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Questions and Answers

What year was the International Monetary Fund (IMF) founded?

  • 1985
  • 1945 (correct)
  • 1958
  • 1993

Who is the current head of the International Monetary Fund?

  • Ngozi Okonjo-Iweala
  • Christine Lagarde
  • Kristalina Georgieva (correct)
  • Gita Gopinath

In which year was the World Trade Organization (WTO) established?

  • 2002
  • 1947
  • 1986
  • 1995 (correct)

What is the primary headquarters location of the European Union?

<p>Brussels (B)</p> Signup and view all the answers

Which country became the 32nd member of NATO?

<p>Sweden (D)</p> Signup and view all the answers

How many total members are there in the South Asia Association for Regional Cooperation (SAARC)?

<p>8 (B)</p> Signup and view all the answers

Which organization received the Nobel Peace Prize in 2012?

<p>European Union (A)</p> Signup and view all the answers

What currency does the International Monetary Fund (IMF) use?

<p>SDR (Special Drawing Rights) (C)</p> Signup and view all the answers

Flashcards

IMF Founding Year

The International Monetary Fund (IMF) was established in 1945, with 29 founding countries.

IMF Headquarters

The IMF is headquartered in Washington, D.C.

WTO Founding Date

The World Trade Organization was established on January 1st, 1995 as a successor to GATT.

WTO Headquarters

The World Trade Organization (WTO) has its headquarters in Geneva.

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EU Establishment Year

The European Union was largely formed in 1993, originating from the Treaty of Rome.

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EU Currency

The Euro (€) is the currency of several EU member countries, first circulating in 2002.

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NATO Establishment Year

The North Atlantic Treaty Organization (NATO) was established in 1949 with 12 founding members.

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SAARC Establishment Year

The South Asian Association for Regional Cooperation (SAARC) was established in 1985.

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Study Notes

Major International Organizations

  • IMF (International Monetary Fund):

    • Established in 1945 with 29 countries.
    • Headquarters: Washington D.C.
    • Currency: Special Drawing Rights (SDR).
    • Provides loans to member countries.
    • Key currencies: US Dollar, Pound Sterling, Euro, Japanese Yen, Renminbi.
  • World Bank:

    • Provides loans to developing countries.
  • WTO (World Trade Organization):

    • Established in 1995 after the Uruguay Round.
    • Formed from the General Agreement on Tariffs and Trade (GATT).
    • Based in Geneva, Switzerland.
    • Current head: Ngozi Okonjo-Iweala.
  • EU (European Union):

    • Formed in 1958.
    • Current Head: Ursula von der Leyen.
    • 27 member countries.
    • Headquarters: Brussels, Belgium.
    • Currency: Euro.
  • NATO (North Atlantic Treaty Organization):

    • Established in 1949.
    • 32 member countries.
    • Headquarters: Brussels, Belgium.
    • Current Secretary General: Jens Stoltenberg.
  • SAARC (South Asian Association for Regional Cooperation):

    • Established December 8, 1985 in Dhaka.

    • Headquarters: Kathmandu, Nepal

    • 8 member countries, 9 observer countries

    • Current Secretary General - Gulam Sarwar.

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