Deck 4: International Organizations and Institutions

Question 1

The non-permanent members of the Security Council are elected for a period of …………………………..

A)two years
B)one year
C)three years
D)four years

Answer 1

two years

Question 2

Which is the 164th and last joined member of WTO in…………………………

A)july 2014
B)july 2015
C)july 2016
D)july 2017

Answer 2

july 2016

Question 3

Where is the headquarters of the WTO?

A)new york
B)washington dc
C)geneva
D)austria

Answer 3

geneva

Question 4

The headquarters of GATT is also situated in …………………….

A)geneva
B)washington
C)japan
D)sweedan

Question 5

Which of the following statement is not true about the WTO?

A)wto is a permanent organisation
B)uruguay round gave the birth to the wto
C)ministerial conference is the highest policy making body of the wto
D)wto was officially constituted on 1 january 1991.

Question 6

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

A)ibrd
B)world trade organization wto
C)international development association (ida)
D)the international finance corporation (ifc)

Question 7

Which of the following country is a member of the WTO?

A)iran
B)serbia
C)algeria
D)all of the above

Question 8

World Bank is also known as………………….

A)imf
B)ibrd
C)imf.
D)ifc

Question 9

Which of the following statements is not correct?

A)both the imf & ibrd have headquarters in washington
B)both imf & world bank are the known as the bretton woods twins.
C)ibrd is known as world bank also
D)india\s vote share in the international monetary fund is 10%

Question 10

India's share in the International Monetary Fund's vote share is……………..

A)2.64%
B)3%
C)5%
D)8%

Question 11

IMF was founded in the year…………………….

A)1946
B)1947
C)1948
D)1949

Question 12

Which of the following institution is associated with Bretton Woods Agreement?

A)world bank
B)african union
C)world trade organization
D)united nations organization

Question 13

Which of the following statement is not true about the International Monetary Fund?

A)imf was established along with the word bank
B)imf is the result of the bretton woods conference
C)christine lagarde is the current chief executive officer of the imf
D)currently 193 countries are the members of the imf

Question 14

The duty of International Monetary Fund include…………………

A)working to foster global monetary cooperation
B)facilitate international trade
C)promote high employment and sustainable economic growth
D)all of the above

Question 15

When was IMF established?

A)december 27,1945
B)january. 30, 1947
C)january.1, 1946
D)september. 24, 1947

Question 16

The IMF was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in ………………

A)july 1941
B)july 1942
C)july 1943
D)july 1944

Question 17

Which of the following statement is NOT correct regarding the membership of the IMF?

A)currently its membership is 189
B)all "member countries" of the imf are members of the united nations
C)all member countries of the imf are not sovereign states
D)nauru is the latest member of the imf

Question 18

The value of Special Drawing Right (SDR) is determined by the basket of ............................ currencies.

A)4
B)5
C)6
D)7

Question 19

The value of Special Drawing Right (SDR) is determined by the basket of 5 currencies like Japanese Yen, British Pound, Chinese Yuan and Euro and………………………

A)indian rupees
B)us dollar
C)bangladesh taka
D)none of these

Question 20

Which of the following currency has largest weightage in the determination of the value of the SDR?

A)japanese yen
B)euro
C)us dollar
D)british pound

Question 21

Which of the following is not the objective of the IMF?

A)to promote international monetary cooperation
B)to ensure balanced international trade
C)to ensure exchange rate stability
D)to provide loan to private sectors

Question 22

Which one of the following is the function of International Finance Corporation?

A)to promote international monetary cooperation
B)to provide loan to private sectors
C)to ensure balanced international trade
D)to ensure exchange rate stability

Question 23

Which of the following statement is NOT correct about the quota at the IMF?

A)voting power in the imf is based on a quota system
B)usa has highest quota in the imf
C)germany has third highest quota in the imf
D)indian quota in the imf stands at 2.79% of the total quotal quota