What is the primary goal of the World Trade Organisation (WTO)?

To impose tariffs on imports and exports.

To reduce barriers to international trade.

To provide loans to developing countries.

To regulate global financial markets.

What is the main function of the Dispute Settlement Body (DSB) in the WTO?

To provide technical assistance to member countries.

To settle disputes between member countries regarding WTO rules.

To set tariff rates for all member countries.

What is the significance of the Most-Favoured Nation rule in WTO agreements?

It allows countries to discriminate in favor of specific trading partners.

It requires countries to treat all WTO members equally in trade matters.

It allows countries to charge higher tariffs on certain products.

It requires countries to lower their tariffs for specific trading partners.

What is the main purpose of the International Monetary Fund (IMF)?

To provide low-interest loans for specific development projects in developing countries.

To stabilize the global economy and provide financial assistance to countries facing balance of payments problems.

To promote international trade agreements among member countries.

To provide grants for poverty alleviation programs in developing nations.

What role does the IMF play in monitoring the global economy?

It provides financing for infrastructure projects in member countries.

It conducts research and publishes reports on global economic conditions.

It negotiates trade agreements between member countries.

It supervises global environmental initiatives.

How are voting shares allocated among IMF member countries?

Each member has an equal number of voting shares.

Voting shares are based on the economic size of each member.

The United States has the highest number of voting shares.

Voting shares are determined by the number of loans a member has received.

What is the primary function of the World Bank?

To provide grants for education and healthcare projects in developing countries.

To finance specific development projects in member countries.

To regulate global financial markets.

To facilitate international trade negotiations.

Which organization focuses on providing low-interest loans and grants to combat poverty in developing countries?

International Monetary Fund (IMF)

United Nations Conference on Trade and Development (UNCTAD)

What is the significance of the Most-Favoured Nation (MFN) rule in international trade?

It allows countries to favor specific trading partners over others.

It promotes equal treatment of all trading partners in terms of tariffs and trade regulations.

It encourages countries to impose higher tariffs on imports from certain nations.

It requires countries to give special privileges to their closest neighbors.

What is the main purpose of the United Nations Conference on Trade and Development (UNCTAD)?

To settle disputes related to international trade agreements.

To provide low-interest loans for infrastructure projects in developing countries.

To promote and accelerate economic growth in the developing world.

To monitor global economic conditions and identify financial risks.

International Organisations and Arrangements Free MCQ Practice Test with Solutions

	International Business 33 videos\|27 docs\|9 tests

	International Business 33 videos\|27 docs\|9 tests

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