ECO | MCQs

Explanation

The Amazon rainforest is situated in Brazil. 

The majority of the forest is contained in Brazil

The Amazon covers a huge area (6.7 million sq km) of South America.

Amazon rainforest spans over 9 countries

• Brazil, with 60% of the rainforest,
• Peru with 13%,
• Colombia with 10%
• Minor amounts in Venezuela, Ecuador, Bolivia, Guyana, Suriname, and French Guiana.

Explanation

Euro was introduced on 1 January 199

The euro is the second-largest reserve currency 

The euro is the second-most traded currency in the world 

The euro is the sole currency of 20 EU member states:

1. Austria
2. Belgium
3. Cyprus
4. Estonia
5. Finland
6. France
7. Germany
8. Greece
9. Ireland
10. Italy
11. Latvia
12. Lithuania
13. Luxembourg
14. Malta
15. the Netherlands
16. Portugal
17. Slovakia
18. Slovenia
19. Spain
20. Croatia.

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VU CBT FIA  PAPER 30-12-2021

Explanation

UNCTAD released a report that calls for a global debt deal for the developing world.

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)