Bicol University

Gubat Campus
Gubat, Sorsogon

MIDTERM EXAMINATION
The Contemporary World

REX O. GONZALES
Professorial Lecturer

Part I. Multiple Choice: Read and understand the question carefully. Select the best answer in every
item.

1. Analyze the statements below:

Statement A: International financial institution are global political institutions that support a
country's economic growth through supports like delivery of weapons to the government and nor
other sectors.
Statement B: International monetary fund is an international organization with 193 member
countries that promotes international monetary cooperation and exchange stability to poster
economic growth and high employment.
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
C) Both statements are true.
D) Both statements are false.
ANSWER: D
2. Evaluate the statements below:
Statement A: In the early 1960s, there was already an emerging organization among Philippines,
Thailand and the republic of Malaya in what called the association of Southeast Asia (ASA).
Statement B: In 1963, another confederation was formed convened by then President Diosdado
Macapagal. This was referred to as MALAYA involving Malaysia, Philippines, and Indonesia
which aimed to unite nations of Malay origins.
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
C) Both statements are true
D) Both statements are false.
ANSWER: C
3. Which among the following does NOT Belong to the group?
A) Single market and production
B) Competitive economic region
C) Equitable economic outcomes
D) unity and cooperation
ANSWER: D
4. Which among the given does NOT belong to the group?
A) Bipolar such that i was produced in a schism between opposing political alliances.
B) comprehensive and multidimensional
C) involves non-state actors
ANSWER: A
5. Which of the following does not belong to the group?
A) International Monetary Fund
B) World Bank
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C) Organization for Economic Cooperation and Development

D) Multinational Companies
ANSWER: D
6. Which among the given below is not an element of nation-state?
A) Continuous and broken territory
B) Sovereign and territory
C) Monopoly of both laws and power
D) dependency on the economic policies.
ANSWER: D
7. Which of the following is not a member of ASEAN?
A) Malaysia
B) Timor-Leste
C) Cambodia
D) India
ANSWER: D
8. Evaluate the statement below: 
Statement A: The World Bank is an international financial institution that provides loans to
countries of the world or capital projects.
Statement B: United Nation is an institution that govern international relations and affairs with
192 members and seen as the facilitator of the global economy.
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
C) Both statements are true.
D) Both statements are false.
ANSWER: A
9. Evaluate the statements below:
Statement A: Bhargava argues that some critics questions International Financial Institution's
legitimacy given that majority of its shareholders and policy making powers lie with powerful
2nd world countries.
Statement B: The major products of International Financial Institution are loans to provide capital
for development initiatives of countries. However, it does not come for free and comes with
certain conditions that any countries can barrow without qualifications.
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
C) Both statements are true.
D) Both statements are false.
ANSWER: D
10. Evaluate the statements below: 
Statement A: Since the end of the Cold war, the world is heading a less centralized form of
governance. As the United States is facing serious setbacks in the wars in Iraq and Afghanistan,
many emerging powers such as China, Russia and Brazil have formed regional alliances to create
a multicultural and hegemonic order.
Statement B: At its simplest, global governance is a set of questions that enable us to work out
how the world is, was or could be governed and how changes in grand and not-so-grand patterns
of governance occurred, are occurring and ougth to occur.
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
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C) Both statements are true.

