International Economic Organisations Questions with Solutions

45 questions17 easy25 medium3 hard

This topic covers international economic and financial organisations: the IMF, the World Bank group, the WTO, the Asian Development Bank, the New Development Bank, the AIIB, OPEC, the OECD and groupings such as the G20, along with their headquarters, founding and functions. Questions usually ask where an organisation is headquartered, when it was set up, and what it does. For example, the IMF and World Bank were created at the Bretton Woods Conference in 1944, the WTO replaced GATT in 1995, and the New Development Bank, set up by the BRICS countries, is headquartered in Shanghai. Practise the international economic organisations questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.

  1. Q1.

    The World Trade Organization (WTO) was established in:

    A. 1991B. 1995C. 1947D. 2001
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  2. Q2.

    The World Bank and the International Monetary Fund (IMF) are together known as the:

    A. Bretton Woods institutionsB. Washington TwinsC. Breton TwinsD. Paris Club institutions
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  3. Q3.

    Which major international organization has its headquarters located in Geneva, Switzerland, and primarily deals with regulating international trade and resolving trade disputes between its member nations?

    A. International Monetary Fund (IMF)B. World Trade Organization (WTO)C. World Health Organization (WHO)D. Organization of the Petroleum Exporting Countries (OPEC)
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  4. Q4.

    The South Asian Association for Regional Cooperation (SAARC) was established on:

    A. 8 December 1985 in DhakaB. 1 January 1995 in GenevaC. 8 August 1967 in BangkokD. 6 June 1997 in Bangkok
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  5. Q5.

    The headquarters of the World Trade Organization (WTO) is located in:

    A. Paris, FranceB. Geneva, SwitzerlandC. Washington DC, USAD. New York, USA
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  6. Q6.

    The headquarters of UNICEF (United Nations Children's Fund) is situated in:

    A. New YorkB. GenevaC. ViennaD. Paris
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  7. Q7.

    How many non-permanent members does the United Nations Security Council have?

    A. FiveB. FifteenC. TenD. Six
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  8. Q8.

    The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967 at:

    A. Jakarta, IndonesiaB. Manila, PhilippinesC. Bangkok, ThailandD. Kuala Lumpur, Malaysia
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  9. Q9.

    The International Labour Organization (ILO) was established in:

    A. 1920B. 1945C. 1946D. 1919
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  10. Q10.

    The headquarters of both the World Bank and the International Monetary Fund (IMF) are situated in:

    A. London, UKB. Geneva, SwitzerlandC. New York, USAD. Washington, D.C., USA
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  11. Q11.

    How many Sustainable Development Goals (SDGs) are included in the UN 2030 Agenda for Sustainable Development?

    A. TwentyB. TwelveC. SeventeenD. Eight
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  12. Q12.

    Canada, France, Germany, Italy, Japan, the United Kingdom and the United States are members of the:

    A. G20B. G7C. NATOD. OECD only
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  13. Q13.

    The regular annual session of the UN General Assembly begins every year in:

    A. JanuaryB. SeptemberC. DecemberD. June
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  14. Q14.

    What is the full form of UPU, a specialised agency of the United Nations?

    A. United Postal UnionB. United Parcel UnionC. Universal Peace UnionD. Universal Postal Union
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  15. Q15.

    What does CHOGM stand for?

    A. Commonwealth Heads of Government MeetingB. Commonwealth Habitat and Overseas Governance MissionC. Commonwealth Head Office of Government MinistersD. Council of Heads of Governments and Monarchs
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  16. Q16.

    What does the abbreviation 'SCO' stand for?

    A. South China OrganisationB. Shanghai Commonwealth OrganisationC. Silk-route Cooperation OrganisationD. Shanghai Cooperation Organisation
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  17. Q17.

    In the context of the United Nations, what does 'SDGs' stand for?

    A. Sustainable Dynamic GrowthB. Sustainable Development GoalsC. Social Development GuidelinesD. Strategic Development Goals
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