International Economic Additional Practice Test

12th Standard Economics — International Economic Organisations: Additional Online Practice Test

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Which country joined the International Monetary Fund as its 189th member in 2016?

A.Republic of Nauru B.Federal Republic of Somalia C.Principality of Andorra D.Republic of South Sudan

Which of the following is referred to as 'Paper Gold' and was created by the IMF in 1969?

A.Special Drawing Rights (SDRs) B.Extended Fund Facility C.Reserve Tranche D.Buffer Stock Facility

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% C.50% D.140%

In which year did the IMF establish the Compensatory Financing Facility (CFF) to help primary producing countries facing export shortfalls?

A.1945 B.1963 C.1969 D.1981

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) C.Multilateral Investment Guarantee Agency (MIGA) D.International Centre for Settlement of Investment Disputes (ICSID)

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)

Under the WTO TRIPs agreement, what is the specified period of protection granted for product patents?

A.7 years B.10 years C.20 years D.50 years

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) C.General Agreement on Trade in Services (GATS) D.Agreement on Agriculture (AoA)

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 months D.24 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 Union C.Common Market D.Economic Union

Q11

In which year was the South Asian Association for Regional Cooperation (SAARC) established?

A.1967 B.1985 C.1987 D.1995

Q12

Which country officially became the eighth member of SAARC in April 2007?

A.Afghanistan B.Myanmar C.Maldives D.Bhutan

Q13

In which year did India's relationship with ASEAN formally begin as a 'sectoral dialogue partner'?

A.1985 B.1992 C.1997 D.2010

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, China D.Johannesburg, South Africa

Q15

The five BRICS member nations collectively account for what percentage of global GDP?

A.15% B.21% C.43% D.50%

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About this International Economic Organisations test

This free online practice test covers International Economic Organisations from the 12th Standard Economics (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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