Question : Which organization promotes globalization and facilitates international trade?
Option 1: United Nations (UN)
Option 2: World Trade Organization (WTO)
Option 3: International Monetary Fund (IMF)
Option 4: World Bank
Correct Answer: World Trade Organization (WTO)
Solution : The correct answer is (b) World Trade Organization (WTO)
The World Trade Organization (WTO) is the organization that promotes globalization and facilitates international trade.
The WTO encourages and facilitates the reduction of trade barriers, such as tariffs and quotas, and works to eliminate discriminatory practices in international trade. It promotes the principles of non-discrimination, transparency, and predictability in trade policies and practices among its member countries.
Question : Which international organization played a significant role in promoting globalization in India?
Option 1: World Trade Organization (WTO)
Option 2: International Monetary Fund (IMF)
Option 3: World Bank
Option 4: United Nations (UN)
Question : The International Labour Organization (ILO) is a specialized agency of the:
Option 2: United Nations (UN)
Option 4: International Monetary Fund (IMF)
Question : The concept of "human development index" (HDI) is developed by:
Option 1: World Bank
Option 3: United Nations Development Programme (UNDP)
Option 4: World Trade Organization (WTO)
Question : Which of the following is not a type of international economic organization?
Option 4: Organization of Petroleum Exporting Countries (OPEC)
Question : Which of the following is an example of a new international economic organization?
Option 1: World Health Organization (WHO)
Option 3: World Trade Organization (WTO)
Option 4: BRICS New Development Bank (NDB)
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