Historical Development of These International Financial Organizations - SS3 Economics Past Questions and Answers - page 1

1

When was the European Coal and Steel Community (ECA) created?

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A

 1944

B

1951

 

C

1960 

D

1995

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2

Which organization was established to promote international monetary cooperation and exchange rate stability?

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A

 International Monetary Fund (IMF)

B

World Trade Organization (WTO)

C

United Nations Conference on Trade and Development (UNCTAD)

D

Asian Development Bank (ADB)

 

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3

What is the primary function of the International Bank for Reconstruction and Development (IBRD)?

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A

To promote economic development in Asia and the Pacific

B

To provide loans and technical assistance to developing countries for economic development

 

C

To coordinate the production and trade of coal and steel among European countries

D

To promote free trade and reduce trade barriers among member countries

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4

What is the main purpose of the Organization of the Petroleum Exporting Countries (OPEC)?

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A

To provide loans and technical assistance to developing countries

B

To coordinate oil production policies and stabilize oil prices

C

To promote economic development in Asia and the Pacific

D

To promote free trade and reduce trade barriers among member countries

 

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5

Which organization was founded to promote economic development in Asia and the Pacific?

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A

 International Monetary Fund (IMF)

B

Asian Development Bank (ADB)

C

United Nations Conference on Trade and Development (UNCTAD)

D

World Association of Investment Promotion Agencies (WAIPA)

 

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6

Which organization was established to promote free trade and reduce trade barriers among member countries?

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A

International Bank for Reconstruction and Development (IBRD)

B

General Agreement on Tariffs and Trade (GATT)

C

World Association of Investment Promotion Agencies (WAIPA)

D

European Coal and Steel Community (ECA)

 

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7

When was the World Trade Organization (WTO) established?

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A

1944

B

1951

C

1964

D

1995 

 

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8

What is the purpose of the United Nations Conference on Trade and Development (UNCTAD)?

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9

Which international financial organization was founded in 1947 to promote free trade and reduce trade barriers among member countries?

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10

What is the primary function of the World Association of Investment Promotion Agencies (WAIPA)?

 

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