The basic aim of Asia-Pacific Economic Cooperation (APEC) is to promote regional economic integration and free trade. It was founded in:

Related Mcqs:

1. Islamic Republics established ‘The Economic cooperation Organization’ (ECO) in 1985 to promote regional economic cooperation among the member states:

   A. Pakistan, Iraq & Afghanistan
   B. Pakistan, Turkey & Afghanistan
   C. Iran, Pakistan & Turkey
   D. Iran, Pakistan, Turkey & Afghanistan

2. ___________ is the process of political integration following economic integration for practical purposes.

   A. Total integration
   B. Mutual integration
   C. Spillover
   D. Supranationalism

3. Regional alliance, ASEAN, of eight independent countries of South East Asia was founded in:

   A. 1965
   B. 1947
   C. 1976
   D. 1967

4. Which organization was established in 1981 to promote, solidarity and economic, political and social cooperation between the producing countries of Arabian Peninsula?

   A. Arab League
   B. Islamic cooperation Organization
   C. Gulf cooperation council (GCC)
   D. There are six members in GCC

5. If regional free-trade areas such as now exist in Europe and North America gain strength, and new ones arise,

   A. the WTO will likely be replaced by the International Monetary Fund
   B. the more necessary the WTO will be
   C. a world-wide common market will soon be achieved
   D. the WTO may be weakened

6. The organization, within the UN, which was founded in 1948 to encourage free trade between nations by reducing tariffs, subsides, quotas and regulations:

   A. General Agreement on Tariffs and Trade (GATT)
   B. World Trade Organization (WTO)
   C. International Standardization Organization (ISO)
   D. World Economy Forum (WEF)

7. The South Asian Association for Regional Cooperation (SAARC) was established in _____________?

   A. 1980
   B. 1985
   C. 1982
   D. 1978

8. Which organization’s some members have established the Eurasian Economic Community with the aim of creating a full-fledged common market?

   A. CIS
   B. APEC
   C. SAARC
   D. ASEAN

9. When a joint Ministerial Commission was set up between Pakistan and Iran to promote trade and to identify other areas of mutual co-operation?

   A. 1973
   B. 1974
   C. 1975
   D. 1976

10. At the United Nations a loose coalition of developing nations, designed to promote its members’ collective economic interests and create an enhanced joint negotiating capacity in the United Nations is known as:

    A. Developing countries
    B. G130
    C. G77
    D. Group of 77