This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Global > International Organisations And Human Development – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books International Organisations And Human Development Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Out of the following select the standing committees of UNCTAD. A) Economic cooperation. B) Poverty alleviation. C) Committee on commodities. D) Committee on services. E) All of these. Show Answer Correct Answer: E) All of these. 2. Which year was the G-20 Summit first held? A) 2001. B) 2003. C) 2008. D) 1997. Show Answer Correct Answer: C) 2008. 3. How many permanent members of the UN Security Council are there? A) Six. B) Four. C) Fifteen. D) Five. Show Answer Correct Answer: D) Five. 4. WTO helps in the implementation and administration of international trade agreements. What is this function? A) It facilitates co-operation with other international organisations. B) It monitors national trade policies. C) It administers WTO trade agreements. D) It provides a forum for trade negotiations. E) It handles trade disputes. Show Answer Correct Answer: C) It administers WTO trade agreements. 5. When was IMF established/ conceived? A) July 1944. B) April 2004. C) January 1945. D) December 1945. Show Answer Correct Answer: A) July 1944. 6. The headquarters of OPEC (Organisation of Petroleum Countries) is at : A) Algeria. B) Vienna. C) Tehran. D) Kuwait City. Show Answer Correct Answer: A) Algeria. 7. The United Nations Conference on Trade and Development (UNCTAD) is located at which of the following places? A) Geneva. B) Paris. C) Rome. D) Vienna. Show Answer Correct Answer: A) Geneva. 8. One common objective of multilateral organisation is to A) Enter the markets of its member country and instruct "right" political ideals. B) Evolve cooperation and non-interference in the internal policies. Show Answer Correct Answer: B) Evolve cooperation and non-interference in the internal policies. 9. What is the cause behind the decline in the share of traditional items of export from India? A) Low quality products. B) Tough international competitions. C) Decline in the production of traditional items. D) Decline in demand of these products. Show Answer Correct Answer: B) Tough international competitions. 10. The agreement at Tashkent between India and Pakistan was in the year. A) 1965. B) 1963. C) 1962. D) 1966. Show Answer Correct Answer: D) 1966. 11. What is the official language of the G-20 Summit? A) English. B) French. C) Spanish. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. What services does the World Bank provide? A) Educational support and cultural concerns. B) Technical expertise and economic aid. Show Answer Correct Answer: A) Educational support and cultural concerns. 13. Which one of the following is not a member of Organization of the Petroleum Exporting Countries (OPEC)? [Asstt Comm 2008] A) Algeria. B) Nigeria. C) Ecuador. D) Brazil. Show Answer Correct Answer: D) Brazil. 14. The International Criminal Court (ICC) has NO army or police A) True. B) False. Show Answer Correct Answer: A) True. 15. One of the main bone of contentions between India and China is. A) River water disputes. B) Racial enimity. C) Arunachal Pradesh issue. D) China's invassion over Tibet. Show Answer Correct Answer: C) Arunachal Pradesh issue. 16. Which of the following is not true about International trade in India? A) Manufactured goods share bulk of exports from India. B) International trade in India has undergone a sea change from the past. C) The value of export is less than the value of import. D) India's contribution in world trade is as low as 4%. Show Answer Correct Answer: D) India's contribution in world trade is as low as 4%. 17. What is the impact of neo-liberal restructuring on low-income countries? A) Significant improvement in education and healthcare. B) Limited access to basic services for the majority. C) Increased employment opportunities for the population. D) None of above. Show Answer Correct Answer: B) Limited access to basic services for the majority. 18. Which of the following is not the function of the World Bank? A) To provide loan to private investors belonging to member countries on its own guarantee. B) To provide long term loan to the member countries. C) To ensure exchange rate stability. D) To provides loan mainly for productive activities. Show Answer Correct Answer: C) To ensure exchange rate stability. 19. The practice of selling a commodity in two countries at a price that differs for reasons not related to costs is called: A) Free Trade. B) Dumping. C) Charity. D) Donation. Show Answer Correct Answer: B) Dumping. 