world organisations section 2 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT general awareness mcq - 4 EXERCISES
The following question based on world organisations topic of general awareness mcq
(a) has shown a mixed trend
(b) has been declining
(c) has been rising
(d) has been constant
The correct answers to the above question in:
Answer: (b)
India has witnessed many changes as a result of globalisation and liberalisation especially during the last decade of the second millennium. We have less than 1 per cent share of world trade against more than 16% of the world population. At the time of independence, it was higher at about 2% though it was forced to export more than its imports in order to meet the unilateral transfers.
In 1950, the Indian share in the total world trade was 1.78%, which came down to 0.6% in 1995. According to the Economic Survey 2002-03, this percentage share of 0.6% continued in years 1997 and 1998.
In 1999 this share has increased to 0.7% which clearly indicates that India has failed to increase its share in the total world trade.
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Question : 1
Which one of the following represents the correct sequence of the countries included in the BRICS ?
a) Brazil, Russia, Indonesia, China, Sudan
b) Brazil, Romania, India, China, Spain
c) Brazil, Russia, Indonesia, China, South Africa
d) Brazil, Russia, India, China, South Africa
Answer »Answer: (d)
BRICS : Brazil, Russia, India, China and South Africa.
Question : 2
How many countries in Africa are members of the Organisation of Petroleum Exporting Countries (OPEC)?
a) Three
b) Two
c) Four
d) One
Answer »Answer: (c)
OPEC has twelve member countries: six in the Middle East, four in Africa, and two in South America. The African states in OPEC are: Nigeria, Algeria, Angola and Libya.
Question : 3
The World Trade Organisation (W.T.O) came into effect in
a) 1997
b) 1995
c) 1990
d) 1993
Answer »Answer: (b)
The World Trade Organization (WTO) that supervises and liberalizes international trade officially commenced on 1 January 1995 under the Marrakech Agreement. It replaced the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.
Question : 4
The World Bank normally gives:
a) medium and long-term loans
b) long-term loans
c) short-term loans
d) medium-term loans
Answer »Answer: (d)
The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank is one of four institutions created at the Bretton Woods Conference in 1944. The International Monetary Fund (IMF), a related institution, is another.
Question : 5
I.B.R.D. is also known as
a) Bank of America
b) Asian Development Bank
c) International Bank
d) World Bank
Answer »Answer: (d)
The International Bank for Reconstruction and Development (IBRD) is the first of five member institutions that compose the World Bank Group and is headquartered in Washington, D.C., United States.
Together, the International Bank for Reconstruction and Development and its concessional lending arm, the International Development Association, are collectively known as the World Bank.
Question : 6
Which country from the following is a permanent member of UN Security Council ?
a) Ukraine
b) Japan
c) Switzerland
d) People’s Rupublic of China
Answer »Answer: (d)
The Security Council held its first session on 17 January 1946 at Church House, Westminster, London. Since its first meeting, the Council, which exists in continuous session, has travelled widely, holding meetings in many cities, such as Paris and Addis Ababa, as well as at its current permanent home at the United Nations Headquarters in New York City.
There are 15 members of the Security Council, consisting of 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, and 10 elected non-permanent members with two-year terms.
This basic structure is set out in Chapter V of the UN Charter. Security Council members must always be present at UN headquarters in New York so that the Security Council can meet at any time
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