Midconworld

Name:__________________________ Score:___________
Yr./Course:______________________ Permit No.________
Midterm Examination
Contemporary World
Second Semester 2021-22
Test l Modified TRUE or FALSE

Write A-if both statements are true
B-if both statements are false
C-if first statement is true, 2nd is false
D-if first statement is false, 2nd is true
___1. A. The International Monetary Fund regards economic globalization as a

historical
process representing the result of human innovation and technological
progress.
B. It is characterized by the increasing integration of economies around the
world.
___2. A. The World Bank is an intergovernmental institution.
B. Its aim is to end extreme poverty and promote shared prosperity in a sustain-
able way.
___3. A. The IMF works to foster global monetary cooperation, secure financial
stability,
facilitate international trade, and more.
B. Like WB, it also grants financial assistance and loans to developing countries.
___4. A. The Asian Development Bank and the African Development Bank are regional
banks established in the 60s.
B. As financial institutions, both are anchored on the goal of fostering
sustainable
development in their respective member countries.
___5. A. Citigroup, a private international financial institution is an American trans-
national investment banking and financial corporation.
B. It is the largest bank in the US.
___6. A. Global market integration happened in just a snap of a finger.
B. It resulted in the establishment of global economy that involved
homogenization
of trade and commerce.
___7. A. International trading systems are new.
B. International trade and exchange of goods and services are already
practiced.
___8. A. Cities and countries were able to extend their reach beyond borders and
patterns of trade and technology.
B. This was observable in the developments in shipping and navigation.
___9. A. International companies are importers and exporters without investments
outside their home countries.
B. Global companies have investments and are present in their own country.
___10.A. The state as a compulsory political organization with a centralized
government
maintains the legitimate use of force within a certain territory.
B. The concept of nation emphasizes the organic ties that hold groups of people
together and inspire a sense of loyalty and civility.
___11.A. The UN Security Council has powers that include the creation of
peacekeeping
operations and international sanctions and the authorization of military action.
B. Also, UN’s International Criminal Court prosecutes individual accused of
crimes
against humanity such as genocide.
___12.A. The Universal Declaration of Human Rights affirms an individual’s right.
B. The United Nations Convention of the Law of the Sea defines the rights of
nation-states on the use the world’s land.
___13.A. The World Trade Organization is the sole IGO that caters to rules of trade on
global scale.
B. Its objective is to ensure that trade runs as smoothly, predictably, and freely
as
possible.
___14.A. Internationalism is the theory and practice of interdependent collaboration.

B. Anchored on the opinion that nationalism should be outrun, due to links
binding people of different countries are more powerful than those that
disconnect them.
___15.A. Socialist internationalism conforms with liberal internationalism.
B. Globalism is an attitude that seeks to form organization of liberated
community.
Test ll Multiple Choice

Choose the letter of the best answer and write answer on the blank before the number.
___16. The following are examples of IGOs EXCEPT

a) AfDB c) NATO
b) ICC d) OPEC
___17. These ideas arose from the intensified relations among nation-states.
a) internationalism and globalism c) centralization and globalism
b) socialization and federalism d) secularization and nationalism
___18. Their aim is to foster strong economic, political, cultural, educational, and
technical intergovernmental relationships. What is this called?
a) regional banks c) intergovernmental organizations
b) private banking corporations d) international financial institutions
___19. Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Laos,
Myanmar,
and Cambodia are members of the __________.
a) ASEAN c) UNCLOS
b) United Nations d) NATO
___20. Which of these has become the platform for strategic communications at home
and abroad wherein nation-states can utilize the internet to gather feedback
from
the citizens?
a) digital media c) printed media
b) broadcast media d) communications
___21. Which of the following gives people the power to air their sentiments or
grievances
and also serves as an avenue to discuss issues?
a) social media c) broadcast media
b) printed media d) telecommunications
___22. _________can be defined as a political community that emanates from the civic
society to legitimately execute peace.
a) nation-state c) state
b) nation d) none of these
___23. These common attributes such as agent of desired economic development,
an economic prominence, and a very powerful entity that can create an crisis
characterize a
a) global corporations c) world market
b) American corporations d) multinational companies
___24. The following are the American companies that emerged after World
War ll. Which does NOT belong to the group?
a) Renault Corporation c) Avis-Rent-A-Car
b) Sheraton Hotels d) Continental Banking
___25. What regional bank lends money for the building of infrastructure that leads to
growth in business?
a) Bank of America c) Continental Banking
b) Bank of Shanghai d) Asian Development Bank
Test lll Fish and Scale (5pts.each)

Write the letter of the item which does not belong to the group. Give reason for choice.
___26. a) Hyundai ___27.a) International Development

b) Toyota Association
c) Nissan b) International Financial
d) Isuzu Corporation
Reason:____________________ c) International Bank for
___________________________ Reconstruction and Devt.
d)Intercontinental Banking
Reason:_____________________
_____________________________
Test lV Essay (20 pts)
28. Discuss the aims of the ASEAN.

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Name:________________ Score:_

Yr./Course:______________ Permit No.

Test l Modified TRUE or FALSE

___1. A. The International Monetary Fund regards economic globalization as a

___14.A. Internationalism is the theory and practice of interdependent collaboration.

Test ll Multiple Choice

___16. The following are examples of IGOs EXCEPT

Test lll Fish and Scale (5pts.each)

_26. a) Hyundai _27.a) International Development

Test lV Essay (20 pts)

28. Discuss the aims of the ASEAN.

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