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 : Where is the oldest continuously functioning World Bank country office?

(a) New Delhi

(b) Paris

(c) Tokyo

(d) Bonn

The correct answers to the above question in:

Answer: (a)

India was among the 17 founding fathers who took part in the 1944 Bretton Woods conference which conceived the idea of the International Bank for Reconstruction and Development (IBRD) – commonly known as the “World Bank”.

The Bank’s New Delhi office, established in 1957, is the oldest continuously functioning World Bank country office. India, together with 184 other countries, owns the World Bank which is a cooperative of member nations.

All member countries are represented on the Bank’s Board, which holds the ultimate decision making power at the Bank.

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Question : 1

Which from the following countries is not a member of the European Union ?

a) Lithuania

b) Finland

c) Norway

d) Sweden

Answer: (c)

Applying in 1969 were Britain, Ireland, Denmark and Norway. Norway, however, declined to accept the invitation to become a member, and then later accepted with the electorate voting against it leaving just the UK, Ireland and Denmark to join.

But despite the setbacks and the withdrawal of Greenland from Denmark’s membership in 1985, three more countries joined the Communities before the end of the Cold War.

In 1987, the geographical extent of the project was tested when Morocco applied, and was rejected as it was not considered a European country.1990 saw the Cold War drawing to a close, and East Germany was welcomed into the community as part of a reunited Germany.

Shortly after, the previously neutral countries of Austria, Finland and Sweden acceded to the new European Union, though Switzerland, which applied in 2002, froze its application due to opposition from voters while Norway, which had applied once more, had its voters reject membership again.

Note: Brexit is a commonly used term for the United Kingdom’s planned withdrawal from the European Union. Following the 2016 referendum vote to leave, the UK government started the withdrawal process on 29 March 2017, putting the UK on course to leave by April 2019.

Question : 2

Who has been appointed World Bank’s new president ?

a) Lumen Daraj

b) Ban-Ki-Moon

c) Jim Yong Kim

d) Robert Zoelick

Answer: (c)

Jim Yong Kim took over as the President of World Bank on July 1,2012. He succeeded Robert Zoellick.

Question : 3

One of the following is also called as World Bank –

a) IDA

b) WTO

c) IMF

d) IBRD

Answer: (d)

The International Bank for Reconstruction and Development (IBRD), an international financial institution that offers loans to middle-income developing countries, is known as the World Bank.

It is the original World Bank institution and works closely with the rest of the World Bank Group to help developing countries reduce poverty, promote economic growth, and build prosperity.

Question : 4

The Security Council of UN consists of

a) 15 non-permanent members

b) 15 permanent members

c) 5 permanent and 10 nonpermanent members

d) 10 permanent and 5 nonpermanent members

Answer: (c)

At the U.N.’s founding in 1946, the five permanent members of the Security Council were the French Fourth Republic, the Republic of China, the United Kingdom, the United States of America, and the Soviet Union.

Under Article 27 of the UN Charter, Security Council decisions on all substantive matters require the affirmative votes of nine members. A negative vote or veto, also known as the rule of “great power unanimity”, by a permanent member prevents the adoption of a proposal.

Question : 5

Which of these countries is not a member of the U.N. ?

a) Switzerland

b) Syria

c) Turkey

d) Vatican City

Answer: (d)

weden was admitted into the United Nations Organization in 1946; Switzerland in 2002; and both Syrian Arab Republic and Turkey in 1945.

The United States recognizes 195 countries, 193 of which are part of the United Nations. The two countries that are not UN members are Vatican City (Holy See) and Palestine. Both are considered non-member states of the United Nations, allow them to participate as permanent observers of the General Assembly, and are provided access to UN documents.

Permanent observers of the United Nations often join the United Nations eventually as full members. This happens when member states recognize their independence and their governments and economies are stable enough to support the initiatives set forth by the UN.

Question : 6

Which of the following statements is/are in correct with regard to the International Bank for Reconstruction and Development (IBRD)?

  1. Established in 1945 as the original institution of the World Bank Group, IBRD is structured like a holding company.
  2. IBRD aims to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services.
Select the answer from the codes given below:

a) 1 and 2 both

b) 1 only

c) 2 only

d) None

Answer: (b)

Established in 1944, the International Bank for Reconstruction and Development (IBRD) is structured like a cooperative.

IBRD raises most of its funds on the world’s financial markets and has become one of the most established borrowers since issuing its first bond in 1947.

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