smith.

It describes how individuals pursuing their own self-interest unintentionally contribute to the overall economic well-being of society.

Explanation

Luxembourg has the highest per capita income globally, according to recent IMF and World Bank data.

Among Muslim-majority countries, Qatar has the highest per capita income.

Explanation

After the 1857 War of Independence, the British imposed heavy taxes on local industries.

It led to their decline and destruction.