Home > General Studies For Competitive Examinations > Quizzes > Economy Previously Asked Questions: World Bank, WTO, BRICS
Economy Previously Asked Questions: World Bank, WTO, BRICS
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 57% • Most missed: “Which of the following were the aims behind the setting up of the World Trade Or…”
Economy Previously Asked Questions: World Bank, WTO, BRICS
Time left 00:00
25 Questions

1. Which one of the following countries is not a member of WTO?
2. A group formed by India, Brazil, China and other developing countries for future negotiations at WTO is known as
3. Assertion (A): The United States of America has threatened to ask the World Trade Organisation
(WTO) to apply sanctions against the developing countries for the non-observance of ILO conventions. Reason (R): The United States of America itself has adopted and implemented those ILO conventions. In context of the above two statements which one of the following is correct? Code
4. The first ever summit meeting of 'BRICS countries' took place at
5. Which of the following 'BRICS' nation has highest per capita income?
6. Match List-I with List-II and select the correct answer using the codes given below the lists. List-I
(a) WTO (b) IDA
(c) IMF (d) IBRD List-II
1. Provides loans to address short term balance of payment
2. Multilateral trade negotiation body
3. Sanction of soft loans
4. Facilitating lending and borrowing for reconstruction and development Code
(a) (b) (c) (d)
7. Which one of the following is not a member of 'BRICS'?
8. The Bretton Woods Conference led to the establishment of
1. I.M.F.
2. I.B.R.D.
3. United Nations
4. W.T.O. Code
9. Assertion (A): The new EXIM policy is liberal, market oriented and favours global trade. Reason (R): GATT has played a significant role in the liberalisation of the economy. In the context of the above two statements, select the correct answer from the codes given below. Code
10. The new World Trade Organisation
(WTO), which replaced the GATT came into effect from
11. India enacted the Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to
12. In which year 'BRIC' grouping was formed as 'BRICS'?
13. The International Development Association, a lending agency, is administered by the
14. Which among below is not a correct statement?
15. The earlier name of WTO was
16. TRIMS stands for
17. International Development Association (IDA) is managed by
18. One of the important agreements reached in the 1996 Ministerial conference of WTO refers to
19. In which year was the World Bank formed?
20. Who coined the term 'BRIC' in 2001?
21. Consider the following operations.
1. International Bank for Reconstruction and Development
2. International Finance Corporation
3. International Fund for Agricultural Development
4. International Monetary Fund Which of these are agencies of the United Nation?
22. The central issue in Doha Round of talks of World Trade Organisation was
23. The British scholar Jim O' Neil who coined the term 'BRICS' is related to which of the following subjects?
24. How many countries are members of World Bank?
25. The headquarters of World Trade Organisation is at

⚡ Recently practiced quizzes in this topic
Live quiz activity
Environment Previously Asked Questions: Ozone Layer Industry And Other Important Sectors Environment Previously Asked Questions: Biodiversity World Geography Previously Asked Questions: Earth Agriculture (India) Indian Citizenship Indian Geography Basics Order Of Precedence The Political Process World Geography Previously Asked Questions: Humidity
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.