20. The racial discrimination of skin is called. A) Castism. B) Gender discrimination. C) Colorism. D) Apartheid. Show Answer Correct Answer: D) Apartheid. 21. What is the main argument of neo-liberals regarding the drop in living standards? A) It is a result of government mismanagement. B) It is a necessary sacrifice for social progress. C) It is an unfair consequence of capitalism. D) It is justified by longer-term economic gains. Show Answer Correct Answer: D) It is justified by longer-term economic gains. 22. How many development institutions are there in world bank? A) 1. B) 4. C) 2. D) 5. Show Answer Correct Answer: D) 5. 23. Look at the table enclosed. Which of the following has been incorrectly matched. A) 4. B) 1. C) 5. D) 2. Show Answer Correct Answer: C) 5. 24. Banks of BRICS nations have agreed to establish credit lines in ..... currencies. A) Legal. B) Cryptocurrency. C) Plastic. D) National. Show Answer Correct Answer: D) National. 25. Amnesty International is an organisation associated with which of the following fields? A) Environment protection. B) Protection of human rights. C) Protection of cruelty to animals. D) Protection of historic monuments. Show Answer Correct Answer: B) Protection of human rights. 26. Which of the following describe correctly the Group of Seven Countries (G-7)? A) They are industrialised countries. B) They are holding Atomic Bomb technology. C) They are developing countries. D) They are countries who can launch their own satellites. Show Answer Correct Answer: A) They are industrialised countries. 27. What does OPEC stand for? A) Organization of Petroleum Excelling Countries. B) Oil Producing of the Equilibrium Countries. C) Organization of Petroleum Exporting Countries. D) Oil, Petroleum, and Excellent Countries. Show Answer Correct Answer: C) Organization of Petroleum Exporting Countries. 28. What is the mandate of the World Bank A) Ensure stability of the international political system. B) Reduce poverty by lending rich countries' money to poor countries. C) Ensure stability of the international monetary system. D) Reduce poverty by lending rich corporations' money to poor corporations. Show Answer Correct Answer: B) Reduce poverty by lending rich countries' money to poor countries. 29. When WTO members disagree on trade issues, the WTO makes decisions to resolve the differences on the basis of the legal foundations of the trade agreement. What is this function? A) It facilitates co-operation with other international organisations. B) It monitors national trade policies. C) It administers WTO trade agreements. D) It provides a forum for trade negotiations. E) It handles trade disputes. Show Answer Correct Answer: E) It handles trade disputes. 30. Which of the following is not associated with the UNO? A) ILO. B) WHO. C) ASEAN. D) ALL OF THE ABOVE. Show Answer Correct Answer: C) ASEAN. 31. The religion which orginated in India has found wide acceptance in China was. A) Buddhism. B) Vedic culture. C) Hindusim. D) Jainism. Show Answer Correct Answer: A) Buddhism. 32. The office of the UN General Assembly is in- A) New York. B) Zurich. C) Vienna. D) Paris. Show Answer Correct Answer: A) New York. 33. Functions of UNCTAD are studied in how many heads? A) 3. B) 1. C) 4. D) 2. Show Answer Correct Answer: D) 2. 34. What country consumes more oil than they produce? A) Kuwait. B) Iran. C) Saudi Arabia. D) USA. Show Answer Correct Answer: D) USA. 35. How do Iran and Saudi Arabia benefit from belonging to the Organization of Petroleum Exporting Countries (OPEC)? A) Countries in OPEC are able to share water resources with each other. B) The organization sets up tariffs to protect Southwest Asian manufacturing. C) OPEC makes it possible for Southwest Asian countries to buy oil at low prices. D) OPEC keeps the price of oil high on the world market. Show Answer Correct Answer: D) OPEC keeps the price of oil high on the world market. 36. UNCTAD provides technical assistance to developing nations on which basis? A) Management of public attitude. B) Management of public debts. C) Management of politics and economy. D) Management of public life and standard. Show Answer Correct Answer: B) Management of public debts. 37. In which city was the 2021 G-20 Summit held? A) Rome. B) Tokyo. C) Buenos Aires. D) Riyadh. Show Answer Correct Answer: D) Riyadh. 38. IMF provides technical assistance mainly in how many areas? A) 5. B) 6. C) 3. D) 4. Show Answer Correct Answer: D) 4. 39. On joining the IMF, each member country contributes a certain sum of money, called a quota subscription with ..... of the quota being paid in gold or dollars and the remaining in domestic currency. A) 25%. B) 75%. C) 50%. D) 20%. Show Answer Correct Answer: A) 25%. 