Q.1 Which organization is responsible for setting global accounting standards?
International Monetary Fund (IMF)
International Accounting Standards Board (IASB)
World Bank
OECD
Explanation - The IASB develops and approves International Financial Reporting Standards (IFRS), which are global accounting standards.
Correct answer is: International Accounting Standards Board (IASB)
Q.2 The World Trade Organization (WTO) was established in which year?
1990
1995
2000
1985
Explanation - The WTO was established on 1 January 1995 to regulate international trade and replace GATT.
Correct answer is: 1995
Q.3 Which organization is known as the 'lender of last resort' for countries?
World Bank
International Monetary Fund (IMF)
United Nations
Asian Development Bank
Explanation - IMF provides financial assistance and policy advice to member countries facing economic crises, acting as a lender of last resort.
Correct answer is: International Monetary Fund (IMF)
Q.4 Which organization publishes the Human Development Index annually?
UNESCO
United Nations Development Programme (UNDP)
WHO
World Bank
Explanation - UNDP releases the Human Development Report each year, which includes the Human Development Index (HDI) ranking countries based on health, education, and income.
Correct answer is: United Nations Development Programme (UNDP)
Q.5 Which organization manages the international patent system?
World Intellectual Property Organization (WIPO)
UNESCO
OECD
IMF
Explanation - WIPO, a specialized UN agency, manages and promotes intellectual property rights and the international patent system.
Correct answer is: World Intellectual Property Organization (WIPO)
Q.6 Which organization is responsible for the global fight against malaria, tuberculosis, and HIV/AIDS?
UNICEF
World Health Organization (WHO)
Red Cross
World Bank
Explanation - WHO leads international efforts to combat diseases like malaria, TB, and HIV/AIDS through coordination, research, and guidance.
Correct answer is: World Health Organization (WHO)
Q.7 The BRICS association includes which of the following countries?
Brazil, Russia, India, China, South Africa
Belgium, Romania, Italy, Canada, Spain
Brazil, Rwanda, Indonesia, China, Singapore
Bangladesh, Russia, Iceland, Chile, Sweden
Explanation - BRICS is a group of emerging economies: Brazil, Russia, India, China, and South Africa, focused on economic cooperation.
Correct answer is: Brazil, Russia, India, China, South Africa
Q.8 Which organization is the central bank for European Union countries using the euro?
European Central Bank (ECB)
International Monetary Fund (IMF)
European Bank for Reconstruction and Development
World Bank
Explanation - The ECB manages monetary policy and currency stability for the Eurozone.
Correct answer is: European Central Bank (ECB)
Q.9 Which global organization uses the term 'SDGs' for sustainable development goals?
UNESCO
United Nations (UN)
World Bank
OECD
Explanation - The United Nations introduced 17 Sustainable Development Goals (SDGs) to address global challenges like poverty, climate change, and education.
Correct answer is: United Nations (UN)
Q.10 Which organization is primarily responsible for global meteorological observations?
International Monetary Fund
World Meteorological Organization (WMO)
UNICEF
World Bank
Explanation - WMO, a specialized UN agency, coordinates international efforts on weather, climate, and water resources.
Correct answer is: World Meteorological Organization (WMO)
Q.11 Which organization issues the 'Ease of Doing Business' report annually?
World Bank
IMF
OECD
UNDP
Explanation - The World Bank publishes the Ease of Doing Business report to assess regulations affecting business operations globally.
Correct answer is: World Bank
Q.12 Which organization launched the 'Global Education Monitoring Report'?
UNICEF
UNESCO
World Bank
OECD
Explanation - UNESCO monitors education progress globally and publishes the Global Education Monitoring Report annually.
Correct answer is: UNESCO
Q.13 Which international organization regulates nuclear energy and ensures safety standards?
International Atomic Energy Agency (IAEA)
WHO
OECD
UNDP
Explanation - IAEA promotes safe, secure, and peaceful use of nuclear technology and sets international safety standards.
Correct answer is: International Atomic Energy Agency (IAEA)
Q.14 Which organization is responsible for coordinating global food security and agricultural development?
FAO
WHO
UNICEF
World Bank
Explanation - The Food and Agriculture Organization (FAO) works to defeat hunger, improve nutrition, and promote sustainable agriculture worldwide.
Correct answer is: FAO
Q.15 Which organization publishes the 'World Happiness Report'?
United Nations Sustainable Development Solutions Network (SDSN)
WHO
OECD
IMF
Explanation - SDSN publishes the annual World Happiness Report, ranking countries based on citizens' well-being and quality of life.
Correct answer is: United Nations Sustainable Development Solutions Network (SDSN)
Q.16 Which organization issues the 'Global Competitiveness Report'?
World Economic Forum (WEF)
IMF
OECD
World Bank
Explanation - The WEF publishes the Global Competitiveness Report to evaluate economic competitiveness of countries.
Correct answer is: World Economic Forum (WEF)
Q.17 Which international body was created to stabilize oil markets and regulate petroleum production?
OPEC
OECD
IMF
World Bank
Explanation - The Organization of Petroleum Exporting Countries (OPEC) coordinates oil production policies to stabilize markets.
Correct answer is: OPEC
Q.18 Which organization is associated with the 'Basel Accords' for banking regulation?
Bank for International Settlements (BIS)
IMF
World Bank
OECD
Explanation - BIS sets global standards for banking regulation, including the Basel Accords which focus on capital adequacy and risk management.
Correct answer is: Bank for International Settlements (BIS)
Q.19 Which organization is the governing body of international chess competitions?
FIDE
IOC
UEFA
IAAF
Explanation - FIDE (Fédération Internationale des Échecs) is responsible for regulating international chess competitions and rankings.
Correct answer is: FIDE
Q.20 Which organization provides microfinance support to small entrepreneurs in developing countries?
Grameen Bank
IMF
World Bank
OECD
Explanation - Grameen Bank, founded in Bangladesh, provides microloans to empower small entrepreneurs and reduce poverty.
Correct answer is: Grameen Bank
Q.21 Which organization is responsible for regulating international civil aviation?
International Civil Aviation Organization (ICAO)
IATA
FAA
WTO
Explanation - ICAO, a UN specialized agency, sets standards and regulations for international air transport.
Correct answer is: International Civil Aviation Organization (ICAO)
Q.22 Which organization conducts the PISA tests to assess student performance globally?
OECD
UNESCO
World Bank
UNICEF
Explanation - The Organisation for Economic Co-operation and Development (OECD) conducts the Programme for International Student Assessment (PISA) to evaluate education systems.
Correct answer is: OECD
Q.23 Which organization manages the global trade of coffee through agreements and standards?
International Coffee Organization (ICO)
FAO
WTO
World Bank
Explanation - ICO regulates coffee trade globally and promotes sustainability and fair pricing for producers.
Correct answer is: International Coffee Organization (ICO)
Q.24 Which organization administers the Nobel Prizes in Economic Sciences?
Royal Swedish Academy of Sciences
Nobel Foundation
UNESCO
IMF
Explanation - The Royal Swedish Academy of Sciences selects laureates for the Nobel Prize in Economic Sciences each year.
Correct answer is: Royal Swedish Academy of Sciences