Tag: world trade organisation

Questions Related to world trade organisation

Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A
Explanation:

Objective of IMF is to assist in the establishment of multilateral system of payments in respect of current transaction between member countries.

IMF provides machinery for international consultations.

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A

IMF acts as a __________ credit institution.

the wto and india world trade organisation international business commerce business studies

  1. long-term

  2. short-term

  3. both A & B

  4. neither A & B

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Correct Option: B

The full form of IDA is International Development Association. 

the wto and india world trade organisation international business commerce business studies

  1. True

  2. False

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Correct Option: A

Which among the following is a function of the IMF?

the wto and india world trade organisation international business commerce business studies

  1. Acting as short term credit institution

  2. Promoting orderly adjustment of exchange rate

  3. Lending institution of foreign currency and current transaction

  4. All of the above

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Correct Option: D
Explanation:

The functions of IMF are :

1: Acting as a short term credit institution
2: Promoting orderly adjustment of exchange rate
3: Lending instituions of foreign currency and current transaction.

The headquarters of the IMF is located in _______________.

the wto and india world trade organisation international business commerce business studies

  1. New York

  2. Los Angeles

  3. Washington D.C

  4. London

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Correct Option: C

Which among the following is not the major objectives of the IMF?

the wto and india world trade organisation international business commerce business studies

  1. Promote international monetary cooperation

  2. Promote balanced growth of international trade

  3. Promote weapons development in developing nations

  4. All of the above

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Correct Option: C
Explanation:

The major Objectives of IMF are 

1: to promote international monetary cooperation.
2: To promote balanced growth of international trade.

To promote weapons development in developing nations is not an objective of the IMF.

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).