International Economic Institutions

Description: This quiz is designed to test your knowledge about various international economic institutions and their roles in the global economy.
Number of Questions: 15
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Tags: international economics economic institutions global economy
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Which international financial institution is responsible for promoting economic growth and stability in the Asia-Pacific region?

  1. International Monetary Fund (IMF)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: C
Explanation:

The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic growth and cooperation in the Asia-Pacific region.

What is the primary objective of the World Trade Organization (WTO)?

  1. To promote free trade and reduce trade barriers

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: A
Explanation:

The World Trade Organization (WTO) is an international organization that aims to promote free trade and reduce trade barriers among its member countries.

Which international economic institution is responsible for providing financial assistance to developing countries?

  1. International Monetary Fund (IMF)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: B
Explanation:

The World Bank is an international financial institution that provides financial assistance to developing countries for various infrastructure and development projects.

What is the primary function of the International Monetary Fund (IMF)?

  1. To promote free trade and reduce trade barriers

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: C
Explanation:

The International Monetary Fund (IMF) is an international organization that aims to regulate international monetary policy, provide financial assistance to member countries, and promote economic stability.

Which international economic institution is responsible for promoting economic cooperation and development among its member countries?

  1. Organization for Economic Cooperation and Development (OECD)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: A
Explanation:

The Organization for Economic Cooperation and Development (OECD) is an international economic organization that promotes economic cooperation and development among its member countries.

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

  1. To promote free trade and reduce trade barriers

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: D
Explanation:

The United Nations Conference on Trade and Development (UNCTAD) is an international organization that aims to promote sustainable development and environmental protection in developing countries.

Which international economic institution is responsible for promoting economic integration and cooperation in the European Union?

  1. European Union (EU)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: A
Explanation:

The European Union (EU) is an international economic institution that promotes economic integration and cooperation among its member states.

What is the primary goal of the North American Free Trade Agreement (NAFTA)?

  1. To promote free trade and reduce trade barriers

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: A
Explanation:

The North American Free Trade Agreement (NAFTA) is an international trade agreement between Canada, the United States, and Mexico that aims to promote free trade and reduce trade barriers among its member countries.

Which international economic institution is responsible for promoting economic cooperation and development in the Asia-Pacific region?

  1. Asia-Pacific Economic Cooperation (APEC)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: A
Explanation:

The Asia-Pacific Economic Cooperation (APEC) is an international economic institution that promotes economic cooperation and development in the Asia-Pacific region.

What is the primary objective of the African Union (AU)?

  1. To promote economic integration and cooperation in Africa

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: A
Explanation:

The African Union (AU) is an international organization that aims to promote economic integration and cooperation among its member states in Africa.

Which international economic institution is responsible for promoting economic development and cooperation in the Caribbean region?

  1. Caribbean Community (CARICOM)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: A
Explanation:

The Caribbean Community (CARICOM) is an international economic institution that promotes economic development and cooperation among its member states in the Caribbean region.

What is the main objective of the Central American Common Market (CACM)?

  1. To promote free trade and reduce trade barriers

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: A
Explanation:

The Central American Common Market (CACM) is an international trade agreement between Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua that aims to promote free trade and reduce trade barriers among its member countries.

Which international economic institution is responsible for promoting economic cooperation and development in the Middle East and North Africa region?

  1. League of Arab States (LAS)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: A
Explanation:

The League of Arab States (LAS) is an international economic institution that promotes economic cooperation and development among its member states in the Middle East and North Africa region.

What is the primary goal of the South Asian Association for Regional Cooperation (SAARC)?

  1. To promote economic integration and cooperation in South Asia

  2. To provide financial assistance to developing countries

  3. To regulate international monetary policy

  4. To promote sustainable development and environmental protection


Correct Option: A
Explanation:

The South Asian Association for Regional Cooperation (SAARC) is an international economic institution that promotes economic integration and cooperation among its member states in South Asia.

Which international economic institution is responsible for promoting economic cooperation and development in the Pacific region?

  1. Pacific Islands Forum (PIF)

  2. World Bank

  3. Asian Development Bank (ADB)

  4. Inter-American Development Bank (IDB)


Correct Option: A
Explanation:

The Pacific Islands Forum (PIF) is an international economic institution that promotes economic cooperation and development among its member states in the Pacific region.

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