world organisations section 2 MCQ Questions & Answers Detailed Explanation

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The following question based on world organisations topic of general awareness mcq

Questions : The World Trade Organisation (W.T.O) came into effect in

(a) 1997

(b) 1995

(c) 1990

(d) 1993

The correct answers to the above question in:

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.

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Question : 1

Where is the headquarters of INTERPOL ?

a) Geneva.

b) Lyons

c) Paris

d) London

Answer: (b)

The headquarters of INTERPOL are located in Lyons. INTERPOL was established in 1923 with headquarters in Paris. After a terrorist bomb blast in May 1986, the headquarters were shifted to Lyons.

Question : 2

The member states of the U.N.O. have delegated the primary responsibility for maintaining world peace and security to the –

a) International Court of Justice

b) Security Council

c) General Assembly

d) Economic and Social Council (EcoSoc)

Answer: (b)

The United Nations Security Council (UNSC) is one of the principal organs of the United Nations and is charged with the maintenance of international peace and security.

Its powers, outlined in the United Nations Charter, include the establishment of peacekeeping operations, the establishment of international sanctions, and the authorization of military action. Its powers are exercised through United Nations Security Council resolutions.

The Security Council held its first session on 17 January 1946 at Church House, Westminster, London. The UN Charter is a multilateral treaty. It is the constitutional document that distributes powers and functions among the various UN organs.

It authorizes the Security Council to take action on behalf of the members and to make decisions and recommendations.

Question : 3

Consider the following statements regarding the Asian Development Bank:

  1. Since its founding in 1966, ADB has been driven by an inspiration and dedication to improving people’s lives in Asia and the Pacific.
  2. The main devices for assistance are loans, grants, policy dialogue, technical assistance and equity investments.
Which of the above statements is/are correct?

a) 1 and 2 both

b) 2 only

c) 1 only

d) None

Answer: (a)

The Asian Development Bank aims for an Asia and Pacific free from poverty. Approximately 1.7 billion people in the region are poor and unable to access essential goods, services, assets and opportunities to which every human is entitled.

Question : 4

How many countries in Africa are members of the Organisation of Petroleum Exporting Countries (OPEC)?

a) Three

b) Two

c) Four

d) One

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 : 5

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: (d)

BRICS : Brazil, Russia, India, China and South Africa.

Question : 6

India’s share in world trade since 1950.

a) has shown a mixed trend

b) has been declining

c) has been rising

d) has been constant

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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