Tag: facilitators of international business

Quizzes (4) Questions (53)

Questions Related to facilitators of international business

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

The term 'ISO' stands for ______________.

  1. International Organisation for Standardisation

  2. International Standardisation for Organisation

  3. Indian Standard Organisation

  4. International Standards for Organisations
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

ISO stands for the International Organization for Standardization. It is an independent, non-governmental international organization that develops standards to ensure the quality, safety, and efficiency of products and services.

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

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

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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

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

  1. infrastructure, finance

  2. industrial, agriculture

  3. import, export

  4. neither of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

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

  1. Dispute Settlement Body

  2. Trade Policy Review Body

  3. Council of trade in goods

  4. Exchange Rate Management Body
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The World Trade Organization (WTO) deals with trade rules and disputes; it does not manage exchange rates, which is typically the domain of the International Monetary Fund (IMF).

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

One of the major objectives of the WTO is _________.

  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.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A primary objective of the WTO is to facilitate the flow of trade by promoting an integrated, viable, and durable multilateral trading system.

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

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

  1. Development of poor nations conference

  2. Bretton woods conference

  3. Distribution of wealth meet

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

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

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

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.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The WTO is frequently criticized by developing nations for trade rules that may favor developed economies, such as agricultural subsidies or intellectual property rights.