Tag: world trade organisation

Quizzes (3) Questions (54)

Questions Related to world trade organisation

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

IMF acts as a __________ credit institution.

  1. long-term

  2. short-term

  3. both A & B

  4. neither A & B
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The IMF provides short-term financial assistance to member countries to help them stabilize their balance of payments. It is not designed for long-term development financing, which is the role of institutions like the World Bank.

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

Which among the following is a function of the IMF?

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
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.

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

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

  1. Promote international monetary cooperation

  2. Promote balanced growth of international trade

  3. Promote weapons development in developing nations

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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).