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Consider the following statements regarding United Nations Conference on Trade and Development:
  1. It is a permanent intergovernmental body established by the United Nations General Assembly.
  2. It publishes World Development Report.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding United Nations Conference ...
According to the Review of Maritime Transport 2023 by the United Nations Conference on Trade and Development, in 2023, greenhouse gas (GHG) emissions from international shipping were 20 per cent higher than last 10 years.
  • It is the UN’s leading institution dealing with trade and development.
  • It is a permanent intergovernmental body established by the United Nations General Assembly in 1964. 
  • It supports developing countries to access the benefits of a globalized economy more fairly and effectively.
  • It provides economic and trade analysis, facilitates consensus-building and offer technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.
  • Headquarter: Geneva, Switzerland.
  • Reports published by the UNCTAD
  • Trade and Development Report
  • World Investment Report
  • The Least Developed Countries Report
  • The World Development Report is published by the World Bank.
Hence only statement 1 is correct.
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Community Answer
Consider the following statements regarding United Nations Conference ...
United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established by the United Nations General Assembly. It was established in 1964 to promote trade, investment, and development in developing countries.

1. UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly.
This statement is correct. UNCTAD was established by the United Nations General Assembly in 1964. It serves as a platform for member countries to discuss and coordinate policies related to trade and development. It has 195 member states and is headquartered in Geneva, Switzerland.

2. UNCTAD publishes World Development Report.
This statement is incorrect. The World Development Report is published by the World Bank, not UNCTAD. The World Development Report is an annual publication that addresses key development challenges and provides policy recommendations for achieving sustainable development goals. It covers a wide range of topics, including poverty reduction, education, health, infrastructure, and governance.

In conclusion, the correct answer is option 'A' - Statement 1 only. UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly, but it does not publish the World Development Report.
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Consider the following statements regarding United Nations Conference on Trade and Development: It is a permanent intergovernmental body established by the United Nations General Assembly. It publishes World Development Report.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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