D) Both statements are false.
ANSWER: B
11. Evaluate the statements below:
Statement A: In a nutshell, Global South countries are generally oppressed and deprived in terms
of human development, having higher birth and death rates and perceived to be economically
dependent on the countries in the Global North as it shows that Global South is really poor
financially and natural resources.
Statement B: Claudio suggests that there is no uniform global south as the concept is constructed
both objectively and subjectively and thus begging for academic analysis to articulate.
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
C) Both statements are true.
D) Both statements are false.1
ANSWER: B
12. Evaluate the statements below:
Statement A: Economic globalization refers to how interdependent different countries and regions
have become across the world.
Statement B: Migration the mobility of people, capital, technology, goods and services
internationally.
A) Statement A is true while statement B is false
B) Statement A  is false while statement B is true.
C) Both statements are true.
D) Both statements are false.
ANSWER: B
13. Analyze the statements below.
Statement A: According to Watts a definitive evidence of the Montreal Protocol's success was
discussed by NASA and projected that ozone levels will return to 1980 levels by 2032.
Statement B: Montreal protocol is an example of global treaty that aims to promote the
production of numerous substances to gain more income.
A) Statement A is False while statement B is True.
B) Statement A is True while statement B is False.
C) Both statements are true.
D) Both statements are false.
ANSWER: B
13. Analyze the statement below.
Statement A: International Financial Institution are institutions that provide support through loans
or grants and technical advices to promote a country's political development.
Statement B: Compared to private financing institutions, International Financing Institutions
provide financial and technical services and product for profit and overall economic development
A) Statement A is true while statement B is false.
B) Statement A is false while statement B is true.
C) Both statements are true.
D) Both statements are false.
ANSWER: D
14. Evaluate the statements below:
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Statement A: There are many regions in the world where regionalism can be observed. Asia is
among these regions where regional cooperations are emergent and becoming more influential.
Statement B: Security challenge, ecological breakdown, demands for human resource, labor
migration, international terrorism, epidemics and drug trafficking are just among the issues faced
in this part of the world-phenomena which demands multilateral response. 
A) Statement A is false while statement B is true.
B) Both statements are true.
C) Both statements are true.
ANSWER: B
15. Which of the following IS NOT a definition of globalization?
A) Globalization refers to the expansion and intensification of social
relations and consciousness across world-time and world-space.
B) Globalization refers to all processes by which the peoples of the world
are incorporated into a single world society.
C) Globalization refers to the representation of the triumph of a capitalist
world economy tied together by a global division of labor.
D) Globalization refers to the privatization of corporations and firms to serve
the interest of the international market as well as the goal of
interdependence.
16. According to Ohmae (2000), globalization is on the onset of the ______________.
A) Borderless world
B) Limitless world
C) Progressive world
D) Spatial world
17. Which of the following IS NOT a characteristic of globalization?
A) It is interdependent.
B) It encourages cooperation between nation-states.
C) It promotes nationalism and identity.
D) It strengthens the global economy
18. According to Albrow (1990), globalization refers to all those processes by which thepeoples of the
world are incorporated into a single world society. In relation to this, which of the following scenarios
describes Albrow’s statement?
A) India is becoming the new business processing outsourcing (IT-BPO) powerhouse due to the
number of their call centers.
B) Israel and Palestine agreed to a cease-fire and present their territorial claims to the United
Nations.
C) he People’s Republic of China launched the Belt and Road Initiative, reviving the ancient Silk
Roads from Asia to Europe.
D) The International Monetary Fund (IMF) and World Bank (WB) provide loans to developing
countries.
19. Which of the following creation best describes Harvey’s (1998) statement on globalization as the
compression of time and space?
A) The creation of artificial intelligence (AI)
B) The creation of cryptocurrency and blockchain technology
C) The creation of social media platforms
D) The creation of the very first iPhone
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20. The following are concrete examples of financial facet of globalization EXCEPT:
A) Foreign Direct Investment (FDI) to a particular country
B) Overseas Filipino Workers (OFWs) sending remittances to their families
C) State-owned enterprises in Europe and Asia
D) The Philippines requesting loans for development projects from China
Part II. Enumeration: Give what is asked below.
21-25. Give the 5 Asian regionalism that exist to serve the goal of its members amidst the challenges and
criticism.
26-30. What are the country that belongs to Coastal region of Western Asia or Middle East?
31-35. List down 5 factors of Globalization
Part III. Matching type. Match the ASEAN Accord to the date it happened.
36-45
Answer 1
Treaty of Amity and Cooperation in Southeast Asia. Choose...

Answer 2
Adoption of a program of action for ASEAN cooperation. Choose...

Articulation of intention to ensure freedom from any external inference Answer 3

and to widen platform for cooperation Choose...

Answer 4
Declaration of ASEAN Economic Blueprint Choose...

Cebu Declaration on the Acceleration of the establishment of ASEAN Answer 5

Community by 2015 Choose...

Answer 6
Founding Principles, aims and goals, and general mechanisms. Choose...

Answer 7
Establishing an ASEAN Community with 3 pillars. Choose...

Answer 8
ASEAN Convention on Counter Terrorism Choose...

Answer 9
Reaffirm commitment to previous declaration and accord. Choose...

Treaty on the Southeast Asia Nuclear-weapon-free zone

Part IV. Essay. Discuss the effect of Globalization on government.