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World bank - class-XI

Description: world bank
Number of Questions: 16
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Tags: organisation of commerce and management facilitators of international business institutes supporting business commerce
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The objective of the World Bank is _____________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. to remove the short term disequilibrium is the balance of payments of the member countries

  2. to eliminate the long term disequilibrium in the balance of payments of the member of countries

  3. to eliminate the medium term disequilibrium in the balance of payments of the member of countries

  4. all the above

Show answer
Correct Option: B

The acronym for general agreement for tariffs and trade is _________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. WTO

  2. IMF

  3. GATT

  4. ITO

Show answer
Correct Option: C
Explanation:

The acronym for General Agreement for Tariffs and Trade is GATT. The main aim of GATT is to promote international trade by eliminating trade barriers.

Which of the following are international trade institutions?

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. IMF

  2. IBRD

  3. ITO

  4. All of the above

Show answer
Correct Option: D
Explanation:

International trade institutions are established for various aspects and regulations in the international trade, some of these institutions are International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD), International Trade Organization (ITO). 

The World Bank is significantly involved in eradication of poverty through raising productivity.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

The world bank is significantly involved in eradication of poverty through raising productivity in the underdeveloped nations by helping them in industrial and agricultural economies and creating employment opportunities for the poor.

The Foreign Exchange Management Act (FEMA) was implemented in the year _______.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. 1996

  2. 1997

  3. 1998

  4. 1999

Show answer
Correct Option: D
Explanation:

The Foreign Exchange Management Act (FEMA) was implemented in the year 1999, it is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

In the World Bank's Ease of doing Business Ranking, 2015 India is placed at _________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. 154 place out of the total 184 economies

  2. 142 place out of the total 189 economies

  3. 148 place out of the total 190 economies

  4. 146 place out of the total 188 economies

Show answer
Correct Option: B

The main objective of ITO  was to promote and facilitate international trade among member nations.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

The main objective of ITO  was to promote and facilitate international trade among member nations, ITO was an international trade institution which is now also know as the WTO World Trade Oregannization.

The principal objective of the Foreign Exchange Regulation Act (FFRA) is _______.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. to regulate dealings in foreign exchange and securities

  2. to regulate foreign companies

  3. to regulate domestic trade

  4. to regulate employment of foreign nationals

Show answer
Correct Option: A

In the initial stages of development, __________ imports will be high.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. capital and technological

  2. maintenance

  3. both (a) and (b)

  4. neither (a) nor (b)

Show answer
Correct Option: A

The world bank is a group of ______ international financial organizations.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. five

  2. three

  3. six

  4. four

Show answer
Correct Option: A
Explanation:

 The World Bank Group consists of five member institutions: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes

The term 'ISO' stands for ______________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. International Organisation for Standardisation

  2. International Standardisation for Organisation

  3. Indian Standard Organisation

  4. International Standards for Organisations

Show answer
Correct Option: A

The world bank provides resources for __________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. education

  2. sanitation

  3. health care

  4. all of the above

Show answer
Correct Option: D
Explanation:

The world bank provides resources for education, sanitation, health care in the nations that lack such resources.

World bank is also known as __________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. GATT

  2. WTO

  3. ITO

  4. IBRD

Show answer
Correct Option: D
Explanation:

The world bank is also known as International Bank for Reconstruction and Development (IBRD).

The world bank was set  up for the reconstruction of war-effected economies of Europe.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.

The world bank diverted their resources to _______  & ________ for the underdeveloped nations.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. infrastructure, finance

  2. industrial, agriculture

  3. import, export

  4. neither of the above

Show answer
Correct Option: B
Explanation:

The world bank diverted their resources to industrial and agricultural help for the underdeveloped nations. Industrial and agricultural situations are the primary base to the development of an underdeveloped nation.

The headquarters of the World bank is in __________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. Switzerland

  2. Washington D.C

  3. Berlin

  4. London

Show answer
Correct Option: B
Explanation:

The headquarters of the World bank is in Washington D.C

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