HOLY CROSS COLLEGE

Sta. Lucia, Sta. Ana, Pampanga

College Department
1st Semester A.Y. 2021-2022
Final Examination in Contemporary World
Name: Angeline H. Mangalino Date: 18/05/2022
Strand/Section: BSIT 1-A Score: ____________________
Teacher: _______________________________ Parent’s Signature: __________

GENERAL INSTRUCTIONS:
1. Carefully read, understand and follow the succeeding instructions.
2. WRITE YOUR ANSWERS using BLACK or BLUE PEN ONLY.
3. Any form of cheating will invalidate this exam!

I. MULTIPLE CHOICE: Read and analyse each item and ENCIRCLE the letter of the
correct answer to each question.

1. A literal trade agreement creating of the world’s largest free trade zones and laying the
foundations for strong economic growth.
a. CANADA c. WORLD BANK
b. NAFTA d. All the above
2. Who propose a free trade agreement with the United States?
a. CANADA c. MEXICO
b. GERMANY d. None of the Above

3. It is a system of international payment and exchanges that enable business to make

place between countries to promote high 9employment and sustainable economic growth and
development.
a. NATO c. WORLD BANK
b. IMF d. Both b and c.
4. It is established in 1944 to rebuild WW2.
a. NAFTA c. WORLD BANK
b. IMF d. GATT
5. It provides interest- free loans – called – credits- and grants to governments of the
poorest countries.
a. WORLD BANK c. MIGA
b. IFC d. IDA
6. It provides guarantees against losses caused by non- commercial risks to investors in
developing countries.
a. WORLD BANK c. IDA
b. IFC d. MIGA
7. How many countries joined the membership of GATT in 1994.
a. 128 c. 120
b. 127 d. 130
8. It tries to make the rules of trading clear and public.
a. NAFTA c. Globalization
b. World Bank d. GATT
 9. It’s the international monetary regime that prevailed from the end of World War II.
a. IDA c. Bretton Woods System
b. MIGA d. GATT
10. 3 countries joined the NAFTA.
a. CANADA, MEXICO, USA c. CANADA, EUROPE, USA
b. USA, MEXICO, PHILIPPINES d. CANADA, USA, THAILAND

II. ENUMERATION. Enumerate the following and write your answer at the back portion
of this paper.
11-16. (6) structures of NAFTA
17-19. (3) Key ACTIVITIES OF IMF
20- 22. WHAT DOES IMF DO?

III. ESSAY. Explain the following and write your answer at the back portion of this paper.
23- 30 Difference between WTO and GATT

31-40 Discuss the two side agreements under NAFTA

41-45 What is the meaning of TARIFFS?

Prepared by:
EDWINA M. MULDONG, LPT
Subject Teacher

Reviewed by:
ARZEL PINPIN, MSIT
BSCS/BSIT/ACT Program Chair

Approved by:
MARVIN O. MALLARI, MSCpE
DEAN,SECLS