ECO | MCQs

Explanation

Answer:

B

In Europe and Asia, temperate grasslands are known as steppes. In South, America grasslands are known as pampas. In North America temperate grasslands are known as prairies.

Explanation

The 50th Meeting of the ASEAN Economic Ministers (AEM) was held on 29 August 2018.

It was chaired by H.E. Chan Chun Sing, Minister for Trade and Industry, Singapore.

Explanation

The G-15 (Group of 15) is an economic grouping of developing countries from Asia, Africa, and Latin America.

These are often referred to as Third World Nations aiming to foster cooperation in trade, investment, and technology.

Explanation

Sri Lanka faced a severe economic crisis, including hyperinflation and foreign exchange shortages.

The IMF loan aimed to restore economic stability and support structural reforms.

Explanation

The D-8 Organization for Economic Cooperation, also known as the Developing-8.

It is a group of eight developing countries (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey) that focus on economic collaboration.

The 2023 summit emphasized digital transformation as a means to enhance trade, innovation, and economic growth among member nations.

Explanation

The Regional Cooperation for Development (RCD) was renamed Economic Cooperation Organization (ECO) in 1985.

It aiming to promote economic, technical, and cultural cooperation among member states in Asia.

RCD was established on: 21 July, 1964

RCD was dissolved in: 1979

RCD stand for Regional Cooperation for Development

RCD: Established by Iran, Pakistan and Turkey

RCD headquarters: Iran

Explanation

• Know everything about BRICS: 
• BRICS founded: June 2009
  
• BRICS Member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates
  
• BRICS total members: 10 
• South Africa joined BRICS: 2010
• BRICS headquarters: Shanghai, China
• BRICS first conference hosted by: Russia (2009) 

Explanation

• Know everything about BRICS: 
• BRICS founded: June 2009
  
• BRICS Member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates
  
• BRICS total members: 10 
• South Africa joined BRICS: 2010
• BRICS headquarters: Shanghai, China
• BRICS first conference hosted by: Russia (2009) 

Explanation

• Know everything about BRICS: 
• BRICS founded: June 2009
  
• BRICS Member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates
  
• BRICS total members: 10 
• South Africa joined BRICS: 2010
• BRICS headquarters: Shanghai, China
• BRICS first conference hosted by: Russia (2009) 

Explanation

The International Monetary Fund (IMF) supports global economic growth and financial stability by providing financial assistance and policy advice to member countries.

The International Monetary Fund (IMF) is a major financial agency of the United Nations and an international financial institution.

IMF founded: 27 December 1945

IMF headquarters: Washington, USA

IMF total members: 190

IMF official language: English