Back
0

The Asia-Pacific Economic Cooperation (APEC): Assessing Its Significance for India

Description: This quiz aims to assess your understanding of the Asia-Pacific Economic Cooperation (APEC) and its significance for India. APEC is a regional economic forum established in 1989 to promote cooperation among Asia-Pacific economies. The quiz covers various aspects of APEC, including its objectives, structure, achievements, and challenges.
Number of Questions: 15
Created by:
Tags: apec asia-pacific economic cooperation regional cooperation economic integration india
Start the Quiz
Attempted 0/15 Correct 0 Score 0
‹
›

What is the primary objective of APEC?

  1. To promote economic growth and prosperity in the Asia-Pacific region

  2. To enhance security and stability in the Asia-Pacific region

  3. To promote cultural exchange and understanding among Asia-Pacific countries

  4. To resolve political disputes among Asia-Pacific countries

Show answer
Correct Option: A
Explanation:

APEC's primary objective is to promote economic growth and prosperity in the Asia-Pacific region by fostering cooperation and facilitating trade and investment.

When was APEC established?

  1. 1989

  2. 1991

  3. 1993

  4. 1995

Show answer
Correct Option: A
Explanation:

APEC was established in 1989 at the initiative of Australian Prime Minister Bob Hawke.

Which country is the current chair of APEC?

  1. United States

  2. China

  3. Japan

  4. New Zealand

Show answer
Correct Option: D
Explanation:

New Zealand is the current chair of APEC for 2021.

How many member economies does APEC have?

  1. 21

  2. 22

  3. 23

  4. 24

Show answer
Correct Option: A
Explanation:

APEC currently has 21 member economies.

Which of the following is not a member economy of APEC?

  1. Australia

  2. Canada

  3. India

  4. Russia

Show answer
Correct Option: D
Explanation:

Russia is not a member economy of APEC.

What is the highest decision-making body of APEC?

  1. APEC Economic Leaders' Meeting

  2. APEC Ministerial Meeting

  3. APEC Senior Officials' Meeting

  4. APEC Business Advisory Council

Show answer
Correct Option: A
Explanation:

The APEC Economic Leaders' Meeting is the highest decision-making body of APEC, where leaders of member economies meet annually to discuss and make decisions on key issues.

What is the main focus of APEC's cooperation?

  1. Trade and investment liberalization

  2. Security and defense cooperation

  3. Cultural exchange and education

  4. Environmental protection and climate change

Show answer
Correct Option: A
Explanation:

APEC's main focus of cooperation is trade and investment liberalization, aiming to promote economic growth and prosperity in the region.

What is the Bogor Goals of APEC?

  1. To achieve free and open trade and investment in the Asia-Pacific region by 2010

  2. To reduce tariffs and other trade barriers among APEC economies

  3. To promote cooperation in areas such as energy, transportation, and tourism

  4. To enhance cooperation on environmental protection and sustainable development

Show answer
Correct Option: A
Explanation:

The Bogor Goals, adopted in 1994, set the target of achieving free and open trade and investment in the Asia-Pacific region by 2010.

What is the APEC Business Advisory Council (ABAC)?

  1. A forum for business leaders from APEC economies to provide advice to APEC leaders

  2. A platform for promoting cultural exchange and understanding among APEC economies

  3. A mechanism for resolving trade disputes among APEC economies

  4. A body responsible for implementing APEC's economic cooperation initiatives

Show answer
Correct Option: A
Explanation:

The APEC Business Advisory Council (ABAC) is a forum for business leaders from APEC economies to provide advice to APEC leaders on economic and trade issues.

What is the significance of APEC for India?

  1. It provides India with access to a large and growing market for its goods and services

  2. It helps India attract foreign investment and technology

  3. It promotes cooperation in areas such as education, tourism, and energy

  4. All of the above

Show answer
Correct Option: D
Explanation:

APEC provides India with access to a large and growing market for its goods and services, helps it attract foreign investment and technology, and promotes cooperation in various areas, contributing to India's economic growth and development.

What are some of the challenges facing APEC?

  1. The rise of protectionism and trade tensions

  2. The increasing economic disparities among APEC economies

  3. The growing influence of China in the region

  4. All of the above

Show answer
Correct Option: D
Explanation:

APEC faces challenges such as the rise of protectionism and trade tensions, increasing economic disparities among member economies, and the growing influence of China in the region, which can hinder cooperation and progress.

How can India benefit from its membership in APEC?

  1. By gaining access to a large and growing market for its goods and services

  2. By attracting foreign investment and technology

  3. By promoting cooperation in areas such as education, tourism, and energy

  4. All of the above

Show answer
Correct Option: D
Explanation:

India can benefit from its membership in APEC by gaining access to a large and growing market for its goods and services, attracting foreign investment and technology, and promoting cooperation in various areas, contributing to its economic growth and development.

What is the future of APEC?

  1. It will continue to play a significant role in promoting economic cooperation and integration in the Asia-Pacific region

  2. It will face increasing challenges and may become less relevant in the future

  3. It will be replaced by a new regional economic forum

  4. It is uncertain

Show answer
Correct Option: D
Explanation:

The future of APEC is uncertain and depends on various factors, including the evolving global economic and political landscape, the commitment of member economies to cooperation, and the ability to address emerging challenges.

What is the significance of APEC for regional cooperation in the Asia-Pacific region?

  1. It promotes economic cooperation and integration among Asia-Pacific economies

  2. It enhances security and stability in the region

  3. It facilitates cultural exchange and understanding among Asia-Pacific countries

  4. All of the above

Show answer
Correct Option: D
Explanation:

APEC plays a significant role in promoting economic cooperation and integration, enhancing security and stability, and facilitating cultural exchange and understanding among Asia-Pacific economies.

How does APEC contribute to global economic growth and prosperity?

  1. By promoting free and open trade and investment

  2. By facilitating cooperation in areas such as energy, transportation, and tourism

  3. By promoting sustainable development and environmental protection

  4. All of the above

Show answer
Correct Option: D
Explanation:

APEC contributes to global economic growth and prosperity by promoting free and open trade and investment, facilitating cooperation in various areas, and promoting sustainable development and environmental protection.

- Hide questions
ADVERTISEMENT

Find more quizzes from top tags

general knowledge
3615 Quizzes
119858 Questions
 technology
307 Quizzes
36705 Questions
 sports
963 Quizzes
19148 Questions
 history
1187 Quizzes
13475 Questions
 physics
598 Quizzes
13441 Questions
 biology
1160 Quizzes
12174 Questions
 science & technology
551 Quizzes
11015 Questions
 chemistry
490 Quizzes
9892 Questions
 maths
518 Quizzes
9324 Questions
 softskills
0 Quizzes
7131 Questions