CSS Economics Solved Mcqs - Set 15

1)   The headquarters of the World Health Organisation are located at:

a. Paris
b. London
c. Geneva
d. New York
Answer  Explanation 

ANSWER: Geneva

Explanation:
No explanation is available for this question!


2)   When was the World Health Organisation (WHO) set up?

a. 1945
b. 1946
c. 1947
d. 1948
Answer  Explanation 

ANSWER: 1948

Explanation:
No explanation is available for this question!


3)   Where are the headquarters of the United Nations Fund for Population Activities located?

a. Geneva
b. New York
c. London
d. Paris
Answer  Explanation 

ANSWER: New York

Explanation:
No explanation is available for this question!


4)   When was the United Nations Fund for Population Activities set up?

a. 1967
b. 1969
c. 1971
d. 1973
Answer  Explanation 

ANSWER: 1967

Explanation:
No explanation is available for this question!


5)   Where is the central secretarial of the Association of South-East Asian Nations (ASEAN) locted?

a. Jakarta
b. Kuala Lumpur
c. Manila
d. Bangkok
Answer  Explanation 

ANSWER: Jakarta

Explanation:
No explanation is available for this question!


6)   The aim of the ASEAN is to accelerate economic and social progress and maintain stability in the region. When was it formed?

a. 1965
b. 1966
c. 1967
d. 1968
Answer  Explanation 

ANSWER: 1967

Explanation:
No explanation is available for this question!


7)   How many countries are members of the ASEAN?

a. Five
b. Six
c. Seven
d. Eight
Answer  Explanation 

ANSWER: Six

Explanation:
No explanation is available for this question!


8)   The International Fund for Agricultural Development is a one billion dollar fund used for raising food production in developing countries and providing employment to poor and landless farmers. What proportion of this fund has been contributed by industrialized nations?

a. 40%
b. 50%
c. 60%
d. 70%
Answer  Explanation 

ANSWER: 60%

Explanation:
No explanation is available for this question!


9)   When was the International Fund for Agricultural Development set up?

a. 1977
b. 1975
c. 1973
d. 1971
Answer  Explanation 

ANSWER: 1977

Explanation:
No explanation is available for this question!


10)   The International Fund for Agricultural Development has its headquarters in:

a. London
b. Rome
c. Geneva
d. New York
Answer  Explanation 

ANSWER: Rome

Explanation:
No explanation is available for this question!


11)   When was the Council of Europe, which aims to protect and promote economic and social progress of its members, set up?

a. 1948
b. 1949
c. 1950
d. 1951
Answer  Explanation 

ANSWER: 1949

Explanation:
No explanation is available for this question!


12)   Where are the headquarters of the Council of Europe?

a. Vienna
b. Strasbourg
c. Bonn
d. Luxembourg
Answer  Explanation 

ANSWER: Strasbourg

Explanation:
No explanation is available for this question!


13)   Two organisations were conceived at the Breton Woods conference held in 1944. One was the IBRD. Which was the other?

a. FAO
b. GATT
c. IMF
d. IDA
Answer  Explanation 

ANSWER: IMF

Explanation:
No explanation is available for this question!


14)   Where are the headquarters of the United Nations Industrial Development Organisation (UNIDO)?

a. Vienna
b. Geneva
c. Ottawa
d. Washington, DC
Answer  Explanation 

ANSWER: Vienna

Explanation:
No explanation is available for this question!


15)   When was the Organisation of Economic Cooperation and Development (OECD) formed?

a. 1948
b. 1953
c. 1958
d. 1961
Answer  Explanation 

ANSWER: 1961

Explanation:
No explanation is available for this question!


16)   The headquarters of OECD are located at:

a. Paris
b. Vienna
c. Brussels
d. New York
Answer  Explanation 

ANSWER: Paris

Explanation:
No explanation is available for this question!


17)   Where are the headquarters of the European Economic Community?

a. Paris
b. Brussels
c. Copenhagen
d. London
Answer  Explanation 

ANSWER: Brussels

Explanation:
No explanation is available for this question!


