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12th Economics Weekly Test - 4 ( International Economic Organisations )

St. Britto Hr. Sec. School - Madurai

12th Economics Weekly Test - 4 ( International Economic Organisations )-Aug 2020

Time : 1.00 Hours

Part - A

Multiple Choice Question - Answer All Question

The World Bank's headquarters are in __________

Washington D.C
Hyderabad
New york
Alaska

The European Union is an example of a/an

customs union
economic union
common market
free trade area

Expand the term MFN

Multilateral Financial Nations
Most Favoured Nation
Mutual Financial Nation
Movements of Foreign Nations

……………..are “founding fathers” of both the World Bank and the International Monetary Fund (IMF).

John Maynard Keynes and Harry Dexter White
John Stuart Mill and Paul A Samuelson
Amartya Kumar Sen and Jagadish Bagawathi
Milton Friedman and Simon Kuznuts

Which of the followings are called Brettonwoods Twins?

IMF & International Bank for Reconstruction and Development (IBRD)
IMF & World Trade Organisation
IBRD & World Trade Organisation
None of the above

The International Bank for reconstruction and development otherwise called _______.

SBI
RBI
World Bank
ICICI

WTO is serving as the successor to which of the following organisations?

General Agreement on Trade and Tariffs
General Arrangement on Trade and Tariffs
World Health Organisation
UN Development Programme

Head quarters of SAARC is in

Kathmandu
Bangkok
shanghai
Singapore

Expand the term MIGA

Multilateral Investment Guarantee Agreement
Multilateral International Guarantee Arrangement
Multilateral Investment Guarantee Agency
Multilateral International Guarantee Agency

What are the BENELUX countries?

Brazil, Nigeria and Luxumburag
Belgium, Netherland and Luxumbuarg
Bay of Jamaica, Norway and Luxumbuarg
None of the above

"Foreign capital infinitely prefers situations where the upside potential is vast, if risks must be taken to get in" - was said by __________.

Adam smith
Rudi Dorbush
Alfred Marshall
J.M. Keynes

The Tenth BRICS Summit was held in July 2018 at

Beijing
Moscow
Johannesburg
Brasilia

International Monetary Fund is having its headquarters at

Washington D.C.
New York
Vienna
Geneva

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

Article 2
Article 3
Article 4
Article 1

Who issues the Special Drawing Rights (SDR) in the following?

World Bank
World Trade Organization
Asian Development Bank
International Monetary Fund

What was the name of the conference that laid the foundations for the creation of the WTO, the IMF and the World Bank Group?

The Doha Conference
The Bretton woods Conference
The Tokyo Protocol
The Shangai Summit

Assertion (A): The Brettonwoods Conference proposed IMF, World Bank and International Trade Organisation (ITO) in 1944.
Reason (R): Instead of ITO, an interim arrangement was made and named GATT (General Agreement on Tariff and Trade).

Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.

The multi-fiber agreement governed the world trade is related to …..?

textiles and garments industry
optic fiber industry
fiber rich food industry
software and technological industry

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

IBRD
WTO
IDA
IFC

The BRICS are home to ………………. of the world's population

two third
3 percent
three fourth
43 percent

The headquarters of ASEAN is

Jaharta
New Delhi
Colombo
Tokyo

International Development Association is an affiliate of

IMF
World Bank
SAARC
ASEAN

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

_________ provides long term loan.

BRICS
WTO
World Bank
None of the above

Which of the following countries is not a member of SAARC?

Sri Lanka
Japan
Bangladesh
Afghanistan

________ is not a member of ASEAN.

Indonesia
Singapore
Philippines
Thailand

The IMF established structural adjustment facility in _________.

March 1980
March 1986
March 1981
March 1982

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

_______ relates to patents, copyrights, trade secrets, etc.,

TRIPS
TRIMS
GATS
NAMA

The __________ BRICS summit was held in July 2018 at Johannesburg

Tenth
Fifth
Sixth
Third

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