1. At present how many members are in the WTO?
(a). 160
(b). 164
(c). 207
(d). 195
2. Where is the headquarter of the WTO?
(a). New York
(b). Washington DC
(c). Geneva
(d). Austria
3. Which of the following statement is not true about the WTO?
(a). WTO is a permanent organisation
(b). Uruguay round gave the birth to the WTO
(c).Ministerial Conference is the highest policy making body of the WTO
(d).WTO was officially constituted on 1 January 1991.
4. Which of the following institutions is not part of the World Bank community?
(a) IBRD
(b) WTO
(c) IDA
(d) IFC
5. Which of the following country is not the member of the WTO?
(a).Iran
(b). Azerbaijan
(c). Belarus
(d). None of these
6. Which of the following statements is not correct?
(a) Both the IMF & IBRD have headquarters in Washington
(b) Both IMF & World Bank are the known as the Bretton Woods twins.
(c) IBRD is known as World Bank also
(d) India’s vote share in the International Monetary Fund is 10%
7. Which of the following is not the objective of the WTO?
(a). To improve the standard of living of peoples of the member countries
(b). To enlarge production and trade of goods
(c). To protect environment
(d). To improve the Balance of Payment situation of the member countries
8. Which of the following body is not related to the WTO?
(a). Dispute Settlement Body
(b).Trade Policy Review Body
(c). Council of trade in goods
(d). Exchange Rate Management Body
9. Which of the followings are called Brettonwoods Twins?
(A) IMF & International Bank for Reconstruction and Development (IBRD)
(B) IMF & World Trade Organisation
(C) IBRD & World Trade Organisation
(D) None of the above
10. Which of the following institution is associated with Dunkel Proposals?
(A) World Bank
(B) International Monetary Fund
(C) World Trade Organization
(D) United Nations Organization
ANSWER:-
1)(b). 164
2)(c). Geneva
3)(d).WTO was officially constituted on 1 January 1991.
4)(b) WTO
5)(d). None of these
6)(d) India’s vote share in the International Monetary Fund is 10%
7)(d). To improve the Balance of Payment situation of the member countries
8)(d). Exchange Rate Management Body
9)(A) IMF & International Bank for Reconstruction and Development (IBRD)
10)(C) World Trade Organization
