General Knowledge Quiz 16

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1. Free market is

A. a condition in the international market where nations do not impose customs duty or other taxes on import of goods
B. market where the price of a commodity is determined by free play of the forces of supply and demand
C. ports that are exempted from payment of customs duty on articles of commerce, primarily to encourage tourism
D. None of the above

2. Free surface of a liquid behaves like a sheet and tends to contract to the smallest possible area due to the

A. force of adhesion
B. force of friction
C. centrifugal force
D. force of cohesion

3. First Afghan War took place in

A. 1839
B. 1843
C. 1833
D. 1848

4. Economic goods are

A. all commodities that are limited in quantity as compared to their demand
B. Commodities that is available according to their demand
C. Commodities that is available more as compared to demand
D. None of the above

5. East Timor, which became the 191st member of the UN, is in the continent of

A. Asia
B. Africa
C. Europe
D. South America

6. GATT (General Agreement on Tariffs and Trade) is

A. international agreement signed in 1947 between non-communist nations with the object of encouraging international trade unobstructed by tariff barriers
B. agreement which seeks to achieve its aim by arranging and encouraging bargaining with trade concessions between members
C. Both option A and B
D. None of the above

7. First International Peace Congress was held in London in

A. 1564 AD
B. 1798 AD
C. 1843 AD
D. 1901 AD

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