Free International Political Economy MCQs with Answers
97 International Political Economy MCQs from International Relations, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
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- A. 1st January 1995
- B. 6th March 1995
- C. 7th April 2001
- D. 9th July 2002
Explanation: Pakistan became an original member of the World Trade Organization when the WTO formally began operating on 1 January 1995.
Correct answer: 1st January 1995- A. New York
- B. Davos
- C. Paris
- D. Geneva
Explanation: The World Economic Forum's annual meeting is held in Davos, Switzerland.
Correct answer: Davos- A. 12-13 October 2005
- B. 1-3rd October 2005
- C. 1-3rd November 2005
- D. 1-3rd October 2004Pakistan Studies Mcqs
Explanation: The first World Islamic Economic Forum took place in Kuala Lumpur from 1 to 3 October 2005.
Correct answer: 1-3rd October 2005- A. Jeddah
- B. Kuala Lumpur
- C. Islamabad
- D. Kuwait
Explanation: The second World Islamic Economic Forum was held in Islamabad, Pakistan, from 5 to 7 November 2006.
Correct answer: Islamabad- A. these are observers in OPEC
- B. these are members of OPEC
- C. these have been invited by OPEC to join
- D. none of these
Explanation: These countries were not regular OPEC members, but were among the non-member states reported as having been invited or considered for…
Correct answer: these have been invited by OPEC to join- A. 1965
- B. 1968
- C. 1967
- D. 1966Try Prep Courses
Explanation: OAPEC was established in 1968 by Kuwait, Saudi Arabia and Libya to coordinate the petroleum policies of Arab oil-exporting states.
Correct answer: 1968- A. Tripoli
- B. Riyadh
- C. Cairo
- D. Kuwait
Explanation: OAPEC's headquarters are in Kuwait City, Kuwait, reflecting Kuwait's role as one of its founding members.
Correct answer: Kuwait- A. Common economic policies
- B. Single currency
- C. Both of them
- D. None of them
Explanation: Economic and Monetary Union combines coordination of members’ economic policies with a common currency, the euro, for participating…
Correct answer: Both of them- A. France
- B. Portugal
- C. Spain
- D. Switzerland
Explanation: France, Portugal, and Spain established extensive overseas colonial empires.
Correct answer: Switzerland- A. periphery
- B. core
- C. semi-periphery
- D. lumpenproletariat
Explanation: In world-systems theory, core regions control advanced production, finance, and technology, while peripheral regions mainly supply raw…
Correct answer: core- A. cartels
- B. MNCs
- C. IGOs
- D. the WTO
Explanation: Multinational corporations penetrate less-developed economies through investment, production networks, technology, and control of markets.
Correct answer: MNCs- A. Mao Zedong
- B. Hu Jintao
- C. Deng Xiaoping
- D. Sun Yat-Sen
Explanation: Deng Xiaoping launched China’s reform and opening policies from 1978, including market-oriented changes and greater engagement with the…
Correct answer: Deng Xiaoping- A. allowing and MNC to purchase the debt and invest in the country whose debt it has purchased
- B. reworking the terms on which a loan will be repaid
- C. shifting debt from governmental creditors to multilateral creditors
- D. taking out new loans to pay off old ones
Explanation: Debt renegotiation involves changing repayment conditions such as the maturity, interest rate, or repayment schedule.
Correct answer: reworking the terms on which a loan will be repaid- A. Japan
- B. OPEC members
- C. other states in the global South
- D. APEC members
Explanation: Japan has historically been a major bilateral aid donor, particularly through official development assistance to Asian countries.
Correct answer: Japan- A. reciprocal aid
- B. bilateral aid
- C. multilateral aid
- D. unitary aid
Explanation: Bilateral aid moves directly from one government to another. Multilateral aid instead passes through an international institution such as…
Correct answer: bilateral aid- A. interest relief
- B. microcredit
- C. concessionary terms
- D. conditional relief
Explanation: Concessionary or concessional terms make a loan more favourable than market terms, usually through a lower interest rate, longer maturity…
Correct answer: concessionary terms- A. U.S. Agency for Integrated Decision-making
- B. U.S. Agricultural and International Development Agency
- C. U.S. Agency for International Development
- D. U.S. Aid Agency
Explanation: USAID is the United States Agency for International Development, the principal US government agency responsible for civilian foreign…
Correct answer: U.S. Agency for International Development- A. unitary aid
- B. indirect aid
- C. reciprocal aid
- D. multilateral aid
Explanation: Aid channelled through several countries or international organizations such as UN agencies is multilateral aid.
Correct answer: multilateral aid- A. Luxembourg
- B. Austria
- C. the United States
- D. Canada
Explanation: The United States has often ranked among OECD donors with the lowest aid contribution relative to GNP, despite its large total aid volume.
Correct answer: the United States- A. agricultural
- B. economic
- C. military
- D. manufacturingInternational Relations
Explanation: Military aid can divert scarce resources toward weapons, strengthen authoritarian regimes, and intensify conflicts instead of building…
Correct answer: military