Global Economic Organizations MCQ Test 1

1. In the context of global economic structures, what does the term 'Islamic Development Bank (IsDB)' specialize in?

2. What is the primary focus of the Financial Stability Board (FSB) in the realm of global economic structures?

3. Which international organization focuses on promoting universal access to telecommunications services and fostering the development of efficient communication networks worldwide?

4. What term is used to describe a situation where a country intentionally restricts the quantity or value of goods it imports or exports?

5. What is the primary focus of the Eurasian Economic Union (EEU) in the realm of economic cooperation?

6. What is the primary objective of the International Finance Corporation (IFC) within the World Bank Group?

7. Which international organization is responsible for regulating and supervising global banking activities to ensure financial stability?

8. Which global economic organization conducts the Doing Business report, evaluating the ease of doing business in various countries?

9. What is the primary goal of the United Nations (UN) in the economic context?

10. What is the primary function of the World Customs Organization (WCO) in the realm of global economic structures?

11. Which global economic forum brings together leaders from business, government, and academia to discuss pressing economic issues and shape global, regional, and industry agendas?

12. What is the primary objective of the International Monetary and Financial Committee (IMFC) of the IMF?

13. Which international organization is responsible for regulating and supervising international shipping to prevent accidents, pollution, and ensure maritime safety?

14. What is the primary focus of the International Organization of Securities Commissions (IOSCO)?

15. Which organization plays a key role in coordinating international monetary cooperation, exchange rate stability, and facilitating the development of free-flowing international trade?

16. What is the primary objective of the Bank for International Settlements (BIS) in the realm of global economic structures?

17. In the context of international finance, what is the purpose of the International Monetary Fund's (IMF) Special Drawing Rights (SDRs)?

18. Which international organization plays a key role in coordinating policies and addressing issues related to global food security?

19. What is the primary objective of the Organisation for Economic Co-operation and Development (OECD) in the realm of global economic structures?

20. What is the primary function of the United Nations Conference on Trade and Development (UNCTAD)?

21. Which agreement aims to regulate the conduct of multinational enterprises and promote responsible business practices?

22. What is the primary focus of the World Trade Organization (WTO) in the realm of international trade?

23. What is the primary purpose of the International Finance Corporation (IFC) in the realm of global economic structures?

24. What is the primary goal of the International Telecommunication Union (ITU)?

25. What is the primary goal of the Basel Convention in the realm of global environmental protection?

26. What term describes a situation where a country's imports exceed its exports, leading to a deficit in the balance of trade?

27. What term describes a situation where a country intentionally reduces the value of its currency to gain a competitive advantage in international trade?

28. What is the primary focus of the World Bank's activities?

29. Which agreement sets rules for international trade and aims to ensure that trade flows as smoothly, predictably, and freely as possible?

30. In the world of international finance, what does the term 'Balance of Payments' refer to?

31. Which organization focuses on coordinating global efforts to address climate change and promote sustainable development?

32. Which organization facilitates negotiations and agreements on international trade rules among its member countries?

33. Which term refers to a situation where a country's currency is pegged to the value of another major currency, and the exchange rate is maintained within a narrow band?

34. In the context of international finance, what does the term 'Special Drawing Rights (SDRs)' represent?

35. What term describes an economic system where the means of production and distribution are owned and controlled by the state?

36. What term refers to the economic system in which businesses and individuals operate for profit with limited government interference?

37. What is the primary focus of the World Intellectual Property Organization (WIPO) in the realm of global economic structures?

38. In the context of international finance, what does the acronym 'GDP' stand for?

39. What international agreement aims to promote global cooperation in addressing climate change and its impacts?

40. What is the primary purpose of the International Monetary Fund (IMF) in the global economic system?

41. In the context of international finance, what does the term 'Special Drawing Rights (SDRs)' refer to?

42. What is the primary function of the Financial Stability Board (FSB) in the global financial system?

43. What is the primary purpose of the Common Agricultural Policy (CAP) in the European Union?

44. What is the primary function of the International Labour Organization (ILO) in the realm of global economic structures?

45. Which term refers to the deliberate downward adjustment of a country's currency value relative to another currency or a standard?

46. Which international organization specializes in providing financial assistance and policy advice to low and middle-income countries for development projects?

47. What is the primary function of the International Accounting Standards Board (IASB)?

48. Which organization focuses on coordinating global efforts to combat corruption by promoting and implementing anti-corruption policies?

49. Which international organization is dedicated to promoting global financial stability by providing policy advice, financial assistance, and capacity development to its member countries?

50. What is the significance of the Gini coefficient in the context of global economic analysis?