Question 1

The International Monetary Fund (IMF) was established in which year?

Accepted Answer

The International Monetary Fund (IMF) was established in 1944 at the Bretton Woods Conference in New Hampshire, USA. It began operations in 1947. The IMF was created to promote international monetary cooperation and exchange stability.

Question 2

Which of the following is the primary objective of the World Trade Organization (WTO)?

Accepted Answer

The WTO was established in 1995 to regulate and facilitate international trade. Its primary objective is to ensure that trade flows as smoothly, predictably, and freely as possible between nations by administering trade agreements and resolving disputes.

Question 3

The World Bank primarily provides financial assistance for which type of projects in developing countries?

Accepted Answer

The World Bank provides financial assistance, technical expertise, and policy advice for development projects in developing countries. These include infrastructure, education, health, agriculture, and poverty reduction projects aimed at sustainable economic development.

Question 4

Which organisation is responsible for regulating international trade and resolving trade disputes among member nations?

Accepted Answer

The World Trade Organization (WTO) was established in 1995 to regulate international trade, ensure trade flows smoothly, and provide a forum for resolving trade disputes. It replaced the General Agreement on Tariffs and Trade (GATT).

Question 5

Which international organisation was established in 1945 with the primary objective of maintaining international peace and security?

Accepted Answer

The United Nations (UN) was established on 24 October 1945 following World War II. Its primary purpose is to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and promote human rights.

Question 6

The United Nations Conference on Trade and Development (UNCTAD) was established in which year?

Accepted Answer

UNCTAD was established in 1964 as a permanent organ of the United Nations General Assembly to promote development-oriented trade policies and address the economic needs of developing countries, particularly regarding commodity trade and technology transfer.

Question 7

Which organization is responsible for setting international standards for food safety and agricultural practices?

Accepted Answer

The Codex Alimentarius Commission (CAC), established jointly by FAO and WHO in 1963, develops international food standards, guidelines, and codes of practice to protect consumer health and ensure fair trade practices in food commerce.

Question 8

India is a member of which of the following regional trade blocs?

Accepted Answer

India is a founding member of SAARC (South Asian Association for Regional Cooperation) established in 1985, and also participates in BIMSTEC and other regional trade arrangements. However, India is NOT a member of ASEAN, though it has strategic partnerships with ASEAN nations.

Question 9

The International Monetary Fund (IMF) is headquartered in which city?

Accepted Answer

The IMF, established in 1944 at the Bretton Woods Conference, has its headquarters in Washington, D.C., United States. This is where its Board of Governors and Executive Board conduct their operations.

Question 10

The World Trade Organization (WTO) replaced which international organization in 1995?

Accepted Answer

The WTO was established on January 1, 1995, as the successor to the General Agreement on Tariffs and Trade (GATT), which had been in operation since 1947. The WTO expanded the scope of trade regulation beyond goods to include services and intellectual property.

Question 11

The World Trade Organization (WTO) replaced which organization as the primary multilateral framework for trade negotiations?

Accepted Answer

The WTO, established on January 1, 1995, replaced the General Agreement on Tariffs and Trade (GATT), which had been in operation since 1948. GATT was a provisional agreement; the WTO is a permanent organization with institutional structure.

Question 12

Which of the following is NOT a member of the Shanghai Cooperation Organisation (SCO) as of 2024?

Accepted Answer

The SCO has 8 full members: China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, and Pakistan. Iran became the 9th full member in 2023. Belarus, Mongolia, and several others are dialogue partners or observers, not full members.

Question 13

The International Monetary Fund (IMF) is headquartered in which city, and in what year was the IMF established?

Accepted Answer

The IMF was established in 1944 at the Bretton Woods Conference and is headquartered in Washington, D.C., United States. It is one of the two major institutions created at Bretton Woods (the other being the World Bank).

Question 14

Which country holds the largest voting share in the World Bank's International Bank for Reconstruction and Development (IBRD) as of 2024?

Accepted Answer

The United States holds the largest voting share in the IBRD with approximately 16.41% of total votes. This reflects the historical dominance of the US in post-WWII institutional design and its largest capital contribution.

Question 15

The World Trade Organization (WTO) replaced which international agreement/organization in 1995, and in which city was the WTO formally established?

Accepted Answer

The WTO replaced the General Agreement on Tariffs and Trade (GATT), which had been in operation since 1947. The WTO was formally established on January 1, 1995, following the conclusion of the Uruguay Round negotiations. The WTO headquarters is located in Geneva, Switzerland, not Brussels or New York.

SSC MTS International Organisations

International Organisations— Rules & Concept

Key Points to Remember

Exam-Specific Tips

International Organisations — Practice Questions

60-Second Revision — International Organisations