This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Global > International Organisations And Human Development – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books International Organisations And Human Development Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Countries that want to join the IMF must ..... A) Pay a quota. B) Pay each of the existing members an entrance fee. C) Agree to allow IMF conditionally. D) Recognize the importance of the US. Show Answer Correct Answer: A) Pay a quota. 2. WHICH COUNTRY IS THE TOP BORROWER OF WORLD BANK? A) Mexico. B) Republic of Korea. C) Cuba. D) Thailand. Show Answer Correct Answer: A) Mexico. 3. Which of the following is not an objective of the G-20 Summit? A) Promoting religious harmony. B) Improving international trade relations. C) Promoting global economic growth. D) Enhancing financial regulation. Show Answer Correct Answer: A) Promoting religious harmony. 4. International peace and cooperation is discussed in the ..... of our Constitution A) 41 article. B) 52 article. C) 51 article. D) 61 article. Show Answer Correct Answer: C) 51 article. 5. ..... is the 25% component of a member country's quota with the IMF that is in the form of gold/ foreign currency and withdrawn virtually at will by the members. A) Stand By arrangement. B) Supplementary Finance Facility. C) Gold or Reserve tranche. D) Extended Fund Facility. Show Answer Correct Answer: C) Gold or Reserve tranche. 6. Which one among the following is not a clause of World Trade Organization? [CDS 2012] A) Most favoured nation. treatment. B) Lowering trade barriers with negotiations. C) Providing financial support to the countries having deficit balance of payments. D) Discouraging unfair trade practices such as antidumping and export subsidies. Show Answer Correct Answer: C) Providing financial support to the countries having deficit balance of payments. 7. Governments, firms, investors etc., should have confidence that trade barriers will not be raised arbitrarily. What principle is this? A) Non-discrimination. B) Free trade. C) Predictability. D) Promotion of fair competition. E) Development and economic reform should be encouraged. Show Answer Correct Answer: C) Predictability. 8. World bank is the largest lender in the world? A) True. B) False. C) Can't say. D) None of above. Show Answer Correct Answer: A) True. 9. Which of the following is a main function of WTO? A) Reviewing national trade policies. B) Administering trade agreements. C) Settling trade dispute. D) All is correct. Show Answer Correct Answer: D) All is correct. 10. The International Development Association, a lending agency, is administered by the [IAS 2010] A) International Bank for Reconstruction and Development. B) International Fund for Agricultural Development. C) United Nations Development Programme. D) United Nations Industrial Development Organization. Show Answer Correct Answer: A) International Bank for Reconstruction and Development. 11. WHERE IS THE HEADQUARTER OF WORLD BANK? A) CALIFORNIA. B) NEW HAMPSHIRE. C) WASHINGTON, D.C. D) FLORIDA. Show Answer Correct Answer: C) WASHINGTON, D.C. 12. EU, ASEAN, SAARC and BRICS are all form of A) Bilateral cooperation. B) Multilateral regional cooperation. Show Answer Correct Answer: B) Multilateral regional cooperation. 13. World bank provides- A) Low interest loans. B) Grants to developing countries. C) Investment for education development. D) All of these. Show Answer Correct Answer: D) All of these. 14. What is letter G in G20? A) Global. B) General. C) Great. D) Group. Show Answer Correct Answer: D) Group. 15. WHAT WAS THE PARENT ORGANIZATION OF WORLD BANK? A) World Bank Institute. B) World Bank Corporation. C) World Bank Association. D) World Bank Group. Show Answer Correct Answer: D) World Bank Group. 16. What determines a country's borrowing power from the IMF? A) Loan size. B) The World Bank. C) Country size. D) A quota. Show Answer Correct Answer: D) A quota. 17. Why was OPEC created? A) To regulate the supply and price of oil. B) To help the Palestinians in their problems with Israel. C) To design new machinery to get oil out of the ground. D) To keep countries that are not members from producing any oil. Show Answer Correct Answer: A) To regulate the supply and price of oil. 18. Human Development Index comprises literacy rates, life expectancey at birth and: [IAS 1997] A) Gross domestic product per head in the US dollars. B) National income per head in US dollars. C) Gross domestic product per head at real purchasing power. D) Gross national product in US dollars. Show Answer Correct Answer: C) Gross domestic product per head at real purchasing power. 19. WHICH COUNTRY IS THE LARGEST SHAREHOLDER OF IBRD? A) The United States. B) China. C) The United Kingdom. D) Japan. Show Answer Correct Answer: A) The United States. 20. In 1971 these countries signed an agreement of 20 years peace and cooperation. A) India china. B) India Russia. C) Russia America. D) India America. Show Answer Correct Answer: B) India Russia. 21. The WTO carries out periodic reviews of its members' national trade policies. Members are required to notify the WTO of any changes in trade policy. What is this function? A) It facilitates co-operation with other international organisations. B) It monitors national trade policies. C) It provides technical assistance and training for developing countries. D) It provides a forum for trade negotiations. E) It handles trade disputes. Show Answer Correct Answer: B) It monitors national trade policies. 