Economy and Banking Awareness Quiz - International Economic Organizations - Part 5

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1. When was the Council for Mutual Economic Assistance (COMECON) founded with the object of co-ordinating and integrating the economies of member-countries ? 
   1. 1948
   2. 1919
   3. 1950
   4. 1951
   5. None of these
2. How many countries joined together to form the European Free Trade Association
   
   (EFTA) with a view to ultimately establish a free trade area between member-countries ?
   1. Six
   2. Seven
   3. Eight
   4. Nine
   5. None of these
3. Tow founder members of the European Free Trade Association (EFTA) left it in 1972 to join the EEC. One was the UK. Which was the other ?
   1. Norway
   2. Sweden
   3. Denmark
   4. Portugal
   5. None of these
4. Where are the headquarters of EFTA located ?
   1. Geneva
   2. Brussels
   3. Stockholm
   4. Vienna
   5. None of these
5. The European Free Trade Association (EFTA) was formed on the patter of the EEC as a result of the convention signed by some countries of Europe at Stockholm. When was it formed ?
   1. 1959
   2. 1960
   3. 1961
   4. 1962
   5. None of these
6. When was the United Nations Environment Programme launched ?
   1. 1970
   2. 1971
   3. 1972
   4. 1973
   5. None of these
7. Which of the following organizations has its headquarters at Nairobi ?
   1. United Nations Development Programme 
   2. United Nations Environment Programme
   3. Organization of African Unity
   4. Universal Postal Union 
   5. None of these
8. When was the 'Group of 77', an economic group of the Third World countries to protect the economic and trade interests of developing countries, formed under the auspices of the United Nations ?
   1. 1962
   2. 1964
   3. 1966
   4. 1968
   5. None of these
9. When was the World Bank's Special Programme of Assistance (SPA) for indebted low income countries initiated ?
   1. December 1987
   2. January 1988
   3. March 1988
   4. May 1958
   5. None of these
10. Which country is the OPEC's largest oil exporter ?
    1. Saudi Arabia
    2. Iraq
    3. Kuwait
    4. United Arab Emirates
    5. None of these
11. When was the Organization of Petroleum Exporting Countries (OPEC) formed to control the production and pricing of crude oil ?
    1. 1956
    2. 1958
    3. 1960
    4. 1962
    5. None of these
12. The headquarters of which of the following organizations are located at Vienna ?
    1. OPEC
    2. COMECON
    3. OECD
    4. IDA
    5. None of these
13. The International Air Transport Association (IATA) aims to promote safe, regular and economical air transport and to provide a forum for collaboration. When was it founded ?
    1. 1945
    2. 1946
    3. 1947
    4. 1948
    5. None of these
14. How many International Airlines are active members of the IATA ?
    1. 260
    2. 320
    3. 180
    4. 452
    5. None of these
15. Which of the following is not a member country of the G-7 (Group of Seven advanced industrial nations) ?
    1. USA
    2. UK
    3. USSR
    4. Italy
    5. None of these

Try to solve these on your own and write your answers at the comments section below. Answers will be provided in 10 minutes. 

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