Every Book Back multiple-choice question from International Economic Organisations (12th Standard Economics, Samacheer Kalvi) — each with the correct option highlighted and a clear, worked explanation. Free to read in English and Tamil.
Q1
International Monetary Fund was an outcome of
- A. Pandung Conference
- B. Dunkel Draft
- C. Bretton Woods ConferenceCorrect
- D. Doha Conference
Explanation. The International Monetary Fund (IMF) was established along with the World Bank as a result of the Bretton Woods Conference held in 1944.
Q2
International Monetary Fund is having its headquarters at
- A. Washington D.C.Correct
- B. New York
- C. Vienna
- D. Geneva
Explanation. The headquarters of the International Monetary Fund (IMF) is located in Washington D.C., United States.
Q3
IBRD is otherwise called
- A. IMF
- B. World BankCorrect
- C. ASEAN
- D. International Finance Corporation
Explanation. The International Bank for Reconstruction and Development (IBRD) is commonly referred to as the World Bank.
Q4
The other name for Special Drawing Rights is
- A. Paper goldCorrect
- B. Quotas
- C. Voluntary Export Restrictions
- D. None of these
Explanation. Special Drawing Rights (SDRs) are also known as 'Paper Gold' because they serve as an international reserve asset created by the IMF.
Q5
The organization which provides long term loan is
- A. World BankCorrect
- B. International Monetary Fund
- C. World Trade Organisation
- D. BRICS
Explanation. The World Bank (IBRD) provides long-term development loans, whereas the International Monetary Fund (IMF) focuses on short-term balance of payments support.
Q6
Which of the following countries is not a member of SAARC?
- A. Sri Lanka
- B. JapanCorrect
- C. Bangladesh
- D. Afghanistan
Explanation. Japan is not a member of SAARC, which stands for the South Asian Association for Regional Cooperation.
Q7
International Development Association is an affiliate of
- A. IMF
- B. World BankCorrect
- C. SAARC
- D. ASEAN
Explanation. The International Development Association (IDA), which provides highly concessional loans, is an affiliate of the World Bank Group.
Q8
__________ relates to patents, copyrights, trade secrets, etc.,
- A. TRIPSCorrect
- B. TRIMS
- C. GATS
- D. NAMA
Explanation. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) governs international standards for intellectual property rights like patents and copyrights.
Q9
The first ministerial meeting of WTO was held at
- A. SingaporeCorrect
- B. Geneva
- C. Seattle
- D. Doha
Explanation. The World Trade Organization (WTO) held its first-ever ministerial conference in Singapore in December 1996.
Q10
ASEAN meetings are held once in every __________ years
- A. 2
- B. 3Correct
- C. 4
- D. 5
Explanation. The ASEAN Summit, consisting of the heads of state of member countries, meets once every three years.
Q11
Which of the following is not the member of SAARC?
- A. Pakistan
- B. Sri Lanka
- C. Bhutan
- D. ChinaCorrect
Explanation. China is not a member of SAARC, though it remains geographically adjacent to several member countries.
Q12
SAARC meets once in __________ years.
- A. 2Correct
- B. 3
- C. 4
- D. 5
Explanation. The South Asian Association for Regional Cooperation (SAARC) summits are scheduled to take place once every two years.
Q13
The headquarters of ASEAN is
- A. JakartaCorrect
- B. New Delhi
- C. Colombo
- D. Tokyo
Explanation. The secretariat and official headquarters of the Association of Southeast Asian Nations (ASEAN) is located in Jakarta, Indonesia.
Q14
The term BRIC was coined in
- A. 2001Correct
- B. 2005
- C. 2008
- D. 2010
Explanation. The acronym BRIC (referring to Brazil, Russia, India, and China) was first introduced in 2001 before South Africa's inclusion in 2010.
Q15
ASEAN was created in
- A. 1965
- B. 1967Correct
- C. 1972
- D. 1997
Explanation. ASEAN was established on August 8, 1967, in Bangkok by the five founding member countries.
Q16
The Tenth BRICS Summit was held in July 2018 at
- A. Beijing
- B. Moscow
- C. JohannesburgCorrect
- D. Brasilia
Explanation. The Tenth BRICS Summit was hosted in Johannesburg, South Africa, in July 2018.
Q17
New Development Bank is associated with
- A. BRICSCorrect
- B. WTO
- C. SAARC
- D. ASEAN
Explanation. The New Development Bank, formerly referred to as the BRICS Development Bank, was established by the BRICS member states.
Q18
Which of the following does not come under 'Six dialogue partners' of ASEAN?
- A. China
- B. Japan
- C. India
- D. North KoreaCorrect
Explanation. The six dialogue partners of ASEAN are China, Japan, India, South Korea, New Zealand, and Australia, so North Korea is not included.
Q19
SAARC Agricultural Information Centre (SAIC) works as a central information institution for agriculture related resources was founded on
- A. 1985
- B. 1988Correct
- C. 1992
- D. 1998
Explanation. The SAARC Agricultural Information Centre was established in 1988 as a central institution to handle agricultural and allied resources.
Q20
BENELUX is a form of
- A. Free trade area
- B. Economic Union
- C. Common market
- D. Customs unionCorrect
Explanation. BENELUX represents a customs union formed by Belgium, the Netherlands, and Luxembourg, which maintains zero internal tariffs and a common external tariff.
