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12th Economics Monthly Test - 2 ( International Economic Organisations )

St. Britto Hr. Sec. School - Madurai

12th Economics Monthly Test - 2 ( International Economic Organisations )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Match the correct codes

1 It is composed of a common market with a customs union i Economic Union

2 Free trade area (zero tariffs among members) with a common external tariff ii Customs Union

3 A region encompassing a trade bloc whose member countries have signed a free-trade agreement iii Multilateral trade agreement

4 It is a multi national legal or trade agreements between countries iv Free Trade Area

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
(1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)

World Bank Group

IDA
IFC
IMF
MIGA

International Monetary Fund was an outcome of

Pandung Conference
Dunkel Draft
Bretton Woods Conference
Doha Conference

Which of following together forms “The World Bank”
I. International Bank for Reconstruction and Development (IBRD)
II. International Development Association (IDA)
III. International Finance Corporation (IFC)
IV. Multilateral Investment Guarantee Agency (MIGA)
V. International Centre for Settlement of Investment Disputes (ICSID)

IV and V
I and II
III and I
I, II and II

The BRICS countries make up …………. of global GDP.

1 Percent
21 percent
51 percent
one third

Unconditionally borrowing right is called as __________.

special drawing right
the reserve tranche
both (a) and (b)
none of the above

SAARC meets once in __________ years.

2
3
4
5

The name “International Bank for Reconstruction and Development” was first suggested by ………………… to the drafting committee.

China
USA
Japan
India

The World Trade Organisations headquarters is in _____.

Africa
Alaska
Uganda
Geneva

Match the correct codes

1 IBRD i 1956

2 IDA ii 1958

3 IFC iii 1960

4 MIGA iv 1945

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
(1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)

Which of the following does not come under 'Six dialogue partners' of ASEAN?

China
Japan
India
North Korea

Which of the following is not one of the international institutions established in the late 1940s?

The General Agreement on Tariffs and Trade (GATT)
The World Bank
The International Monetary Fund (IMF)
The World Trade Organization

The IMF headquarters are in ______.

Geneva
Chennai
Washington D.C
Mysore

_________ provides long term loan.

BRICS
WTO
World Bank
None of the above

What is known as ‘Paper Gold’?

Gold Bonds
Special Drawing Rights
Sovereign Investments
Gold Reserve of nations

Part - B

Generic 2 - Answer All Question

What are the achievements of IMF/?

Write any two objectives of IMP.

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

What was proposed in The Brettonwoods Conference?

How the function of IMR are grouped?
What is the key difference between GATT and WTO?

What is the multi fibre agreement?

Who are the founding fathers of Brettenwoods twin?

Part - C

Generic 3 - Answer All Question

Write the agenda ofBRICS Summit, 2018.

Explain the achievements of WTO.

Explain the achievements of WTO.

Mention any two functions of the ASEAN.

State briefly the functions of SAARC.

Write briefly about “Structural Adjustment Facility”
Write a short note on TRIMs

Write a note on TRIPs.

Part - D

Generic 5 - Answer All Question

Write a note on relation between India and World Bank.
State the objectives of SAARC.

Discuss the role of WTO in India's socio economic development.

Write the functions of BRICS.

Differentiate the GATT with WTO by the help of a table

Explain the objectives of IMF.

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