18)   How many countries are the members of the European Economic Community (EEC)?

a. 12
b. 10
c. 8
d. 6
Answer  Explanation 

ANSWER: 12

Explanation:
No explanation is available for this question!


19)   Identify one of the new members of the European Economic Community?

a. Spain
b. France
c. Great Britain
d. Denmark
Answer  Explanation 

ANSWER: Spain

Explanation:
No explanation is available for this question!


20)   In which year did the Eropean Economic Community (EEC), popularly known as the European Common Market (ECM), come into existence?

a. 1956
b. 1958
c. 1960
d. 1962
Answer  Explanation 

ANSWER: 1958

Explanation:
No explanation is available for this question!


21)   Which one of the following countries attends the sessions of the Council for Mutual Economic Assistance as an observer?

a. Poland
b. Mexico
c. Peru
d. Romania
Answer  Explanation 

ANSWER: Mexico

Explanation:
No explanation is available for this question!


22)   The headquarters of the Council for Mutual Economic Assistance (COMECON) are located at:

a. Moscow
b. Havana
c. Warsaw
d. Budapest
Answer  Explanation 

ANSWER: Moscow

Explanation:
No explanation is available for this question!


23)   When was the Council for Mutual Economic Assistance (COMECON) founded with the object of co-coordinating and integrating the economies of member-countries?

a. 1948
b. 1949
c. 1950
d. 1951
Answer  Explanation 

ANSWER: 1949

Explanation:
No explanation is available for this question!


24)   How many countries joined together to form the European Free Trade Association (EFTA) with a view to ultimately establish a free trade area between member-countries?

a. Six
b. Seven
c. Eight
d. Nine
Answer  Explanation 

ANSWER: Seven

Explanation:
No explanation is available for this question!


25)   Two founder members of the European Free Trade Association (EFTA) left it in 1972 to join the EEC. One was the UK. Which was the other?

a. Norway
b. Sweden
c. Denmark
d. Portugal
Answer  Explanation 

ANSWER: Denmark

Explanation:
No explanation is available for this question!


26)   Where are the headquarters of EFTA located?

a. Geneva
b. Brussels
c. Stockholm
d. Vienna
Answer  Explanation 

ANSWER: Brussels

Explanation:
No explanation is available for this question!


27)   The European Free Trade Association (EFTA) was formed on the pattern of the EEC as a result of the convention signed by some countries of Europe at Stockholm. When was it formed?

a. 1959
b. 1960
c. 1961
d. 1962
Answer  Explanation 

ANSWER: 1960

Explanation:
No explanation is available for this question!


28)   When was the United Nations Environment Programme launched?

a. 1970
b. 1971
c. 1972
d. 1973
Answer  Explanation 

ANSWER: 1972

Explanation:
No explanation is available for this question!


29)   Which of the following organisations has its headquarters at Nairobi?

a. United Nations Development Programme
b. United Nations Environment Programme
c. Organisation of African Unity
d. Universal Postal Union
Answer  Explanation 

ANSWER: United Nations Environment Programme

Explanation:
No explanation is available for this question!


30)   When was the 'Group of 77', an economic group of the Third World countries to protect the economic and trade interests of developing countries, formed under the auspices of the United Nations?

a. 1962
b. 1964
c. 1966
d. 1968
Answer  Explanation 

ANSWER: 1964

Explanation:
No explanation is available for this question!


31)   When was the World Bank's Special Programme of Assistance (SPA) for indebted low income countries initiated?

a. December. 1987
b. January. 1988
c. March. 1988
d. May. 1988
Answer  Explanation 

ANSWER: December. 1987

Explanation:
No explanation is available for this question!


32)   Which country is the OPEC's largest oil exporter?

a. Saudi Arabia
b. Iraq
c. Kuwait
d. United Arab Emirates
Answer  Explanation 

ANSWER: Saudi Arabia

Explanation:
No explanation is available for this question!


33)   When was the Organisation of Petroleum Exporting Countries (OPEC) formed to control the production and pricing of crude oil?

a. 1956
b. 1958
c. 1960
d. 1962
Answer  Explanation 

ANSWER: 1960

Explanation:
No explanation is available for this question!