22. Under the ....., each country pegged the value of its currency to gold. A) Mercantilism. B) Gold standard. C) Econometrics. D) Factor endowment theory. Show Answer Correct Answer: B) Gold standard. 23. What happens to the price of oil when OPEC countries decide to limit production? A) Prices drop. B) Prices rise. Show Answer Correct Answer: B) Prices rise. 24. The principle of eye for an eye in foreign policy is followed by. A) Lal bahadur shastry and Nehru. B) Lal bahadur shastry and Indira Gandhi. C) Manmohan singh and Indira Gandhi. D) Rajiv Gandhi and Lal bahadur shastry. Show Answer Correct Answer: B) Lal bahadur shastry and Indira Gandhi. 25. International trade can be detrimental to nations if it leads to:a) dependence on other countriesb) Growing gap between rich and poor countriesc) commercial linkages amongst countriesd) Rivalry and wars between countries A) All the statements are incorrect. B) All the statements are correct. C) Only a, b and c are correct. D) Only a, b and d are correct. Show Answer Correct Answer: D) Only a, b and d are correct. 26. What is the main objective of the World Bank? A) To reduce poverty and improve living standards. B) To promote an orderly system of world trade. C) To provide educational support to member states. D) To offer technical expertise and economic aid. Show Answer Correct Answer: A) To reduce poverty and improve living standards. 27. Which of the following states are classified as the BRICS? A) Belgium, Romania, Iceland, Canada, Sweden. B) Brazil, Russia, India, China, South Africa. C) Britain, Rwanda, Ireland, Cuba, Singapore. D) Bahrain, Reunion, Iran, Cameroon, Switzerland. Show Answer Correct Answer: B) Brazil, Russia, India, China, South Africa. 28. Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition. SDR is a monetary unit of the reserve assets of which of the following organizations/agencies? [SBI PO 2010] A) World Bank. B) International Monetary Fund (IMF). C) Asian Development Bank. D) Reserve Bank of India. E) None of the above. Show Answer Correct Answer: B) International Monetary Fund (IMF). 29. This country not supported India for permanent Seat in the UN Security Council. A) Russia. B) China. C) Brazil. D) USA. Show Answer Correct Answer: B) China. 30. SDRs of the IMF stand for: A) Special Domestic Rights. B) Social Drawing Rights. C) Special Drawing Ropes. D) Special Drawing Rights. Show Answer Correct Answer: D) Special Drawing Rights. 31. "World Development Report" is an annual publication of: [IAS 2002] A) United Nations Development Programme. B) International Bank of Reconstruction and Development. C) World Trade Organisation. D) International Monetary Fund. Show Answer Correct Answer: B) International Bank of Reconstruction and Development. 32. WHAT WAS THE ORIGINAL MISSION OF THE WORLD BANK GROUP? A) Reduce poverty and improve people lives. B) Providing resources, sharing knowledge, building capacity. C) Supporting economic development and job creation. D) Provide reconstruction loans to the devastated economies of Europe. Show Answer Correct Answer: D) Provide reconstruction loans to the devastated economies of Europe. 33. Where was the first BRICS meeting held? A) China. B) Russia. C) South Africa. D) India. Show Answer Correct Answer: B) Russia. 34. New Development Bank (NDB) also commonly known as BRICS bank A) Voices concern on global issues like terrorism and climate change. B) An initiative to help its member countries to develop its economy. Show Answer Correct Answer: B) An initiative to help its member countries to develop its economy. 35. What are world bank's objective till 2030? A) End extreme poverty and promote shared prosperity. B) End capitalism and promote prosperity. C) End Chinese products and promote trade. D) End barriers and promote agriculture. Show Answer Correct Answer: A) End extreme poverty and promote shared prosperity. 36. India and USSR agreement. A) 1974. B) 1969. C) 1970. D) 1971. Show Answer Correct Answer: D) 1971. 37. G-77 summit is a forum for: [CDS 2000] A) North-North Cooperation. B) North-South Cooperation. C) East-West Cooperation. D) South-South Cooperation. Show Answer Correct Answer: B) North-South Cooperation. 38. What is the main focus of the IMF? A) Reducing poverty and improving living standards. B) Promoting an orderly system of world trade. C) Providing educational support to member states. D) Offering technical expertise and economic aid. Show Answer Correct Answer: B) Promoting an orderly system of world trade. 39. An impact of international conflict can be A) Holiday cancellations. B) Cheaper products. C) Increase in organised crime. D) Weapons become more expensive. Show Answer Correct Answer: C) Increase in organised crime. 40. The silk trade between India and China is discussed in. A) Kalhana's Rajatarangini. B) Kaalidaasa's Meghadhuta. C) Kautilya's Arthashastra. D) Baana's Harshacharita. Show Answer Correct Answer: C) Kautilya's Arthashastra. 