MCQ for economy-12-21st-march-2023

India is a member of which of the following international organizations?

1. Asia-Pacific Economic Cooperation (APEC)

2. Organization for Economic Co-operation and Development (OECD)

3. African Development Bank (AfDB)

4. Eurasian Economic Union (EAEU)

Select the correct answer using the code given below:

Consider the following statements with reference to General Agreement on Trade in Services (GATS):

1. It entered into force in January 1995 as a result of the Uruguay Round negotiations.

2. All service sectors are covered under the purview of the GATS.

3. India is a party to the GATS.

Which of the statements given above is/are correct?

Consider the following statements with reference to the ‘Most Favoured Nation’(MFN) clause of the World Trade Organisation (WTO):

1. It entails preferential treatment for some countries where the granting country enjoys a trade advantage.

2. Obtaining WTO clearance is required to revoke the MFN status.

3. All SAARC nations have extended MFN status to India.

Which of the statements given above is/are not correct?

With reference to the International Labour Organization (ILO), consider the following statements:

1. It is a specialized agency of the United Nations.

2. It is headquartered in Rome, Italy.

3. It releases the World Employment and Social Outlook report.

Which of the statements given above are correct?

With reference to the world economic forum (WEF), consider the following statements:

1. It is an intergovernmental organization focused on implementing banking and economic reforms in the member countries.

2. It is headquartered in Davos, Switzerland.

Which of the statements given above is/are correct?

With reference to the World Food Programme (WFP), consider the following statements:

1. It was founded in 1961 by the Food and Agriculture Organization (FAO) and United Nations General Assembly (UNGA).

2. It is headquartered in Geneva, Switzerland.

3. It is a member of the United Nations Sustainable Development Group (UNSDG).

Which of the statements given above are correct?

Consider the following statements with reference to the Special Drawing Rights (SDRs) of the International Monetary Fund (IMF)?

1. It is an interest-bearing international reserve asset created by the IMF to supplement other reserve assets of member countries.

2. It is considered as a currency and a claim on the IMF.

3. Once allocated, members can hold their SDRs as part of their foreign exchange reserves or sell all of their SDR allocations.

Which of the statements given above are correct?

Which of the following were not set up as a result of the Bretton Woods conference?

1. World Bank

2. General Agreement on Tariffs and Trade

3. World Trade Organisation

Select the correct answer using the code given below.

Which of the following statements is not correct with reference to the International Monetary Fund (IMF) quota?

“Matera declaration” recently seen in news is related to