world organisations section 1 MCQ Questions & Answers Detailed Explanation

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Questions : Where was the last Asia Pacific Economic Cooperation (APEC) Summit held ?

(a) Beijing

(b) New York

(c) Sydney

(d) Malaysia

The correct answers to the above question in:

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)

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Question : 1

G-15 a group of

a) Non-Aligned developing countries

b) Companies

c) Developed countries

d) Developing countries

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.

Question : 2

Why is Switzerland unable to join European Union (EU) till date (April 2014) despite its government’s persistent effort to do so?

  1. Few EU countries, like France and Germany, are opposed to Switzerland’s joining the Union.
  2. The Swiss people continue to vote against joining the EU as they do not want to lose Switzerland’s sovereignty.
  3. EU rejected Switzerland’s application as Swiss Government did not agree to use Euro as currency.
Select the answer from the codes given below:

a) 2 and 3

b) 2 only

c) 1 and 2

d) 1, 2 and 3

Answer: (b)

Switzerland is not a member of the European Union. Under the Swiss system of direct democracy, an actual application to join the EU would entail a national referendum and a majority of voters and cantons in favour of joining.

The union is perceived as falling short in democratic institutions. Switzerland’s frequently used system of initiatives and referenda would need drastic reform and curtailment to comply with EU rules.

In February 2014, the Swiss voters narrowly accepted a referendum limiting the freedom of movement of EU citizens to Switzerland.

Question : 3

Which of the following countries is not a member of the Nuclear Suppliers Group (NSG) ?

a) Iran.

b) USA

c) France

d) Russia

Answer: (a)

Iran is not a member of the Nuclear Suppliers Group (NSG).

Question : 4

Find the odd one out;

a) ASEAN.

b) EEC

c) NAFTA

d) NATO

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.

Question : 5

When was the Universal Declaration of Human Rights adopted by the U.N. General Assembly?

a) 1 January, 1953

b) 25 June, 1950

c) 24 October, 1945

d) 10 December, 1948

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.

Question : 6

International Finance Corporation is an affiliate of

a) A.D.B

b) I.D.A.

c) I.M.F.

d) I.B.R.D.

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

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