Tag: the wto and india

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

The objectives of IDA is to provide assistance for poverty alleviation in the poorest countries.

  1. True

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

Objectives of IDA are:

1. To provide development finance on easy terms to less developed member countries.

2. To promote economic development, increase productivity and thus, raise the standards of living in the underdeveloped areas.

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

One of the objectives of IDA is to extend macro economic management services.

  1. True

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

The following are the principal objectives of the IDA:

1. To extend macro economic management services.

2. To provide development finance on easy terms to less developed member countries.

3. To promote economic development, increase productivity and thus, raise the standards of living in the underdeveloped areas

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

The major institutions offering assistance to exporters are ______________.

  1. Commercial Banks

  2. Reserve Bank and Cooperative Bank

  3. Export Credit and Guarantee Corporation (ECGC)

  4. Both (a) and (c)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The major institutions that offer assistance to exporters are the commercial banks that provide loan to these exporters at a very nominal rate and the Export Credit and Guarantee Corporation (ECGC) which was set up in 1957 by the Ministry of Commerce, Government of India to provide export credit insurance support to Indian exporters. 

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

The major outcome of the Bretton Woods Conference was the estabilishment of ______________.

  1. IMF and IFC

  2. IBRD and IFC

  3. IBRD and ADB

  4. IMF and IBRD
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The major outcome of the Bretton woods conference was the establishment of the International Monetary Funds (IMF) and International Bank for Reconstruction and Development (IBRD)

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

Which one is not an objective of IMF?

  1. To promote international monetary cooperation

  2. To ensure balanced international trade

  3. To finance productive efforts according to peace-time requirement

  4. To ensure exchange rate stability
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The objectives of Intentional Monetary Funds are to ensure the balanced international trade, to finance productive efforts according to peace-time requirement, to ensure stability of foreign exchange. To promote international monetary cooperation is not an objective of IMF.