EconomicsInternational Economic Relations
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International Economic Relations and Organizations Quiz

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#1

Which organization is responsible for maintaining stability in the international monetary system?

International Monetary Fund
Explanation

Stability in international monetary system

#2

Which of the following is a primary goal of the World Trade Organization (WTO)?

Facilitation of international trade
Explanation

Facilitation of international trade

#3

Which of the following is not a member of the BRICS association?

Indonesia
Explanation

Non-BRICS member

#4

What is the main function of the International Labour Organization (ILO)?

Ensuring workers' rights and labor standards
Explanation

Workers' rights and labor standards

#5

Which of the following is an example of a regional trade bloc?

ASEAN
Explanation

Regional trade bloc

#6

What is the currency used by most European Union member states?

Euro
Explanation

Currency in EU

#7

What is the term used to describe the total value of a country's exports minus the total value of its imports?

Trade surplus
Explanation

Exports minus imports

#8

Which of the following agreements eliminated most tariffs on trade among member countries and is one of the largest free trade agreements in the world?

Trans-Pacific Partnership (TPP)
Explanation

Large free trade agreement, tariff elimination

#9

Which treaty established the European Union (EU)?

Treaty of Rome
Explanation

Establishment of the EU

#10

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

Providing loans to promote economic stability
Explanation

Loans for economic stability

#11

Which international organization is primarily responsible for addressing climate change issues?

United Nations Framework Convention on Climate Change (UNFCCC)
Explanation

Primary climate change organization

#12

What is the primary purpose of the World Bank?

Providing loans for infrastructure projects in developing countries
Explanation

Infrastructure loans in developing countries

#13

What is the role of the Organization for Economic Cooperation and Development (OECD) in the global economy?

To provide a forum for governments to work together to address economic challenges
Explanation

Global economic forum for governments

#14

Which of the following is NOT one of the Millennium Development Goals (MDGs) established by the United Nations?

Combat climate change and its impacts
Explanation

Non-MDG goal

#15

Which of the following organizations aims to promote economic integration and cooperation among countries in the Asia-Pacific region?

Association of Southeast Asian Nations (ASEAN)
Explanation

Asia-Pacific economic integration

#16

Which organization focuses on providing financial assistance and technical support to developing countries?

World Bank
Explanation

Financial assistance to developing countries

#17

Which organization is responsible for monitoring and regulating the global banking system?

Bank for International Settlements (BIS)
Explanation

Global banking system regulation

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