SAINT MICHAEL COLLEGE OF HINDANG LEYTE INC.

A Bonifacio St., Poblacion II, Hindang Leyte

Website: smchindang.edu.ph
E-mail: smchindang@gmail.com

Business Department
2nd Semester, S.Y. 2018 - 2019

Semi Final Examination in GEC 3

(The Contemporary World)

Name: ______________________ Course &Year Level: ____________ Date: ________

Test I. TRUE or FALSE. Write TRUE if the statement is True and F if the statement is false.
Identify the word/s that makes the statement wrong and write the correct answer.

1. NAFTA is a trade pact among USA, Mexico and Canada.

2. OECD comprises of 53 member states as of 2016.
3. Libya is the latest member of OECD.
4. EU is made up of 25 member country mostly from Eurozone.
5. WTO headquarters is located in Queensland, USA.

Test II. Enumeration

1. Five (5) basic social institutions

2. Five (5) original country member of OECD
3. Five (5) additional country member of OECD
4. Three (3) sectors in a given economic system
5. Seven (7) international financial institutions.

TEST III. Identification

Give the meaning of the following acronyms

1. NAFTA 6. WTO
2. OECD 7. GATT
3. OPEC 8. EU
4. IMF 9. MNC
5. WB 10. TNC

Test IV. Essay

1. Why is digital information revolution so powerful?