world organisations section 3 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) Geneva
(b) Washingtan D.C.
(c) Paris
(d) Vienna
The correct answers to the above question in:
Answer: (b)
The International Monetary Fund is headquartered in Washington, D.C., United States. It is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement.
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Question : 1
Human Development Index is prepared by
a) WHO
b) IMF
c) UNDP
d) WTO
Answer »Answer: (c)
Human Development Index (HDI) is published by the United Nations Development Programme (UNDP), the global development network of the United Nations.
HDI is a statistical tool used to measure a country’s overall achievement in terms of health of people, their level of education attainment and their standard of living.
Question : 2
World Trade Organisation has replaced
a) UNESCO.
b) UNIDO
c) UNICEF
d) GATT
Answer »Answer: (d)
World Trade Organisation came into being on January 1, 1995 when the GATT (General Agreement on Tariffs and Trade) formally transformed itself into this organisation. Its headquarters is in Geneva.
Question : 3
The main watchdog of International Trade is
a) World Bank (WB)
b) International Monetary Fund (IMF)
c) World Trade Organization (WTO)
d) International Finance Corporation (IFC)
Answer »Answer: (c)
The main watchdog of International Trade is World Trade Oragnisation (WTO). WTO is a permanent international trade body which replaced the General Agreement on Tariff and Trade (GATT) on January 1, 1995. Its headquarters is in Geneva. WTO administers trade agreements through various councils and committees.
Question : 4
Which one of the following is not a clause of World Trade Organisation?
a) Providing financial support to the countries having deficit balance of payments
b) Lowering trade barriers with negotiations
c) Most favoured nation treatment
d) Discouraging unfair trade practices, such as antidumping and export subsidies
Answer »Answer: (a)
Essentially, the WTO is a place where member governments go to try to sort out the trade problems they face with each other. The first step is to talk. The WTO was born out of negotiations, and everything the WTO does is the result of negotiations.
Question : 5
What is the full form of NATO ?
a) North American Treaty Organisation
b) North Asian Treaty Organisation
c) North African Treaty Organisation
d) North Atlantic Treaty Organisation
Answer »Answer: (d)
The North Atlantic Treaty Organization or NATO also called the (North) Atlantic Alliance, is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defence whereby its member states agree to mutual defence in response to an attack by any external party.
NATO’s headquarters are in Brussels, Belgium, one of the 28 member states across North America and Europe, the newest of which, Albania and Croatia, joined in April 2009.
An additional 22 countries participate in NATO’s Partnership for Peace, with 15 other countries involved in institutionalized dialogue programs. The combined military spending of all NATO members constitutes over 70% of the world’s defence spending.
Question : 6
World Bank helps countries with loans for the purpose of
a) meeting deficits in government budget
b) tackling foreign exchange crisis
c) reconstruction and development
d) stimulating private investment
Answer »Answer: (c)
The World Bank is an international financial institution that provides loans to developing countries for capital programs.
The World Bank’s official goal is the reduction of poverty. According to the World Bank’s Articles of Agreement (as amended effective 16 February 1989), all of its decisions must be guided by a commitment to promote foreign investment, international trade, and facilitate capital investment.
The effect of structural adjustment policies on poor countries has been one of the most significant criticisms of the World Bank. The 1979 energy crisis plunged many countries into an economic crisis.
The World Bank responded with structural adjustment loans which distributed aid to struggling countries while enforcing policy changes in order to reduce inflation and fiscal imbalance.
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