Global Economic Organizations MCQ Test: Global Economic Organizations MCQs - Practice Questions
1. Which international organization specializes in providing financial assistance and policy advice to low and middle-income countries for development projects?
2. What is the primary objective of the International Monetary and Financial Committee (IMFC) of the IMF?
3. 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?
4. Which international organization plays a key role in coordinating policies and addressing issues related to global food security?
5. What is the primary focus of the Financial Action Task Force (FATF) in the realm of international finance?
6. Which international organization is dedicated to promoting global financial stability by providing policy advice, financial assistance, and capacity development to its member countries?
7. What is the primary focus of the World Trade Organization (WTO) in the realm of international trade?
8. Which organization facilitates negotiations and agreements on international trade rules among its member countries?
9. Which organization is responsible for regulating and supervising global insurance and reinsurance companies to ensure financial stability?
10. What is the primary purpose of the Shanghai Cooperation Organization (SCO) in the realm of economic cooperation?
11. In the world of international finance, what does the term 'Balance of Payments' refer to?
12. Which global organization hosts the annual meeting in Davos, Switzerland, bringing together world leaders, business executives, and policymakers to discuss global economic issues?
13. What is the primary function of the International Accounting Standards Board (IASB)?
14. Which term refers to the deliberate downward adjustment of a country's currency value relative to another currency or a standard?
15. What is the primary purpose of the Common Agricultural Policy (CAP) in the European Union?
16. Which international organization provides financial assistance and economic policy advice to its member countries?
17. In the context of global economic structures, what does the term 'Islamic Development Bank (IsDB)' specialize in?
18. In the context of international finance, what does the acronym 'GDP' stand for?
19. What is the primary function of the World Customs Organization (WCO) in the realm of global economic structures?
20. In the realm of international finance, what role does the 'Bancor' play?