40. WHICH INSTITUTION DOES NOT BELONG TO WORLD BANK? A) The international Center for Settlement of investment Disputes (ICSID). B) The International Finance Corporation (IFC). C) The International Development Association (IDA). D) The international Court of Justice. Show Answer Correct Answer: D) The international Court of Justice. 41. HOW MANY INSTITUTIONS DOES WORLD BANK HAVE? A) 6. B) 4. C) 7. D) 5. Show Answer Correct Answer: D) 5. 42. SAARC stands for A) South Asian Association for Regional Cooperation. B) South American Association for Regional Cooperation. Show Answer Correct Answer: A) South Asian Association for Regional Cooperation. 43. Who represents India at the G-20 Summit? A) Foreign Minister. B) President. C) Finance Minister. D) Prime Minister. Show Answer Correct Answer: D) Prime Minister. 44. What are the conditions called that receiving countries must agree to? A) Structural Adjustment Programmes. B) Economic Development Plans. C) Poverty Reduction Strategies. D) None of above. Show Answer Correct Answer: A) Structural Adjustment Programmes. 45. What is the purpose of privatisation in neo-liberal capitalism? A) To promote socialism and equality. B) To generate profits for the government. C) To ensure the widest possible role for the private sector. D) None of above. Show Answer Correct Answer: C) To ensure the widest possible role for the private sector. 46. From where is the logo of the G20 2023 summit inspired? A) India's national flag. B) Russia's national flag. C) France's national flag. D) None of the above. Show Answer Correct Answer: B) Russia's national flag. 47. Which industry does the government of Saudi Arabia heavily control? A) Agriultural. B) Textile manufacturing. C) Technology. D) Oil. Show Answer Correct Answer: D) Oil. 48. Besides UK, USA, Germany and Japan the G-7 countries includes- A) Canada, France and Russia. B) Canada, Italy and Netherlands. C) France, Netherlands and Russia. D) Canada, France and Italy. Show Answer Correct Answer: D) Canada, France and Italy. 49. Find the odd SAARC member country out:Afghanistan, Bangladesh, Bhutan, India, Maldives, Myanmar Nepal, Pakistan, and Sri Lanka A) Myanmar. B) Bhutan. Show Answer Correct Answer: A) Myanmar. 50. Which country currently owes the greatest loan to IMF? A) USA. B) Portugal. C) England. D) Mexico. Show Answer Correct Answer: D) Mexico. 51. How many countries are members of the G-20? A) 21. B) 23. C) 20. D) 22. Show Answer Correct Answer: A) 21. 52. The WTO cooperates with World Bank in order to facilitate coordination of global policies. 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: A) It facilitates co-operation with other international organisations. 53. This international organization is a group of 28 countries that have agreed to protect each other in case of attack. A) United Nations (UN). B) North Atlantic Treaty Organization (NATO). C) World Trade Organization (WTO). D) North American Free Trade Agreement (NAFTA). Show Answer Correct Answer: B) North Atlantic Treaty Organization (NATO). 54. What is a potential negative consequence of neo-liberal capitalism? A) Increased government control over industries. B) Limited job prospects for local people. C) Expatriates taking management positions. D) Higher wages for the majority of the population. Show Answer Correct Answer: B) Limited job prospects for local people. 55. Observe Table 8.5. Which item has the largest share in total imports of India. A) Petroleum and Petroleum products. B) Chemical products. C) Edible oils. D) Iron and Steel. Show Answer Correct Answer: A) Petroleum and Petroleum products. 56. What is the theme of the G20 summit happening in India? A) Shaping an Interconnected World. B) Fighting poverty with rigidity. C) "One Earth-One Family-One Future" . D) None of the Above. Show Answer Correct Answer: B) Fighting poverty with rigidity. 57. Developing countries should be offered flexibility with respect to lowering their trade barriers, more time to adjust to change and special privileges. 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: E) Development and economic reform should be encouraged. 58. IMF has how many countries as its members? A) 180. B) 187. C) 188. D) 189. Show Answer Correct Answer: C) 188. 59. A primitive system of trade where direct exchange of goods take place: A) Barter Trade. B) International Trade. C) Local Trade. D) National Trade. Show Answer Correct Answer: A) Barter Trade. 60. IS "WORKING FOR A WORLD FREE OF POVERTY" THE SLOGAN OF WORLD BANK? A) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. ← PreviousNext →Related QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesInternational Organisations And Human Development Quiz 1International 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