International Economic Organizations MCQs with Answer
Which of the following is the primary aim of the International Monetary Fund (IMF)?
A) Promoting global trade
B) Providing loans to developing countries
C) Ensuring economic stability worldwide
D) Regulating international banking systems
What is the World Trade Organization (WTO) responsible for?
A) Promoting peace among nations
B) Monitoring human rights practices globally
C) Regulating international trade agreements
D) Managing international military alliances
Which of the following is a primary function of the World Bank?
A) Promoting environmental sustainability
B) Reducing poverty and supporting development projects
C) Regulating global financial markets
D) Facilitating international political negotiations
Which organization aims to promote the economic and social development of its member countries in Asia?
A) European Union (EU)
B) Association of Southeast Asian Nations (ASEAN)
C) Asian Development Bank (ADB)
D) North American Free Trade Agreement (NAFTA)
Which organization focuses on providing technical assistance and research to developing countries?
A) World Health Organization (WHO)
B) International Labour Organization (ILO)
C) United Nations Development Programme (UNDP)
D) International Atomic Energy Agency (IAEA)
What is the primary focus of the Organization of the Petroleum Exporting Countries (OPEC)?
A) Promoting peace in the Middle East
B) Stabilizing the prices of crude oil
C) Encouraging investment in renewable energy
D) Regulating global banking systems
The International Labour Organization (ILO) primarily works to:
A) Provide loans to countries
B) Promote workers’ rights and fair labor practices
C) Resolve international trade disputes
D) Support global financial markets
Which of the following organizations aims to eliminate extreme poverty and foster sustainable economic growth?
A) The World Bank
B) The World Health Organization
C) The International Monetary Fund
D) The World Economic Forum
Which organization is responsible for monitoring global financial systems and providing financial stability?
A) The World Economic Forum
B) The International Monetary Fund (IMF)
C) The Bank for International Settlements (BIS)
D) The United Nations
Which organization was created to regulate trade agreements and settle trade disputes?
A) World Trade Organization (WTO)
B) International Labour Organization (ILO)
C) International Monetary Fund (IMF)
D) United Nations Economic and Social Council (ECOSOC)
Which organization was founded to provide loans to developing countries for large infrastructure projects?
A) World Health Organization (WHO)
B) Asian Development Bank (ADB)
C) International Monetary Fund (IMF)
D) International Criminal Court (ICC)
Which of the following organizations focuses on achieving global peace and security by promoting cooperation among nations?
A) European Union (EU)
B) United Nations (UN)
C) North Atlantic Treaty Organization (NATO)
D) International Criminal Court (ICC)
Which economic organization is tasked with providing assistance to the least developed countries (LDCs)?
A) The World Bank
B) The International Monetary Fund
C) The United Nations Economic and Social Council
D) The Organization for Economic Cooperation and Development
Which organization represents the world’s central banks and sets the framework for international financial and monetary cooperation?
A) Bank for International Settlements (BIS)
B) International Monetary Fund (IMF)
C) World Bank
D) Organization of Economic Cooperation and Development (OECD)
The European Union (EU) is an economic and political union of countries located primarily in:
A) Asia
B) Africa
C) Europe
D) South America
Which of the following is a goal of the United Nations Economic and Social Council (ECOSOC)?
A) Promoting global security
B) Advancing social and economic development
C) Regulating world trade
D) Protecting human rights
Which of the following international financial organizations provides grants and loans to countries in need of economic stabilization?
A) The World Bank
B) The International Labour Organization (ILO)
C) The European Central Bank
D) The International Criminal Court (ICC)
The Group of Seven (G7) is a group of major industrial nations that:
A) Promote free trade agreements
B) Foster political and economic cooperation
C) Regulate international labor laws
D) Monitor human rights abuses worldwide
Which organization focuses on fostering long-term global financial stability and sustainable economic development?
A) The World Bank
B) The International Monetary Fund
C) The Organization for Economic Cooperation and Development (OECD)
D) The World Trade Organization
Which organization provides a forum for member states to discuss and resolve international economic issues?
A) The United Nations Economic and Social Council (ECOSOC)
B) The World Trade Organization (WTO)
C) The International Monetary Fund (IMF)
D) The Organization of the Petroleum Exporting Countries (OPEC)
Which of the following is a major responsibility of the International Labour Organization (ILO)?
A) Promoting global peace
B) Ensuring fair labor standards and protecting workers’ rights
C) Negotiating international trade deals
D) Monitoring global financial markets
Which organization was established to promote multilateral investment agreements and facilitate economic cooperation among its members?
A) The World Bank
B) The International Monetary Fund
C) The World Trade Organization
D) The Organization for Economic Cooperation and Development
The International Finance Corporation (IFC) focuses on:
A) Providing financial services to the private sector for development projects
B) Setting up global economic policies
C) Managing international investment portfolios
D) Ensuring fair trade laws across borders
Which organization’s main goal is to provide loans to countries in need for the construction of infrastructure projects?
A) The World Bank
B) The United Nations
C) The International Monetary Fund
D) The Organization for Economic Cooperation and Development
Which financial institution focuses primarily on fostering global economic growth and stability through lending and monetary cooperation?
A) The International Monetary Fund (IMF)
B) The Bank for International Settlements (BIS)
C) The World Bank
D) The European Central Bank
Which organization aims to regulate and oversee global oil prices and ensure supply stabilization?
A) The World Bank
B) The International Monetary Fund
C) The Organization of the Petroleum Exporting Countries (OPEC)
D) The World Trade Organization
Which organization was created to monitor and address global monetary issues and exchange rate stability?
A) The World Trade Organization (WTO)
B) The International Monetary Fund (IMF)
C) The International Finance Corporation (IFC)
D) The European Union
Which organization provides financial assistance to developing countries to help alleviate poverty and support long-term development?
A) The European Union (EU)
B) The International Labour Organization (ILO)
C) The World Bank
D) The United Nations