WorksheetsINTERNATIONAL BUSINESS
Total questions: 15
Worksheet time: 8mins
THE WORLD BANK WAS FORMED IN THE YEAR _______.
1944
1945
1946
1947
It was founded on January 1st 1995 according to the General agreement on trade and tarrif.
WHO
FAO
IMF
WTO
IBRD head office is at
Washington
Paris
Newyork
India
Based on this information, which statement best describes a benefit of the 1994 North American Free Trade Agreement (NAFTA)?
Which of the following statement is correct?
Every member country of the IMF automatically becomes the member of the World Bank
The World Bank has 45 founder members
India is not the founding member of the World Bank
IMF is the part of World Bank group
Where is the headquarter of the WTO?
New York
Geneva
Barcelona
Paris
Define trading bloc.
Groups of countries that agree to reduce or eliminate trade barriers between themselves
Union that adopts a common currency
Measure of the the price of a country’s exports relative to its imports.
refers to the value of exports minus imports.
What type of currency is used in the EU (European Union)?
Peso
Lyre
Euro
Dollar
Nations engage in international trade because most countries do not have the factors of production needed to produce all the goods and services needed by their population.
True
False
Currently how many members are in the SAARC organisation?
6
7
8
10
In acronym SAARC, “C” stands for _______________
Committee
Commonwealth
Conference
Cooperation
Identify the SAARC logo.
