Global Economic Institutions and Issues Quiz

What is the primary function of the International Monetary Fund (IMF)?

• To reduce poverty in developing countries

• To promote global financial stability

• To provide technical expertise for projects

• To ensure fair trade practices

Which organization primarily focuses on reducing poverty and supporting development?

• World Bank

• United Nations

• International Monetary Fund

• World Trade Organization

What is the main role of the World Trade Organization (WTO)?

• To manage international financial crises

• To provide loans to developing countries

• To promote social and economic development

• To ensure fair and transparent trade practices

What distinguishes Transnational Corporations (TNCs) from Multinational Corporations (MNCs)?

• TNCs operate without a specific headquarters

• MNCs focus on local markets

• MNCs operate in multiple countries

• TNCs have a specific headquarters

Which of the following is NOT a factor affecting income inequality in the Philippines?

• Education and Skills Development

• Social Inequality

• Economic Policies and Globalization

• Cultural Heritage

What is one impact of income inequality on poverty?

• Improved social mobility

• Higher living standards for all

• Increased access to healthcare

• Limited access to basic services

Which strategy is NOT mentioned for inclusive economic growth?

• Support for Small and Medium Enterprises (SMEs)

• Support for Large Corporations

• Infrastructure Development

• Enhancing Education and Workforce Development

What is one of the primary roles of the United Nations?

• To promote corporate interests

• To provide loans to countries

• To maintain international peace and security

• To regulate international trade

Which challenge does NOT face global governance in the 21st century?

• Decreased international cooperation

• Rise of non-state actors

• Climate change

• Increased digitalization

What is one way to combat corruption?

• Implementing robust anti-corruption measures

• Encouraging secretive financial practices

• Reducing government transparency

• Limiting citizen participation