Tag: facilitators of international business

Questions Related to facilitators of international business

The term 'ISO' stands for ______________.

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  1. International Organisation for Standardisation

  2. International Standardisation for Organisation

  3. Indian Standard Organisation

  4. International Standards for Organisations

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Correct Option: A

The world bank provides resources for __________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. education

  2. sanitation

  3. health care

  4. all of the above

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Correct Option: D
Explanation:

The world bank provides resources for education, sanitation, health care in the nations that lack such resources.

World bank is also known as __________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. GATT

  2. WTO

  3. ITO

  4. IBRD

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Correct Option: D
Explanation:

The world bank is also known as International Bank for Reconstruction and Development (IBRD).

The world bank was set  up for the reconstruction of war-effected economies of Europe.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. True

  2. False

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Correct Option: A
Explanation:

The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Funds (IMF). The intention behind the founding of the World Bank was to provide temporary loans to low-income countries and reconstruction of war-effected economies of Europe.

The world bank diverted their resources to _______  & ________ for the underdeveloped nations.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. infrastructure, finance

  2. industrial, agriculture

  3. import, export

  4. neither of the above

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Correct Option: B
Explanation:

The world bank diverted their resources to industrial and agricultural help for the underdeveloped nations. Industrial and agricultural situations are the primary base to the development of an underdeveloped nation.

The headquarters of the World bank is in __________.

world bank institutes supporting business facilitators of international business organisation of commerce and management commerce nabard and kvic funding and assistance to small businesses

  1. Switzerland

  2. Washington D.C

  3. Berlin

  4. London

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Correct Option: B
Explanation:

The headquarters of the World bank is in Washington D.C

Which of the following body is not related to the WTO?

political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

  1. Dispute Settlement Body

  2. Trade Policy Review Body

  3. Council of trade in goods

  4. Exchange Rate Management Body

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Correct Option: D

One of the major objectives of the WTO is _________.

political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

  1. Holding consultations with IMF and IBRD and its affiliated agencies.

  2. To promote an integrated, more viable and durable trading system.

  3. Ensuring that all the rules regulations prescribed in the Act are duly followed by the member countries for the settlement of their disputes.

  4. The system encourages good government.

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Correct Option: B

In which meeting was the idea of the WTO first coined?

political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

  1. Development of poor nations conference

  2. Bretton woods conference

  3. Distribution of wealth meet

  4. None of the above

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Correct Option: B
Explanation:

The Bretton Woods conference was the meeting which coined the idea of World Trade Organization (WTO) and International Monetary Funds (IMF).

Though the WTO has various benefits to its member countries, it has often been criticised for trade rules which are still unfavourable towards developing countries.

political science facilitators of international business introduction, status, objectives, features, scope and functions of the wto world trade organisation (wto) world trade organisation

  1. True

  2. False

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Correct Option: A