World Organisations Section 4 Practice Questions Answers Test With Solutions & More Shortcuts

Answer: (a)

Article 27 of the United Nations Charter states: Each member of the Security Council shall have one vote.

Decisions of the Security Council on all other matters shall be made by an affirmative vote of nine members including the concurring votes of the permanent members; provided that, in decisions under Chapter VI, and under paragraph 3 of Article 52, a party to a dispute shall abstain from voting.

Answer: (c)

The International Bank for Reconstruction and Development (IBRD) and its concessional lending arm, the International Development Association, are collectively known as the World Bank as they share the same leadership and staff. Established in 1944, it is an international financial institution that offers loans to middle-income developing countries.

Answer: (d)

There are 15 members of the Security Council. This includes five veto-wielding permanent members—China, France, Russia, the United Kingdom, and the United States—based on the great powers that were the victors of World War II.

Answer: (a)

The World Trade Organization (WTO) is headquartered at Centre William Rappard, Geneva, Switzerland. It is an intergovernmental organization that regulates international trade.

The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

Answer: (b)

The European Union (EU) is an economic and political union of 27 member states which are located primarily in Europe. Its de facto capital is Brussels, the capital of Belgium. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states.

Important institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, and the European Central Bank. The European Parliament is elected every five years by EU citizens.