world organisations section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (c)

Jim Yong Kim, a Korean-American physician and anthropologist, has been the 12th President of the World Bank since July 1 2012. He was President of Dartmouth College from 2009 to 2012.

Answer: (d)

The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995, under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

The organization deals with the regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments.

Answer: (b)

The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995, under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

The organization deals with the regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments.

Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round.

Answer: (c)

The Organization of the Petroleum Exporting Countries is an intergovernmental organization of twelve oil-producing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

OPEC has had its headquarters in Vienna since 1965 and hosts regular meetings among the oil ministers of its Member Countries.

Indonesia withdrew in 2008 after it became a net importer of oil, but stated it would likely return if it became a net exporter again.

Answer: (b)

Greenpeace is the leading independent campaigning organisation that uses peaceful direct action and creative communication to expose global environmental hazards and conserve enivironment.