Question

Question 1

Which one of the following institutions gives loans and/or grants to countries?

	a.	all of them
	b.	UNCTAD
	c.	World Bank
	d.	WTO

Question 2

Which of the following institutions were established after Bretton Woods?

	a.	WB and OECD
	b.	IMF and WB
	c.	WTO and OECD
	d.	IMF and WTO

Question 3

WTO’s primary purpose is to

	a.	promote exchange stability
	b.	ensure the stability of the international monetary system
	c.	provides interest-free loans
	d.	operate a system of trade rules

Question 4

Which of the following is NOT one of the five organizations of the World Bank?

	a.	The International Development Association
	b.	The International Bank for Reconstruction and Development
	c.	Multilateral Investment Guarantee Agency
	d.	The World Trade Organization

Question 5

Globalization is

	a.	the process of increasing interdependence among countries and their citizens.
	b.	the process of international trade.
	c.	strictly an economic concept.
	d.	the process of increasing independence among countries and their citizens.

Answer 1

Hi,

Hope you are doing well!

Question:

Answer:

1). Answer:

c. World Bank

World is an international financial organization or institution, established in July 1944 to provides loans and grants facilities to the governments of poorer and underdeveloping nations for the purpose of pursuing capital projects. The main objective of the world bank is providing loans for development works to member countries, mainly to under developed countries globally.

2). Answer:

b. IMF and WB.

IMF (International Monetary Fund) and WB (World Bank) are the two international financial institutions that was created by the Bretton Woods Agreement.

3). Answer:

d. Operate a system of trade rules.

WTO (World Trade Organization) is an international institution, established in Jan-1995 to Operate a system of trade rules. Its main function is to ensure that trade flows as smoothly,fairly, predictably and freely between the countries as possible.

4). Answer:

d. World Trade Organization

World is an international financial organization or institution, established in July 1944 to provides loans and grants facilities to the governments of poorer and underdeveloping nations for the purpose of pursuing capital projects. The main objective of the world bank is providing loans for development works to member countries, mainly to under developed countries globally. The five organizations of the World Bank are- IBRD, MIGA,IDA, MIGA and ICSID.

World Trade Organization (WTO) is a seprate and independent global organization, established in Jan-1995 to Operate a system of trade rules. Its main function is to ensure that trade flows as smoothly,fairly, predictably and freely between the countries as possible.

5). Answer:

a. Process of increasing interdependence among countries and their citizens.

Globalization is free flow of capital, goods, services, technology, knowledge, culture, workforce or people across the nations or globally. Its increase the interdependence among countries and their citizens.

Thank You