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12th Standard Economics International Economic Organisations English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

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Economics

Time : 00:20:00 Hrs
Total Marks : 20

    Answer all the questions

    20 x 1 = 20
  1. International Monetary Fund was an outcome of

    (a)

    Pandung Conference

    (b)

    Dunkel Draft

    (c)

    Bretton Woods Conference

    (d)

    Doha Conference

  2. International Development Association is an affiliate of

    (a)

    IMF

    (b)

    World Bank

    (c)

    SAARC

    (d)

    ASEAN

  3. The first ministerial meeting ofWTO was held at

    (a)

    Singapore

    (b)

    Geneva

    (c)

    Seattle

    (d)

    Doha

  4. Which of the following is not the member of SAARC?

    (a)

    Pakistan

    (b)

    Sri Lanka

    (c)

    Bhutan

    (d)

    China

  5. The term BRIC was coined in

    (a)

    2001

    (b)

    2005

    (c)

    2008

    (d)

    2010

  6. The Tenth BRICS Summit was held in July 2018 at

    (a)

    Beijing

    (b)

    Moscow

    (c)

    Johannesburg

    (d)

    Brasilia

  7. SAARC Agricultural Information Centre (SAle) works as a central information institution for agriculture related resources was founded on

    (a)

    1985

    (b)

    1988

    (c)

    1992

    (d)

    1998

  8. Head quarters of SAARC is in

    (a)

    Kathmandu

    (b)

    Bangkok

    (c)

    shanghai

    (d)

    Singapore

  9. Head quarters of BRICS is in

    (a)

    Shanghai

    (b)

    India

    (c)

    Sri lanka

    (d)

    Bhutan

  10. World Bank is otherwise called ______.

    (a)

    ASEAN

    (b)

    IBRD

    (c)

    International finance

    (d)

    SAARC

  11. The IMF and World Bnak were started in ________.

    (a)

    1945

    (b)

    1965

    (c)

    1895

    (d)

    1780

  12. Unconditionally borrowing right is called as __________.

    (a)

    special drawing right

    (b)

    the reserve tranche

    (c)

    both (a) and (b)

    (d)

    none of the above

  13. The International Bank for reconstruction and development otherwise called _______.

    (a)

    SBI

    (b)

    RBI

    (c)

    World Bank

    (d)

    ICICI

  14. The first WTO conference was held at ________ in 1996.

    (a)

    Singapore

    (b)

    Morocco

    (c)

    Hong Kong

    (d)

    Malaysia

  15. The Great Depression of 1930s and World War II led to purely …………… in which almost every country imposed trade restrictions, exchange controls and exchange depreciation.

    (a)

    global policies

    (b)

    local policies

    (c)

    nationalistic policies

    (d)

    none of above

  16. What was the initial term proposed for the coining of GATT?

    (a)

    OTP

    (b)

    ITP

    (c)

    SAF

    (d)

    SDR

  17. When several countries jointly impose common external tariffs, eliminate tariffs on each other,and eliminate barriers to the movement of labor and capital among themselves, they have formeda/an

    (a)

    free trade area

    (b)

    customs union

    (c)

    common market

    (d)

    economic union

  18. Which of the following institution is associated with Dunkel Proposals?

    (a)

    World Bank

    (b)

    International Monetary Fund

    (c)

    World Trade Organization

    (d)

    United Nations Organization

  19. WTO is serving as the successor to which of the following organisations?

    (a)

    General Agreement on Trade and Tariffs

    (b)

    General Arrangement on Trade and Tariffs

    (c)

    World Health Organisation

    (d)

    UN Development Programme

  20. Assertion (A): IMF enforces the system of determination of par values of the currencies of the member countries
    Reason (R): According to the Articles of Agreement of the IMF, every member nation should declare the par value of its currency in terms of gold or US dollars.

    (a)

    Both A and R are true and R is the correct explanation of A.

    (b)

    Both A and R are true but R is not the correct explanation of A.

    (c)

    A is true but R is false.

    (d)

    A is false but R is true.

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