Tag: facilitators of international business

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Questions Related to facilitators of international business

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

Bretton Woods conference agreed upon having some arrangement among themselves so as to liberalise the world. The arrangement is known as __________.

  1. Tariff

  2. Customs

  3. International Trade Organization

  4. General Agreement for Tariffs and Trade
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The General Agreement on Tariffs and Trade (GATT) was the precursor to the WTO, established after the Bretton Woods conference to reduce trade barriers.

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

______ helps fostering growth of developing countries by providing them with special and preferential treatment in trade related matters.

  1. World Bank

  2. WTO

  3. IMF

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

The WTO provides special and differential treatment provisions to developing countries, allowing them more flexibility and longer timeframes to implement trade agreements.

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 followings are called Brettonwoods Twins?

  1. IMF & International Bank for Reconstruction and Development (IBRD)

  2. IMF & World Trade Organisation

  3. IBRD & World Trade Organisation

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

The International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD, part of the World Bank Group) were both established at the 1944 Bretton Woods Conference and are commonly called the Bretton Woods Twins.

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

Any state or customs territory having full autonomy in the conduct of its trade policies may join the WTO.

  1. True

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

The WTO membership is open to any state or customs territory that possesses full autonomy in the conduct of its external trade policies. This ensures that only entities capable of fulfilling WTO obligations can join.

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

All major decisions are made by the membership as a whole, either by ministers who usually meet _____ or by their ambassadors or delegates.

  1. at least twice every two years

  2. each year

  3. at least once every two years

  4. when requied
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The WTO Ministerial Conference is the highest decision-making body and is required to meet at least once every two years. Between these sessions, the General Council performs the functions of the Ministerial Conference.

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

The ________ Round was officially launched at the WTOs Fourth Ministerial Conference in Qatar, in November 2001.

  1. Uruguay

  2. Doha

  3. Geneva

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

The Doha Development Agenda, or Doha Round, was initiated at the Fourth Ministerial Conference held in Doha, Qatar, in November 2001.

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 institution is associated with Dunkel Proposals?

  1. World Bank

  2. International Monetary Fund

  3. World Trade Organization

  4. United Nations Organization
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Dunkel Proposals, named after Arthur Dunkel, were the draft agreements that formed the basis for the final Marrakesh Agreement, which established the World Trade Organization.

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

The World Trade Organisation is the successor to the ____________.

  1. UNCTAD

  2. ADB

  3. IMF

  4. GATT
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The World Trade Organization was established on January 1, 1995, replacing the General Agreement on Tariffs and Trade (GATT), which had been in place since 1948.

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

The WTO has ___________.

  1. no legal status

  2. a legal status

  3. a special status

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

The WTO has full legal personality under international law, meaning it can contract, acquire property, and enjoy legal privileges and immunities necessary for its functions. This legal status, granted in the Marrakesh Agreement, enables the WTO to operate effectively as an international organization.