Tag: insights on lpg

Questions Related to insights on lpg

As per Patents Amendment Act, 2002, term of a patent right is limited to ______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 20 years from the date of filing

  2. 16 years from the date of filing

  3. 10 years from the date of filing

  4. 5 years from the date of filing

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Correct Option: A
Explanation:

As per Patents Amendment Act, 2002, term of a patent right is limited to 20 years from the date of filing. Patent is also known as copyright or license. The Patent Amendment Act provided for filing applications for product patent.

IMF has a ______ membership of countries.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 199

  2. 189

  3. 220

  4. 76

Show answer
Correct Option: B
Explanation:

IMF stands for International Monetary Fund. It was established in 1945. Headquarter of IMF  is in Washington DC. It has 189 countries as members as of 2018. It is established to promote financial stability of the member countries.

IBRD stands for ________.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. International Bank for Reconstruction and Development

  2. Industrial Bank for Revival and Development

  3. Investment Bank for Reconstruction and Development

  4. Indian Bank for Reconstruction and Development

Show answer
Correct Option: A
Explanation:

IBRD stands for International Bank For Reconstruction and Development. It is set up in 1944. It is one of the members of the World Bank Group and is headquartered in Washington DC. It  offers loans to middle-income developing countries.

IMF was established in _______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 1946

  2. 1964

  3. 1976

  4. 1945

Show answer
Correct Option: D
Explanation:

IMF stands for International Monetary Fund. It was established in 1945.  Headquater of IMF  is in Washington DC. It's established to promote financial stability of the member countries.

Which of these is not a part of World Bank Group?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. RBI

  2. IDA

  3. MIGA

  4. ICSID

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Correct Option: A

IBRD was set up in ______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 1965

  2. 1949

  3. 1944

  4. 1990

Show answer
Correct Option: C
Explanation:

IBRD stands for International Bank For Reconstruction and Development. It is set up in

  1. It is one of the members of the World Bank Group and is headquartered in Washington DC. It  offers loans to middle-income developing countries.

Which of these is not the function of World Bank?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. To arbitrate on international trade disputes.

  2. To help the member countries in the reconstruction and development of their countries.

  3. To encourage private foreign investment and credit by guaranteeing repayment.

  4. To promote long term balanced growth of international trade.

Show answer
Correct Option: A
Explanation:

Arbitration on international disputes is not a function of World Bank. It is performed by WTO. World bank serves for the economic development of its member countries.

Which is not the function of IMF?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. To provide mechanism for orderly adjustment of exchange rate.

  2. To provide mechanism for international consultation.

  3. To provide forum for settlement of international trade disputes.

  4. To act as a reservoir of the currencies of all the member countries

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Correct Option: C

IFC stands for ______, with regards to World Bank group.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. Indian Financial Corporation

  2. International Finance Corporation

  3. International Finance Commission

  4. Investment Finance Corporation

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Correct Option: B
Explanation:

IFC stands for International Finance Corporation. It is a member of World Bank Group. It provides advisory and investment services to its member countries to uplift the private sector involvement in the global economy.

GATT was set up in _______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 1949

  2. 1947

  3. 1995

  4. 1987

Show answer
Correct Option: B
Explanation:

GATT stands for General Agreements on Tariffs and Trade. It was drafted in 1947 as a provisional agreement to regulate international trade.