Free gk questions Online Test - MeritNotes

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1. The World Trade Organisation (WTO) is set up to take over functions of which of the following?

(a) ECA
(b) GATT
(c) IMF
(d) IUOTO

2. The World Investment Report (WIR) is published by which of the following bodies?

(a) General Agreement on Tariffs and Trade (GATT)
(b) International Monetary Fund (IMF)
(c) United Nations Conference on Trade and Development (UNCTAD)
(d) Organisation for Economic Cooperation and Development (OECD)

3. The International Bank for Reconstruction and Development is located at

(a) Geneva
(b) New York
(c) London
(d) Washington

4. The European Commission has approved the entry of ten countries into the European Union by 2004. Membership of which of the following countries has not been approved?

(a) Slovenia
(b) Hungary
(c) Poland
(d) Turkey

5. Which of the following types of borrowings from the IMF has the Softest servicing conditions

(a) SAF
(b) ESAF
(c) Second Trancha Loan
(d) Oil facility

6. A common currency for the members of the Common Market in Europe is known as

(a) Franc
(b) Pound
(c) Dollar
(d) Eurodollar

7. The Darrakesh Declaration adopted at the meeting of GATT was a result of when of the following

(a) Paris Conclave
(b) Uruguay Round
(c) Geneva Agreement
(d) Rome Declaration

8. The headquarters is IMF is situated in

(a) England
(b) Washington
(c) Tokyo
(d) New York

9. The developing countries have only a minor share of the world trade because

(a) they face fierce competition from trade grouping like the EEC.
(b) they produce mainly primary goods whose prices are low.
(c) their economics are not trade oriented.
(d) they lack the necessary infrastructure.

10. Which of the following deals with economic offences?

(a) MISA
(b) NSA
(c) COFEPOSA
(d) TADA

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