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Current Affairs MCQs

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147 Questions

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Stay prepared with important national, international, political, economic and global developments relevant to competitive examinations.

Pakistan AffairsWorld AffairsEconomyInternational Organizations

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141

Medium css pms fpsc

The International Monetary Fund (IMF) primarily assists countries facing which type of economic difficulty?

A Trade tariff disputes
B Balance of payments problems
C Currency design
D Agricultural subsidies

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Correct Answer: Option B — Balance of payments problems

Explanation: The IMF provides financial assistance and policy advice to member countries experiencing balance of payments difficulties, helping stabilize their economies through structural adjustment programs.

Submitted by: PaperMCQs

142

Medium fpsc ppsc nts

Which international financial institution primarily focuses on providing loans for development projects in poorer countries?

A IMF
B World Bank
C WTO
D OECD

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Correct Answer: Option B — World Bank

Explanation: The World Bank focuses on providing long-term loans and grants for development projects in developing countries, distinguishing it from the IMF, which primarily addresses short-term balance of payments issues.

Submitted by: PaperMCQs

143

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The Organisation of Islamic Cooperation (OIC) has its headquarters in which city?

A Mecca
B Jeddah
C Riyadh
D Cairo

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Correct Answer: Option B — Jeddah

Explanation: The Organisation of Islamic Cooperation, the second-largest intergovernmental body after the UN, has its headquarters in Jeddah, Saudi Arabia, coordinating cooperation among Muslim-majority states.

Submitted by: PaperMCQs

144

Medium fpsc ppsc nts

The G7 grouping of advanced economies includes which of the following countries?

A Japan
B Brazil
C India
D South Africa

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Correct Answer: Option A — Japan

Explanation: Japan is one of the seven members of the G7, alongside the United States, United Kingdom, France, Germany, Italy, and Canada, representing major advanced industrial economies.

Submitted by: PaperMCQs

145

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BRICS is an economic grouping originally comprising which five countries?

A Brazil-Russia-India-China-South Africa
B Bangladesh-Russia-Iran-China-Spain
C Brazil-Romania-Indonesia-Chile-Sweden
D Belgium-Russia-Israel-Cuba-Slovenia

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Correct Answer: Option A — Brazil-Russia-India-China-South Africa

Explanation: BRICS originally comprised Brazil, Russia, India, China, and South Africa, representing major emerging economies that coordinate on economic and geopolitical issues, with the group later expanding to include additional members.

Submitted by: PaperMCQs

146

Medium fpsc ppsc nts

Which international organization is primarily responsible for global trade rules among nations?

A IMF
B World Bank
C World Trade Organization
D World Economic Forum

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Correct Answer: Option C — World Trade Organization

Explanation: The World Trade Organization, established in 1995, oversees global trade rules and resolves trade disputes between member nations to facilitate smooth international commerce.

Submitted by: PaperMCQs

147

Medium css pms fpsc ppsc

United Nations Organization (UNO) was established in which year?

A 1943
B 1944
C 1945
D 1946

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Correct Answer: Option C — 1945

Explanation: The United Nations (UN) was established on October 24, 1945, after World War II. Currently, it has 193 member states. Its headquarters is in New York City.

Submitted by: PaperMCQs

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