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

St. Britto Hr. Sec. School - Madurai

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

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

The GATT was transformed into WTO on ________.

1995
1965
1975
1985

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

India’s current quota in the IMF is SDRs (Special Drawing Rights)………..?

5,821.5 million
6,821.5 million
5,621.5 million
8,821.5 million

Match the correct codes

WTO Ministerial Conference Venue and Date

1 09 i Singapore, 9-13 December 1996

2 06 ii Bali, 3-6 December 2013

3 03 iii Hong Kong, 13-18 December 2005

4 01 iv Seattle, November 30 – December 3 1999

(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)

The IMF established structural adjustment facility in _________.

March 1980
March 1986
March 1981
March 1982

A member can unconditionally borrow from the fund in a year equal to ________ of its quota.

10%
20%
25%
40%

The Bretton Woods conference proposal IMF, World Bank and International Trade Organisation (ITO) in ________.

1944
1934
1964
1974

The Great Depression of 1930s and World War II led to purely …………… in which almost every country imposed trade restrictions, exchange controls and exchange depreciation.

global policies
local policies
nationalistic policies
none of above

Until………………….became the member of World Bank in 1980, India was the largest beneficiary of the World Bank assistance.

South Africa
China
Nepal
Indonesia

The IMF has __________ member countries.

180
189
181
111

Part - B

Generic 2 - Answer All Question

What is the basic aim of SAARC organisation?

Mention various agencies of the World Bank group.
Who are the founding fathers of Brettenwoods twin?

Write a note how World Bank us associated with rural areas?

How is the SDR Valued?

Write any two points of the objectives of IBRD.

Part - C

Generic 3 - Answer All Question

List out the achievements of ASEAN.

What are the major achievements of WTO?

What are the achievements of World Bank?

Explain the “General Agreement on Trade in Services (GATS)”
What is Multilateral Agreement?

Draw the diagram for World Bank group.

Part - D

Generic 5 - Answer All Question

Write a note on relation between India and World Bank.

What are the functions of the ASEAN?
Narrate the achievements of IMF

Explain the objectives of IMF.

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