Market Integration and Free Trade
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Questions and Answers

What is the primary goal of the World Trade Organization?

  • To create greater prosperity for Asia-Pacific region
  • To ensure smooth, predictable, and free trade (correct)
  • To promote social and economic progress
  • To establish regional, sub-regional, and national projects

When was the Asian Development Bank (ADB) founded?

  • 1980
  • 1966 (correct)
  • 1970
  • 1960

What is the primary role of the Asian Development Bank (ADB)?

  • To cater to the needs of smaller or under-developed countries (correct)
  • To create greater prosperity for Asia-Pacific region
  • To promote trade between nations
  • To establish regional, sub-regional, and national projects

How many member countries does the Asian Development Bank (ADB) have?

<p>57 (A)</p> Signup and view all the answers

What is the primary goal of the Asia-Pacific Economic Cooperation (APEC)?

<p>To create greater prosperity for the people of the region (B)</p> Signup and view all the answers

What is the Asia-Pacific Economic Cooperation (APEC) primarily concerned with?

<p>Regional economic integration (C)</p> Signup and view all the answers

Which international financial institution is responsible for promoting the social and economic progress of the Asian and Pacific region?

<p>Asian Development Bank (ADB) (D)</p> Signup and view all the answers

Which of the following is NOT a primary goal of the World Trade Organization?

<p>To promote social and economic progress (D)</p> Signup and view all the answers

What is the primary focus of the Asian Development Bank (ADB)?

<p>Regional, sub-regional, and national projects (A)</p> Signup and view all the answers

How many members does the Asia-Pacific Economic Cooperation (APEC) have?

<p>21 (C)</p> Signup and view all the answers

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