world organisations section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (d)

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries.

The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. The term “World Bank” generally refers to just the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), whereas the term World Bank Group or WBG is used to refer to all five institutions collectively

Answer: (d)

The Universal Declaration of Human Rights (UDHR) is a declaration adopted by the United Nations General Assembly on 10 December 1948 at Palais de Chaillot, Paris.

The Declaration consists of 30 articles that have been elaborated in subsequent international treaties, regional human rights instruments, national constitutions and laws.

Answer: (d)

NAFTA: North American Free Trade Agreement

NATO: North Atlantic Treaty Organisation

EEC: European Economic Community

ASEAN: Association of South-East Asian Nations.

NATO is a military alliance.

Answer: (d)

The last annual meeting of APEC was held in Malaysia Kuala Lumpur (hosted virtually due to COVID-19). The annual meeting is conducted with pre-planned venues. It is listed in the public domain with adequate information.

Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries (formally Member Economies) that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.

It was established in 1989 in response to the growing interdependence of AsiaPacific economies and the advent of regional trade blocs in other parts of the world; to fears that highly industrialized Japan (a member of G8) would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe (where demand had been declining).

Note: Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.

Its headquarters in Singapore. APEC Peru 2016 was the XXVIII year-long hosting of Asia-Pacific Economic Cooperation (APEC) meetings in Peru, at Lima.

APEC Vietnam 2017 is the year-long hosting of Asia-Pacific Economic Cooperation (APEC) meetings in Vietnam, which will culminate with the APEC Economic Leaders’ Meeting in Da Nang. APEC Papua New Guinea 2018.

APEC Chile 2019 (Cancelled). APEC Malaysia 20 November 2020. Next is scheduled around November 2021 in New Zealand, Auckland (Hosting Virtually)

Answer: (a)

The Group of 15 (G-15) was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of 18 developing countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity.

It focuses on cooperation among developing countries in the areas of investment, trade, and technology.