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

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

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

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

IMF has a ______ membership of countries.

  1. 199

  2. 189

  3. 220

  4. 76
Reveal answer Fill a bubble to check yourself
B Correct answer
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.

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

IBRD stands for ________.

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

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

IBRD was set up in ______.

  1. 1965

  2. 1949

  3. 1944

  4. 1990
Reveal answer Fill a bubble to check yourself
C Correct answer
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.
Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Which of these is not the function of World Bank?

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

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

Which is not the function of IMF?

  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
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The IMF's primary functions include monitoring exchange rates and providing short-term financial assistance. The settlement of international trade disputes is the primary function of the World Trade Organization (WTO).

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

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

  1. Indian Financial Corporation

  2. International Finance Corporation

  3. International Finance Commission

  4. Investment Finance Corporation
Reveal answer Fill a bubble to check yourself
B Correct answer
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.