This quiz works best with JavaScript enabled. Home > Indian Economy > Global > International Organisations And Human Development – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books International Organisations And Human Development Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. 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. 3. What happens to the price of oil when OPEC countries decide to limit production? A) Prices rise. B) Prices drop. Show Answer Correct Answer: A) Prices rise. 4. 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. 5. 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. 6. 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. 7. 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. 8. 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). 9. This country not supported India for permanent Seat in the UN Security Council. A) USA. B) Russia. C) China. D) Brazil. Show Answer Correct Answer: C) China. 10. SDRs of the IMF stand for: A) Social Drawing Rights. B) Special Domestic Rights. C) Special Drawing Rights. D) Special Drawing Ropes. Show Answer Correct Answer: C) Special Drawing Rights. 11. "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. 12. 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. 13. Where was the first BRICS meeting held? A) Russia. B) China. C) India. D) South Africa. Show Answer Correct Answer: A) Russia. 14. 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. 15. 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. 16. India and USSR agreement. A) 1971. B) 1974. C) 1969. D) 1970. Show Answer Correct Answer: A) 1971. 17. G-77 summit is a forum for: [CDS 2000] A) North-South Cooperation. B) East-West Cooperation. C) South-South Cooperation. D) North-North Cooperation. Show Answer Correct Answer: A) North-South Cooperation. 18. 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. 19. An impact of international conflict can be A) Increase in organised crime. B) Cheaper products. C) Holiday cancellations. D) Weapons become more expensive. Show Answer Correct Answer: A) Increase in organised crime. 20. The silk trade between India and China is discussed in. A) Kaalidaasa's Meghadhuta. B) Baana's Harshacharita. C) Kautilya's Arthashastra. D) Kalhana's Rajatarangini. Show Answer Correct Answer: C) Kautilya's Arthashastra. ← PreviousNext →Related QuizzesIndian Economy QuizzesInternational Organisations And Human Development Quiz 1International Organisations And Human Development Quiz 3International Organisations And Human Development Quiz 4International Organisations And Human Development Quiz 5International Organisations And Human Development Quiz 6International Organisations And Human Development Quiz 7International Organisations And Human Development Quiz 8International Organisations And Human Development Quiz 9International Organisations And Human Development Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books