41. Seaports are called Gateways of International Trade because:a) Cargoes and passangers travel from one part of the world to other through these portsb) The ports provide facilities for docking, loading, unloading and storage of goodsc) Ports make arrangements for tugs and barges A) All the statements are correct. B) Only a and b are correct. C) Only a is correct. D) All the statements are incorrect. Show Answer Correct Answer: A) All the statements are correct. 42. Which one of the following is not related to United Nations? [IAS 2010] A) International Finance Corporation. B) International Centre for Settlement of Investment Disputes. C) Multilateral Investment Guarantee Agency. D) Bank for International Settlements. Show Answer Correct Answer: D) Bank for International Settlements. 43. This organization was created to promote trade and economic growth by lowering taxes and removing limits on some types of trade. A) North American Free Trade Agreement (NAFTA). B) North Atlantic Treaty Organization (NATO). C) United Nations (UN). D) World Trade Organization (WTO). Show Answer Correct Answer: D) World Trade Organization (WTO). 44. When did IMF start functioning? A) December 27, 1944. B) April 13, 2004. C) December 31, 1945. D) December 27, 1945. Show Answer Correct Answer: D) December 27, 1945. 45. The steel plants of Bhilai and Bokaro are assisted by. A) Brazil. B) USA. C) Russia. D) China. Show Answer Correct Answer: C) Russia. 46. Which international organization is located in the United States? A) North Atlantic Treaty Organization (NATO). B) The United Nations (UN). C) World Trade Organization. D) The World Court. Show Answer Correct Answer: B) The United Nations (UN). 47. Which country hosted the first G-20 Summit? A) Canada. B) Germany. C) United States. D) United Kingdom. Show Answer Correct Answer: C) United States. 48. As we all know rise of the 'BRICS' has left a vast impact on almost all aspects of the global economy. However, which of the following cannot be called as the direct effect(s) of 'Rise of the BRICS' on global/other powerful economy/ economies? [Punjab & Sindh Bank 2011] A) Countries like China wish to learn more about outsourcing from India. B) It has made countries to suffer from Sub-prime Crisis. C) EURO has become a powerful currency and many non-Euro countries are in 'Swap Agreement' with various nations. D) Only A. E) Only B. F) Only C. G) All A, B & C. H) None of these. Show Answer Correct Answer: H) None of these. 49. What is the mandate of the IMF A) To ensure the stability of the international political system. B) Reduce poverty by lending the money of rich corporations to poor corporations. C) To ensure the stability of the international monetary system. D) To reduce poverty by lending the money of rich countries to poor countries. Show Answer Correct Answer: C) To ensure the stability of the international monetary system. 50. The purpose of this international organization is to keep peace around the world and develop friendly relationships among nations. A) North American Free Trade Agreement (NAFTA). B) United Nations (UN). C) North Atlantic Treaty Organization (NATO). D) World Trade Organization (WTO). Show Answer Correct Answer: B) United Nations (UN). 51. Which of the following is not a member of the G-20? A) Brazil. B) China. C) Switzerland. D) Australia. Show Answer Correct Answer: C) Switzerland. 52. WHEN WAS THE WORLD BANK SET UP? A) January, 1998. B) July, 1994. C) October, 1994. D) September, 1997. Show Answer Correct Answer: B) July, 1994. 53. Which country will host the G20 summit in 2023? A) India. B) China. C) Switzerland. D) Australia. Show Answer Correct Answer: A) India. 54. The term BRIC was coined by A) Goldman Sachs. B) United Nations. Show Answer Correct Answer: A) Goldman Sachs. 55. Where is the IMF HQ? A) Strasbourg. B) Washington DC. C) New York. D) Boston. Show Answer Correct Answer: B) Washington DC. 56. Arunachal Pradesh is the issue matter of these two nations. A) Pakistan. B) USA. C) Srilanka. D) China. Show Answer Correct Answer: D) China. 57. Which group has been an example for successfully determining the amount and price of a world-wide commodity? A) North Atlantic Treaty Organization. B) Organization of Petroleum Exporting Countries. C) World Trade Organization. D) The European Union. Show Answer Correct Answer: B) Organization of Petroleum Exporting Countries. 58. This organization allows free trade among the United States, Canada, and Mexico and has helped with trade, created jobs, and encouraged the economic growth of its members. A) North Atlantic Treaty Organization (NATO). B) United Nations (UN). C) World Trade Organization (WTO). D) North American Free Trade Agreement (NAFTA). Show Answer Correct Answer: D) North American Free Trade Agreement (NAFTA). 59. Which of the following states in India has three major sea ports? A) West Bengal. B) Tamil Nadu. C) Kerala. D) Maharashtra. Show Answer Correct Answer: B) Tamil Nadu. 60. The headquarters of IMF and World Bank are located at : A) Geneva and Montreal. B) Geneva and Vienna. C) New York and Geneva. D) Both Washington DC. Show Answer Correct Answer: D) Both Washington DC. Next →Related QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesInternational Organisations And Human Development Quiz 2International Organisations And Human Development Quiz 3International Organisations And Human Development Quiz 4Globalisation And The Indian Economy QuizIndia S Foreign Policy QuizIndustries Infrastructure And Foreign Trade Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books