15 extra multiple-choice questions for International Economic Organisations (12th Standard Economics, Samacheer Kalvi), beyond the ones printed in the textbook — each with the correct option highlighted and a clear, worked explanation. Free to read in English and Tamil.
Q1
Which country joined the International Monetary Fund as its 189th member in 2016?
- A. Republic of NauruCorrect
- B. Federal Republic of Somalia
- C. Principality of Andorra
- D. Republic of South Sudan
Explanation. In 2016, the Republic of Nauru joined the International Monetary Fund, becoming its 189th member country.
Q2
Which of the following is referred to as 'Paper Gold' and was created by the IMF in 1969?
- A. Special Drawing Rights (SDRs)Correct
- B. Extended Fund Facility
- C. Reserve Tranche
- D. Buffer Stock Facility
Explanation. Special Drawing Rights (SDRs), introduced by the IMF in 1969 to address international liquidity, are widely known as 'Paper Gold'.
Q3
Under the Basic Credit Facility of the IMF, what is the maximum percentage of its quota that a member nation can borrow unconditionally in a year?
- A. 15%
- B. 25%Correct
- C. 50%
- D. 140%
Explanation. A member country has the right to borrow unconditionally up to 25% of its IMF quota annually, which is referred to as the reserve tranche.
Q4
In which year did the IMF establish the Compensatory Financing Facility (CFF) to help primary producing countries facing export shortfalls?
- A. 1945
- B. 1963Correct
- C. 1969
- D. 1981
Explanation. The IMF established the Compensatory Financing Facility in 1963 to provide additional assistance to primary producing member nations experiencing temporary export shortfalls.
Q5
Which organization under the World Bank Group is known as the 'Soft Loan Window' of the bank?
- A. International Finance Corporation (IFC)
- B. International Development Association (IDA)Correct
- C. Multilateral Investment Guarantee Agency (MIGA)
- D. International Centre for Settlement of Investment Disputes (ICSID)
Explanation. The International Development Association (IDA) is called the 'Soft Loan Window' of the World Bank because it provides long-term loans at extremely low interest rates.
Q6
Which of the following World Bank Group organizations is India NOT a member of?
- A. International Bank for Reconstruction and Development (IBRD)
- B. International Finance Corporation (IFC)
- C. Multilateral Investment Guarantee Agency (MIGA)
- D. International Centre for Settlement of Investment Disputes (ICSID)Correct
Explanation. India is a member of four out of the five constituents of the World Bank Group, but it is not a member of ICSID.
Q7
Under the WTO TRIPs agreement, what is the specified period of protection granted for product patents?
- A. 7 years
- B. 10 years
- C. 20 yearsCorrect
- D. 50 years
Explanation. According to the Agreement on TRIPs under the WTO, product patents are granted a standardized protection period of 20 years.
Q8
Which WTO agreement calls for introducing equal treatment for foreign companies on par with domestic national companies?
- A. Agreement on Trade Related Intellectual Property Rights (TRIPs)
- B. Agreement on Trade Related Investment Measures (TRIMs)Correct
- C. General Agreement on Trade in Services (GATS)
- D. Agreement on Agriculture (AoA)
Explanation. The TRIMs agreement under the WTO requires member countries to remove investment restrictions and treat foreign companies on par with domestic firms.
Q9
What is the maximum timeline mandated for the Dispute Settlement Body of the WTO to resolve any trade dispute?
- A. 6 months
- B. 12 months
- C. 18 monthsCorrect
- D. 24 months
Explanation. The Dispute Settlement Body is designed to prevent procedural delays by mandating that any trade dispute be resolved within 18 months.
Q10
Which type of trade integration is defined as a free trade area with a common external tariff applied to non-members?
- A. Free Trade Area
- B. Customs UnionCorrect
- C. Common Market
- D. Economic Union
Explanation. A customs union is a trade bloc that removes internal tariffs among members and establishes a common external tariff for non-member trade.
Q11
In which year was the South Asian Association for Regional Cooperation (SAARC) established?
- A. 1967
- B. 1985Correct
- C. 1987
- D. 1995
Explanation. SAARC was established on December 8, 1985, to foster regional friendship and accelerate economic and social progress in South Asia.
Q12
Which country officially became the eighth member of SAARC in April 2007?
- A. AfghanistanCorrect
- B. Myanmar
- C. Maldives
- D. Bhutan
Explanation. In April 2007, Afghanistan formally joined the South Asian Association for Regional Cooperation (SAARC) as its eighth member state.
Q13
In which year did India's relationship with ASEAN formally begin as a 'sectoral dialogue partner'?
- A. 1985
- B. 1992Correct
- C. 1997
- D. 2010
Explanation. India initiated its formal association with ASEAN in 1992 by becoming a sectoral dialogue partner.
Q14
Where is the headquarters of the New Development Bank (NDB), established by the BRICS states, located?
- A. New Delhi, India
- B. Moscow, Russia
- C. Shanghai, ChinaCorrect
- D. Johannesburg, South Africa
Explanation. The New Development Bank (NDB), established by the BRICS nations, has its headquarters located in Shanghai, China.
Q15
The five BRICS member nations collectively account for what percentage of global GDP?
- A. 15%
- B. 21%Correct
- C. 43%
- D. 50%
Explanation. Collectively, the BRICS nations are home to 43 percent of the global population but contribute 21 percent of the world's GDP.
About these International Economic Organisations questions
These are the Additional multiple-choice questions for International Economic Organisations from the Tamil Nadu State Board (Samacheer Kalvi) 12th Standard Economics syllabus. Each question shows the correct option and an original, step-by-step explanation so you understand the method, not just the answer. Use the answer key above to jump to any question, then take the practice test to check yourself under exam-like conditions.
Frequently asked questions
How many MCQs are there in International Economic Organisations?
This chapter has 15 book-back multiple-choice questions, each with the correct answer and a step-by-step explanation.
Are these 12th Standard Economics MCQs free to practise online?
Yes. Every question, answer and explanation here is free, and you can also take them as a timed practice test.
Where can I find the International Economic Organisations book-back answers?
The correct option for each question is highlighted on this page with a worked explanation, plus a quick answer-key summary at the top.
