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12th Economics Monthly Test - 1 ( International Economic Organisations )

St. Britto Hr. Sec. School - Madurai

12th Economics Monthly Test - 1 ( International Economic Organisations )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Match the items in the List – I with items in List – II. Select the correct answer from the code given below

Free Trade Area
Customs Union
Common Market
Trade Barriers

Expand the term TRIMs

Tradition Related Investment Movements
Travel Related Investment Measures
Trade Related Investment Movements
Trade Related Investment Measures

WTO is planned to organize 12th ministerial conference at ……………. in 2020.

Russia
China
Kazakhstan
South Africa

The term BRIC was coined in

2001
2005
2008
2010

Which of the following is correct representation in terms of trade agreement?

EU < CM > CU > FTA
EU > CM > CU > FTA
EU > CM< CU > FTA
EU< CM < CU < FTA

As of now, The IBRD has …………..member countries

188
189
35
210

ASEAN was created in

1965
1967
1972
1997

_______ meets once in 2 years.

ASEAN
SAARC
IMF
WTO

International Monetary Fund is having its headquarters at

Washington D.C.
New York
Vienna
Geneva

Which statement is not true about SAARC?

Currently there are 8 members of SAARC
It was established in Bangladesh in 1964
Its first meeting was held in Danka
It aims to promote mutual cooperation among members in South Asia

India became a member of MIGA in ……………..?

1994
1995
1996
1997

___________ of the agreement states the functions performed by the world bank.

Article 2
Article 3
Article 4
Article 1

The GATT was transformed into WTO on ________.

1995
1965
1975
1985

Which of the following institutions is not part of the World Bank community?

IBRD
WTO
IDA
IFC

The World Trade Organisations headquarters is in _____.

Africa
Alaska
Uganda
Geneva

Part - B

Generic 2 - Answer All Question

Write a note on WTO’s Dispute Settlement Body

Write the venue and dates of any two WTO Ministerial Conferences. (write any two)

Write a short note on World Trade Organisation.

Mention the year of establishment of the following organization.
South Asian Association for Regional
Cooperation (SAARC), ASEAN and BRICSs

What is the key difference between GATT and WTO?

What are The Three Regulatory Pillars of the “World Economic Order”?

Write any two points of the objectives of IBRD.

What is the basic aim of SAARC organisation?

What is MFA?
How is the SDR Valued?

Mention various agencies of the World Bank group.

What are the restrictions on foreign investment on following grounds are to be removed under TRIMs?

When and where was SAARC Secretariat established?

Write a short notes on TRIMS.

What is MFN?

What is Free trade area?

Part - C

Generic 3 - Answer All Question

Write a short note on SDRs.

Specify the two achievements of BRICS.

What are the achievements of World Bank?

Mention any two objectives of SAARC.

Distinguish between IMF and World Bank

What are the constituents of the World Bank Group where India is a member?

Draw the diagram for World Bank group.

Write the agenda ofBRICS Summit, 2018.

Mention any three lending programmes of IMF.

Explain the achievements of WTO.
Explain the achievements of WTO.

Part - D

Generic 5 - Answer All Question

Write anote on “Special Drawing Rights”
Elaborate the WTO Agreements in detail

List out the achievements of SAARC.

Explain the objectives of IMF.

List the major objectives of World Bank

State the objectives of SAARC.

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