Chapter 27: Facilitators of International Business — Online MCQ Test
COMMERCE · CLASS 11th · Tamil Nadu State Board
Practice Chapter 27: Facilitators of International Business with a free chapter-wise online MCQ test.
This chapter covers: This chapter details international financial and trade institutions supporting global commerce. Students study objectives and functions of the World Trade Organization World Bank I....
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Chapter 27: Facilitators of International Business — Important Questions & Answers
What is the main objective of the World Trade Organization (WTO)?
- A. To promote global trade through reduction of trade barriers
- B. To provide loans only to poor countries
- C. To print international currency
- D. To regulate only domestic business activities
Answer: A. To promote global trade through reduction of trade barriers
The WTO aims to facilitate free and fair international trade by reducing barriers such as tariffs and quotas.
The WTO aims to facilitate free and fair international trade by reducing barriers such as tariffs and quotas.
The International Monetary Fund (IMF) was established in the year ____.
- A. 1944
- B. 1948
- C. 1955
- D. 1961
Answer: A. 1944
The IMF was created at the Bretton Woods Conference in 1944.
The IMF was created at the Bretton Woods Conference in 1944.
A country facing short-term balance of payments difficulties seeks help to stabilize its economy. Which institution is most suitable?
- A. WTO
- B. IMF
- C. SAARC
- D. UNCTAD
Answer: B. IMF
The IMF provides financial assistance and policy support to countries facing balance of payments problems.
The IMF provides financial assistance and policy support to countries facing balance of payments problems.
Which of the following statements about IMF and World Bank is correct?
- A. IMF provides short-term financial support, while World Bank provides long-term development finance
- B. IMF deals only with trade disputes, while World Bank handles tariffs
- C. Both are regional organizations of Asia
- D. Both were formed to promote SAARC cooperation
Answer: A. IMF provides short-term financial support, while World Bank provides long-term development finance
The IMF focuses on short-term stabilization and balance of payments support, whereas the World Bank provides long-term development finance.
The IMF focuses on short-term stabilization and balance of payments support, whereas the World Bank provides long-term development finance.
Which of the following is NOT correctly matched?
- A. WTO - International trade rules
- B. IMF - Balance of payments support
- C. World Bank - Long-term development finance
- D. SAARC - Fixing customs duties globally
Answer: D. SAARC - Fixing customs duties globally
SAARC promotes regional cooperation in South Asia; it does not fix customs duties globally.
SAARC promotes regional cooperation in South Asia; it does not fix customs duties globally.