#1
Which organization is responsible for regulating international trade?
World Health Organization (WHO)
World Trade Organization (WTO)
International Monetary Fund (IMF)
United Nations (UN)
#2
Which country is the largest exporter of goods in the world?
China
United States
Germany
Japan
#3
What is the term used to describe a situation where a country's imports exceed its exports?
Trade deficit
Trade surplus
Balance of payments
Current account surplus
#4
What is the main purpose of a tariff in international trade?
To promote free trade
To increase government revenue
To encourage imports
To protect domestic industries
#5
Which international economic organization primarily focuses on development assistance to low and middle-income countries?
World Bank
World Trade Organization (WTO)
Organization for Economic Cooperation and Development (OECD)
International Monetary Fund (IMF)
#6
Which international economic organization is responsible for promoting monetary cooperation and exchange rate stability?
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
Asian Development Bank (ADB)
#7
What does the acronym 'GATT' stand for in the context of international trade?
Global Agreement on Trade and Tariffs
General Agreement on Tariffs and Trade
Global Alliance for Trade Transparency
General Authority for Trade and Treaties
#8
What is the primary purpose of the International Monetary Fund (IMF)?
Promote global health initiatives
Facilitate international trade agreements
Maintain exchange rate stability and provide financial assistance to countries in need
Address climate change challenges
#9
Which of the following is NOT a criterion for a country to join the European Union (EU)?
Political stability and human rights protection
Economic performance and stability
Adoption of the euro as the national currency
Functioning market economy and ability to adhere to EU laws
#10
Who is known as the 'Father of Economics'?
Adam Smith
John Maynard Keynes
Karl Marx
Milton Friedman
#11
What does FDI stand for in the context of international economics?
Foreign Direct Investment
Free Digital Information
Foreign Development Index
Financial Derivative Instrument
#12
What is the primary goal of protectionism in international trade?
To promote global economic growth
To reduce income inequality
To protect domestic industries from foreign competition
To foster international cooperation
#13
Which international economic agreement is aimed at eliminating barriers to trade among North American countries?
Trans-Pacific Partnership (TPP)
North American Free Trade Agreement (NAFTA)
European Union (EU)
South Asian Association for Regional Cooperation (SAARC)
#14
Which of the following is NOT a characteristic of a developed economy?
High GDP per capita
Low unemployment rate
Advanced infrastructure
Limited industrialization
#15
What is the Triffin Dilemma?
A situation where a country's currency becomes overvalued due to speculative trading
A conflict of interest between short-term domestic objectives and the long-term international role of a reserve currency
A theory proposing that trade deficits lead to currency devaluation
A policy to curb inflation by reducing money supply
#16
Which agreement aims to reduce greenhouse gas emissions globally?
Paris Agreement
Kyoto Protocol
Montreal Protocol
Copenhagen Accord
#17
Which country is not a member of the Group of Seven (G7)?
France
Russia
Italy
United Kingdom
#18
What is the term for the total value of goods and services produced by a country in a specific period?
Gross Domestic Product (GDP)
Net Exports (NX)
Balance of Trade
Consumer Price Index (CPI)
#19
Which international organization is responsible for setting standards related to intellectual property rights?
World Health Organization (WHO)
United Nations Educational, Scientific and Cultural Organization (UNESCO)
World Intellectual Property Organization (WIPO)
United Nations Conference on Trade and Development (UNCTAD)
#20
Which international organization is responsible for coordinating international monetary cooperation and exchange rate stability?
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
Asian Development Bank (ADB)