ASEAN ASEAN Economics and Trade 2

Question 1

What is the Regional Comprehensive Economic Partnership (RCEP)?

Accepted Answer

A free trade agreement between ASEAN and five partner countries

Answer

An ASEAN internal tariff framework

Answer

A currency swap arrangement

Answer

A joint military treaty

Question 2

Which ASEAN member state has the highest GDP per capita?

Accepted Answer

Singapore

Answer

Brunei

Answer

Malaysia

Answer

Thailand

Question 3

What is the ASEAN+3 grouping?

Accepted Answer

ASEAN plus China, Japan, and South Korea

Answer

ASEAN plus India, Australia, and New Zealand

Answer

ASEAN plus the US, EU, and Russia

Answer

ASEAN plus China, India, and Pakistan

Question 4

Which ASEAN financial mechanism was created after the 1997 Asian financial crisis?

Accepted Answer

Chiang Mai Initiative (CMI)

Answer

ASEAN Stabilization Fund

Answer

Asian Monetary Fund

Answer

ASEAN Reserve Pool

Question 5

What share of global trade does ASEAN collectively represent, making it a significant trading bloc?

Accepted Answer

Approximately 7%

Answer

Approximately 20%

Answer

Approximately 2%

Answer

Approximately 15%

Question 6

Which sector does the ASEAN Agreement on Electronic Commerce aim to develop?

Accepted Answer

Digital trade and e-commerce across member states

Answer

Telecommunications infrastructure funding

Answer

Cybersecurity law enforcement

Answer

Online government services