World Panorama (UPSC) Part-III

Total Questions: 50

1. Consider the following pairs: [2009]

Organization	Location of Headquarters
1. Asian Development Bank	Tokyo
2. Asia-Pacific Economic Cooperation	Singapore
3. Association of South East Asian Nations	Bangkok

Which of the above pairs is/are correctly matched?

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

Correct Answer: (b) 2 only

Solution:The headquarters of Asia pacific economic cooperation is in Singapore. The headquarters of Association of Southeast Asia Nations (ASEAN) is in Jakarta, Indonesia. The headquarters of Asian Development Bank is in the city of Philippines.

2. With reference to the United Nations, consider the following statements: [2009]

1. The Economic and Social Council (ECOSOC) of UN consists of 24 member States.

2. It is elected by a 2/3rd majority of the General Assembly for a 3-year term.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Correct Answer: (b) 2 only

Solution:The United Nations Economic and Social Council has 54 member states which are elected by the United Nations General Assemblyfor overlapping three-year terms. They are elected by the General Assembly for overlapping three-year terms.

3. Which one of the following pairs of countries fought wars overa region called Ogaden? [2009]

(a) Eritrea and Sudan
(b) Ethiopia and Somalia
(c) Kenya and Somalia
(d) Ethiopia and Sudan

Correct Answer: (b) Ethiopia and Somalia

Solution:Ethiopia and Somalia fought wars for Ogaden.

4. Consider the following countries: [2009]

1. Brunei Darussalam

2. East Timor

3. Laos

Which of the above is/are member/members of ASEAN?

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

Correct Answer: (c) 1 and 3 only

Solution:The Association of Southeast Asian Nations, is a geo-political and economic organization of 10 countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam.

5. Other than Venezuela, which one among the following from South America is a member of OPEC? [2009]

(a) Argentina
(b) Brazil
(c) Ecuador
(d) Bolivia

Correct Answer: (c) Ecuador

Solution:The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

6. Consider the following pairs: [2009]

Large Bank	Country of Origin
1. ABN Amro Bank	USA
2. Barclays Bank	UK
3. Kookmin Bank	Japan

Which of the above pairs is/are correctly matched?

(a) 1 only
(b) 2 only
(c) 1 and 2
(d) 2 & 3

Correct Answer: (b) 2 only

Solution:ABN AMRO Bank N.V. is a Dutch bank with headquarters in Amsterdam, the Netherlands. Barclays PLC is a global financial services company headquartered in London, United Kingdom. Kookmin Bank is the largest bank by both asset value and market capitalization in South Korea.

7. Consider the following pairs: [2009]

Automobile Manufacturer	Headquarters
1. BMW AG	USA
2. Daimler AG	Sweden
3. Renault S.A.	France
4. Volkswagen AG	Germany

Which of the above pairs is/are correctly matched?

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

Correct Answer: (b) 3 and 4

Solution:BMW AG and Daimler AG are Head quartered in Germany.

8. The Security Council of UN consists of 5 permanent members, and the remaining 10 members are elected by the General Assembly for a term of [2010]

(a) 1 year
(b) 2 years
(c) 3 years
(d) 5 years

Correct Answer: (b) 2 years

Solution:Five permanent members: China, France, Russian Federation, the United Kingdom, and the United States, and ten non-permanent members elected for two-year terms by the General Assembly (with end of term date).

9. Consider the following countries: [2010]

1. Brazil

2. Mexico

3. South Africa According to UNCTAD,

which of the above is/are categorized as "Emerging Economies"?

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

Correct Answer: (d) 1, 2 and 3

Solution:Newly industrialized countries are emerging markets whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts. The Big Emerging Market (BEM) economies are: Brazil, China, Egypt, India, Indonesia, Mexico, Philippines, Poland, Russia, South Africa, South Korea and Turkey.

10. Which one of the following is not related to United Nations? [2010]

(a) Multilateral Investment Guarantee Agency
(b) International Finance Corporation
(c) International, Centre for Settlement of Investment Disputes
(d) Bank for International Settlements

Correct Answer: (d) Bank for International Settlements

Solution:The World Bank (established in 1944, HQ - Washington, D.C.) is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense; we are made up of two unique development institutions owned by 187 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

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World Panorama (UPSC) Part-III

1. Consider the following pairs: [2009]

2. With reference to the United Nations, consider the following statements: [2009]

3. Which one of the following pairs of countries fought wars overa region called Ogaden? [2009]

4. Consider the following countries: [2009]

5. Other than Venezuela, which one among the following from South America is a member of OPEC? [2009]

6. Consider the following pairs: [2009]

7. Consider the following pairs: [2009]

8. The Security Council of UN consists of 5 permanent members, and the remaining 10 members are elected by the General Assembly for a term of [2010]

9. Consider the following countries: [2010]

10. Which one of the following is not related to United Nations? [2010]

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