World Panorama (UPSC) Part-I

Total Questions: 50

1. Which of the following constitute the World Bank? [1995]

1. International Bank for Reconstruction and Development

2. International Finance Corporation

3. International Development Association

4. International Monetary Fund

(a) 1, 2 and 3
(b) 1 and 2
(c) 3 and 4
(d) 1, 2, 3 and 4

Correct Answer: (a) 1, 2 and 3

Solution:The world Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank Group is a family of five international organizations that make leveraged loans to developing countries.

2. Which of the following are correctly matched? [1995]

1. Hamas: Palestinian extremist group

2. Sinn Fein: I.R. A's political wing

3. True Path Party A major constituent of the ruling coalition in Turkey

(a) 1 and 2
(b) 1 and 3
(c) 1, 2 and 3
(d) 2 and 3

Correct Answer: (c) 1, 2 and 3

Solution:All the pairs, 1, 2, 3 are correctly matched.

3. Which one of the following had legalised Euthanasia? [1996]

(a) Texas in the USA
(b) Northern Territory in Australia
(c) Quebec in Canada
(d) Maharashtra in India

Correct Answer: (a) Texas in the USA

Solution:The Texas state in U.S.A. has legalised Euthanasia. Euthanasia is the process in which if a person who I willing to die, he is given peaceful death by the doctor through an injection.

4. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)? [1996]

1. Promotion of free trade and resource flows across countries

2. Protection of intellectual property rights

3. Managing balanced trade between different countries

4. Promotion of trade between the former East Bloc countries and the western world

Select the correct answer by using the codes given below:

(a) 1, 2, 3 & 4
(b) 1 and 2
(c) 2 and 3
(d) 1 and 4

Correct Answer: (b) 1 and 2

Solution:World Trade Organization (WTO) is a body making global trade rules with binding effects on its members. It is not only an institution, but also a set of agreements. The WTO regime is known as the rules-based multilateral trading system. The history of the Organization dates back to 1947, when the General Agreement on Tariffs and Trade (GATT) was set up to reduce tariffs barriers, remove trade barriers and facilitate international trade in goods and services. Over the years, GATT held eight rounds of multilateral trade negotiations, the last and most extensive being the Uruguay Round (1986-1994). The WTO came into being at Marrakesh in 1995, following the conclusion of the Uruguay Round. Ater this GATT ceased to exist, and its legal texts were incorporated into the WTO as GATT- 1994. The eastern bloc nations have no special status as a member of WTO.

5. The emerging trading blocs in the world, such as NAFTA, ASEAN and the like, are expected to: [1996]

(a) act as constrictions in free trade across the world
(b) promote free trade on the lines laid down by the WTO
(c) permit transfer of technology between member countries
(d) promote trade in agricultural commodities between countries of the North and South

Correct Answer: (b) promote free trade on the lines laid down by the WTO

Solution:These are local trading blocks which will enable free trade between member nations.

6. "They are fantastically diverse. They speak hundred of language and dialects. They comprise scores of ethnic groups. They include highly industrialised economics and up and coming economies. They span half the surface of the earth and are home to two-fifths of the world's population." The group of countries referred to here belongs to : [1996]

(a) SAPTA
(b) APEC
(c) EC
(d) CIS

Correct Answer: (b) APEC

Solution:APEC is the group of 21 countries. APEC is short for Asia Pacific Economic Cooperation. This group of countries span half the surface of the earth and are home to 2/5th of the world's population. Indian request for membership is pending.

7. What are the official languages of the U.N.O.? [1998]

(a) English, French and Russian
(b) English, French, German and Russia
(c) English, French, Russian, Chinese and Hindi
(d) English, French, Chinese, Russian, Arabic and Spanish

Correct Answer: (d) English, French, Chinese, Russian, Arabic and Spanish

Solution:English, French, Chinese, Russian, Arabic and Spanish are the official language of U.N.O..

8. Match List-I with List-II and select the correct answer using the codes given below the lists: [1998]

List-I (Currency)	List-II (Country)
A. Ringgit	1. Indonesia
B. Baht	2. South Korea
C. Rupiah	3. Thailand
D. Won	4. Malaysia

Option	A	B	C	D
(a)	1	3	4	2
(b)	4	3	1	2
(c)	1	2	4	3
(d)	4	2	1	3

Correct Answer: (b)

Solution:Ringgit is the currency of Malaysia. A baht is also a unit of weight for gold and is commonly used in jewellers and goldsmiths in Thailand. The currency was originally known as the tical and this name was used in the English language text on banknotes until 1925. The rupiah (Rp) is the official currency of Indonesia. The Won is the official currency of South Korea.

9. The satellites of which one of the following countries have helped in the preparation of a detailed and complete map of Antarctica? [1998]

(a) Canada
(b) France
(c) Russia
(d) U.S.A

Correct Answer: (a) Canada

Solution:The satellite launched by Canada has helped in the prepration of a complete and high resolution map of Antartica

10. According to Meadows (1972), if the present trends in world population, industrialisation, pollution, food production and resource depletion continue unchanged, the "Limits to Growth" on our planet will be reached in the next: [1998]

(a) 50 years
(b) 100 years
(c) 150 years
(d) 200 years

Correct Answer: (b) 100 years

Solution:According to Meadows, if the present trend of world population, industrialization, pollution remained unchanged then "limits of growth" on our planet will be reached is 100 years. The most probable result will be a rather sudden and uncontrollable decline in both population and industrial capacity.

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