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Which of the following Statements about OECD is/are True?
I. Most OECD members are high-income economies with a very high Human Development Index (HDI).
II. OECD originated in 1948, as the Organisation for European Economic Co-operation (OEEC).
III. The objectives of the OECD include fostering economic development and cooperation and fighting poverty through the promotion of economic stability.
  • a)
    Only I
  • b)
    Only II
  • c)
    I & II
  • d)
    II & III
  • e)
    all of the above
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
Which of the following Statements about OECD is/are True?I. Most OECD...
  • The objectives of the OECD include fostering economic development and cooperation and fighting poverty through the promotion of economic stability.
  • OECD originated in 1948, as the Organisation for European Economic Co-operation (OEEC).
  • The Organisation for European Economic Co-operation (OEEC) was founded to govern the predominantly US-funded Marshall Plan for post-war reconstruction on the continent.
  • The OEEC was instrumental in helping the European Economic Community (EEC). The EEC has evolved into the European Union (EU) to establish a European Free Trade Area.
  • OEEC was renamed as the OECD in 1961 when the USA and Canada joined to reflect a broader membership.
  • The 36 Member Countries consist of Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States.
  • The European Commission participates in the work of the OECD alongside the EU member states.
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Which of the following Statements about OECD is/are True?I. Most OECD members are high-income economies with a very high Human Development Index (HDI).II. OECD originated in 1948, as the Organisation for European Economic Co-operation (OEEC).III. The objectives of the OECD include fostering economic development and cooperation and fighting poverty through the promotion of economic stability.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer?
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Which of the following Statements about OECD is/are True?I. Most OECD members are high-income economies with a very high Human Development Index (HDI).II. OECD originated in 1948, as the Organisation for European Economic Co-operation (OEEC).III. The objectives of the OECD include fostering economic development and cooperation and fighting poverty through the promotion of economic stability.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of the following Statements about OECD is/are True?I. Most OECD members are high-income economies with a very high Human Development Index (HDI).II. OECD originated in 1948, as the Organisation for European Economic Co-operation (OEEC).III. The objectives of the OECD include fostering economic development and cooperation and fighting poverty through the promotion of economic stability.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following Statements about OECD is/are True?I. Most OECD members are high-income economies with a very high Human Development Index (HDI).II. OECD originated in 1948, as the Organisation for European Economic Co-operation (OEEC).III. The objectives of the OECD include fostering economic development and cooperation and fighting poverty through the promotion of economic stability.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer?.
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