Global Economic Organizations MCQ Test: Global Economic Organizations MCQs - Practice Questions
1. Which international organization is responsible for regulating and supervising global banking activities to ensure financial stability?
2. What is the primary goal of the Basel Convention in the realm of global environmental protection?
3. In the context of global economic structures, what does the term 'Islamic Development Bank (IsDB)' specialize in?
4. What is the primary function of the World Customs Organization (WCO) in the realm of global economic structures?
5. Which organization is responsible for regulating and supervising global insurance and reinsurance companies to ensure financial stability?
6. Which international organization provides financial assistance and economic policy advice to its member countries?
7. What term refers to the economic system in which businesses and individuals operate for profit with limited government interference?
8. In the context of international finance, what does the acronym 'GDP' stand for?
9. What is the primary function of the International Accounting Standards Board (IASB)?
10. In the realm of international finance, what role does the 'Bancor' play?
11. Which international organization aims to enhance global financial transparency by setting standards for the exchange of financial account information between countries?
12. What term describes a situation where a country's imports exceed its exports, leading to a deficit in the balance of trade?
13. Which agreement aims to regulate the conduct of multinational enterprises and promote responsible business practices?
14. What term describes the ability of a country to produce a particular good or service more efficiently than another country, allowing it to focus on producing that good or service?
15. Which organization provides financial and technical assistance to developing countries for projects that promote economic development?
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 does the term 'Foreign Direct Investment (FDI)' entail?
18. Which international organization aims to facilitate dialogue and cooperation among countries in the Asia-Pacific region to address economic, social, and environmental challenges?
19. Which organization plays a key role in coordinating international efforts to combat money laundering and terrorist financing?
20. Which organization plays a key role in coordinating international monetary cooperation, exchange rate stability, and facilitating the development of free-flowing international trade?
21. What is the primary focus of the Financial Stability Board (FSB) in the realm of global economic structures?
22. What is the significance of the Gini coefficient in the context of global economic analysis?
23. What term is used to describe a situation where a country intentionally restricts the quantity or value of goods it imports or exports?
24. Which international organization is responsible for regulating and supervising international shipping to prevent accidents, pollution, and ensure maritime safety?
25. Which international agreement sets standards for the protection of intellectual property rights globally?
26. Which international organization focuses on promoting universal access to telecommunications services and fostering the development of efficient communication networks worldwide?
27. What is the primary function of the International Labour Organization (ILO) in the realm of global economic structures?
28. What is the primary focus of the World Trade Organization (WTO) in the realm of international trade?
29. Which international organization specializes in providing financial assistance and policy advice to low and middle-income countries for development projects?
30. What term describes a situation where a country exports more goods and services than it imports?