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Worksheets2p-WTO & OPEC_Int.Org._2024
Total questions: 20
Worksheet time: 11mins
What is the main objective of the World Trade Organization?
Promote free trade
Ensure fair trade practices
Resolve trade disputes
Provide a platform for negotiations
WTO is the successor of?
IMF
GATT
EFTA
SAPTA
Mostly, Middle Eastern Nations that work together with setting prices and production levels of oil
OPEC (Organization of petroleum exporting Countries)
NAFTA (North American Free Trade Agreement)
EU (European Union)
WTO (World Trade Organization)
What does OPEC stand for?
Organization of Petroleum Excelling Countries
Oil Producing of the Equilibrium Countries
Organization of Petroleum Exporting Countries
Oil, Petroleum, and Excellent Countries
Which nation leads the Middle East region in the production and export of oil?
Iran
Iraq
Kuwait
Saudi Arabia
How many members does the WTO have?
164
180
172
193
How many observer governments does the WTO have?
25
29
15
21
Since what year Mexico is a member of the WTO?
1995
2010
1945
1998
The WTO derives most of the income for its annual budget from contributions by its Members.
True
False
The WTO Hq is located in:
Washington, D.C.
Paris, France
Saudi Arabia
Geneve, Switzerland
Name of the last round of the GATT in which the WTO was born?
Tokio
Kennedy
Uruguay
Doha
First members to conform OPEC?
Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
Islamic Republic of Iran, Pakistan, Kuwait, Saudi Arabia and Venezuela.
Islamic Republic of Iran, Kenia, Kuwait, Saudi Arabia and Venezuela.
Islamic Republic of Iran, USA, Kuwait, Saudi Arabia and Venezuela.
In which year was OPEC created?
1960
1973
1965
1944
Where are the Hq of OPEC settled?
Saudi Arabia
Vienna, Austria
London, U.K.
Geneve, Switzerland
Numbers of members that today conform OPEC?
12
17
21
11
In which country was OPEC born?
Iraq
Saudi Arabia
Venezuela
Iran
The USA is one of the biggest producers of oil and thus it has the greatest voting power in OPEC.
True
False
