Economics/Economics International Economic Organisations set-2 Sample Test,Sample questions

Question:
  He prepares the initial plan of the business: 

1.Capitalist

2.Manager

3.Entrepreneur

4.Officer


Question:
  If a public limited company issues bonds to increase resources then it pays: 

1.Fixed premium to bond holders

2.Fixed interrest to bond holders

3.Fixed tax to bond holders

4.Fixed profit to bond holders


Question:
  It is most suitable for large scale business: 

1.Proprietorship

2.Partnership

3.Corporation

4.Cooperative society


Question:
  Limited liability is one of the advantages of: 

1.Partnership

2.Sole proprietor

3.Joint stock company

4.Cooperative society


Question:
  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? 

1.1962

2.1964

3.1966

4.1968


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

1.USA

2.UK

3.USSR

4.Italy


Question:
 A public corporation comes into existence by means: 

1.Registration under the Companies Act

2.Act of Parliament

3.Decision by the shareholders

4.Registration with the Stock Exchange


Question:
 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? 

1.Six

2.Seven

3.Eight

4.Nine


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

1.Moscow

2.Havana

3.Warsaw

4.Budapest


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

1.1974

2.1972

3.1970

4.1968


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

1.1956

2.1958

3.1960

4.1962


Question:
 When was the United Nations Environment Programme launched? 

1.1970

2.1971

3.1972

4.1973


Question:
 Which of the following organisations has its headquarters at Nairobi? 

1.United Nations Development Programme

2.United Nations Environment Programme

3.Organisation of African Unity

4.Universal Postal Union


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

1.Poland

2.Mexico

3.Peru

4.Romania


Question:
A public limited company is run by: 

1.Board of governors

2.Board of managers

3.Board of advisors

4.Board of directors


Question:
How many international airlines are active members of the IATA? 

1.35

2.40

3.45

4.50


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

1.44

2.50

3.54

4.58


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

1.Eight

2.Seven

3.Six

4.Five


Question:
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?  

1.1964

2.1966

3.1968

4.1970


Question:
It is an example of public limited company: 

1.WAPDA

2.President House

3.Mobil Link (Telephone)

4.None of the above


Question:
Reward of which factor of production is not pre-determined? 

1.Labour

2.Land

3.Capital

4.Organistion


Question:
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? 

1.1959

2.1960

3.1961

4.1962


Question:
The headquarters of which of the following organisations are located at Vienna? 

1.OPEC

2.COMECON

3.OECD

4.IDA


Question:
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? 

1.1945

2.1946

3.1947

4.1948


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

1.Proprietor of business

2.Partners of the business

3. Joint stock company

4.Industrial cooperative societies


Question:
Those who invest in joint stock companies are called: 

1.Partners

2.Shareholders

3.Members

4.Associates


Question:
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? 

1.Norway

2.Sweden

3.Denmark

4.Portugal


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

1.1948

2.1949

3.1950

4.1951


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

1.December. 1987

2.January. 1988

3.March. 1988

4.May. 1988


Question:
Where are the headquarters of EFTA located? 

1.Geneva

2.Brussels

3.Stockholm

4.Vienna


Question:
Which country is the OPEC s largest oil exporter? 

1.Saudi Arabia

2.Iraq

3.Kuwait

4.United Arab Emirates


Question:
Which of the following organisations was brought into existence by the Treaty of Rome? 

1.Council for Mutual Economic Assistance

2.European Free Trade Association

3.European Economic Community

4. Council of Europe


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