In term of combined GDP of its members, the largest trade bloc in the world is:

Related Mcqs:

1. Apart from the WTO, most international trade is governed by more specific international agreements: bilateral trade agreements and:

   A. global trade agreements
   B. reciprocity
   C. regional trade agreements
   D. interdependence

2. Which term is used for intentionally and systematic destruction of a national, racial, religious or ethic group. The term is commonly applied to the policies of Nazis during World War II?

   A. Genocide
   B. Mass killing
   C. Homicide
   D. Ethnic-cleansing

3. The GATT was replaced by the World Trade organization in:

   A. January 1996
   B. December 1995
   C. January 1995
   D. January 1994

4. In recent years, to balance its trade deficit, the United States has:

   A. “exported” currency to other countries
   B. greatly increased tariffs on imports from Asia
   C. increased export of goods and services by offering subsidies to those industries
   D. invested heavily in the euro and the yen

5. What term describes the ease with which alliance members hold together an alliance?

   A. burden sharing
   B. collective security
   C. alliance cohesion
   D. balance of power

6. OAPEC’s members are Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria and UAE. Its headquarters are in:

   A. Tripoli
   B. Riyadh
   C. Cairo
   D. Kuwait

7. Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, Venezuela, and Ecuador are OPEC’s members. Its headquarters are in:

   A. Vienna
   B. Tehran
   C. Riyadh
   D. Baghdad

8. 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

9. Who was the target of the symbolic attacks against the World Trade Centre in 1933 and 2001?

   A. Global Capitalism
   B. Citizens of the USA
   C. President Clinton
   D. The International Monetary Fund

10. When Pakistan became the member of World Trade Organization:

    A. 1st January 1995
    B. 6th March 1995
    C. 7th April 2001
    D. 9th July 2002