34)   The headquarters of which of the following organisations are located at Vienna?

a. OPEC
b. COMECON
c. OECD
d. IDA
Answer  Explanation 

ANSWER: OPEC

Explanation:
No explanation is available for this question!


35)   The International Air Transport Association (IATA) aims to promote safe, regular and economical air transport and to provide a forum for collaboration. When was its founded?

a. 1945
b. 1946
c. 1947
d. 1948
Answer  Explanation 

ANSWER: 1945

Explanation:
No explanation is available for this question!


36)   How many international airlines are active members of the IATA?

a. 35
b. 40
c. 45
d. 50
Answer  Explanation 

ANSWER: 40

Explanation:
No explanation is available for this question!


37)   Which of the following is not a member country of the G-7 (Group of Seven advanced industrial nations)?

a. USA
b. UK
c. USSR
d. Italy
Answer  Explanation 

ANSWER: USSR

Explanation:
No explanation is available for this question!


38)   Which of the following organisations was brought into existence by the Treaty of Rome?

a. Council for Mutual Economic Assistance
b. European Free Trade Association
c. European Economic Community
d. Council of Europe
Answer  Explanation 

ANSWER: European Economic Community

Explanation:
No explanation is available for this question!


39)   How many Regional Economic Commissions have been set up by the United Nations Economic and Social Council?

a. Eight
b. Seven
c. Six
d. Five
Answer  Explanation 

ANSWER: Five

Explanation:
No explanation is available for this question!


40)   How many member-states are represented in the United Nations Economic and Social Council?

a. 44
b. 50
c. 54
d. 58
Answer  Explanation 

ANSWER: 54

Explanation:
No explanation is available for this question!


41)   In which year was the Asian Development Bank (ADB) set up following the recommendation of the United Nations Economic Commission for Asia and Far east?

a. 1964
b. 1966
c. 1968
d. 1970
Answer  Explanation 

ANSWER: 1966

Explanation:
No explanation is available for this question!


42)   When was the Asian Development Fund launched by the Asian Development Bank with a view to provide confessional credit to needy members?

a. 1974
b. 1972
c. 1970
d. 1968
Answer  Explanation 

ANSWER: 1974

Explanation:
No explanation is available for this question!


43)   Those who invest in joint stock companies are called:

a. Partners
b. Shareholders
c. Members
d. Associates
Answer  Explanation 

ANSWER: Shareholders

Explanation:
No explanation is available for this question!


44)   Limited liability is one of the advantages of:

a. Partnership
b. Sole proprietor
c. Joint stock company
d. Cooperative society
Answer  Explanation 

ANSWER: Joint stock company

Explanation:
No explanation is available for this question!


45)   He prepares the initial plan of the business:

a. Capitalist
b. Manager
c. Entrepreneur
d. Officer
Answer  Explanation 

ANSWER: Entrepreneur

Explanation:
No explanation is available for this question!


46)   It is most suitable for large scale business:

a. Proprietorship
b. Partnership
c. Corporation
d. Cooperative society
Answer  Explanation 

ANSWER: Corporation

Explanation:
No explanation is available for this question!


47)   A public limited company is run by:

a. Board of governors
b. Board of managers
c. Board of advisors
d. Board of directors
Answer  Explanation 

ANSWER: Board of directors

Explanation:
No explanation is available for this question!


48)   They can expand their business by selling shares in the stock market:

a. Proprietor of business
b. Partners of the business
c. Joint stock company
d. Industrial cooperative societies
Answer  Explanation 

ANSWER: Joint stock company

Explanation:
No explanation is available for this question!


49)   Reward of which factor of production is not pre-determined?

a. Labour
b. Land
c. Capital
d. Organistion
Answer  Explanation 

ANSWER: Organistion

Explanation:
No explanation is available for this question!


50)   It is an example of public limited company:

a. WAPDA
b. President House
c. Mobil Link (Telephone)
d. None of the above
Answer  Explanation 

ANSWER: WAPDA

Explanation:
No explanation is available for this question!