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Consider the following statements about UN Trade and Development”:
- It was established in 1945 to promote international trade cooperation.
- It primarily focuses on agricultural development in developing countries.
- Its headquarters is located in Geneva, Switzerland.
How many of the above statements are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements about UN Trade and Development&rdquo...
Explanation:
Statement 1: It was established in 1945 to promote international trade cooperation.
- This statement is correct. The UN Conference on Trade and Employment was established in 1945 to promote international trade cooperation, which later became the UN Conference on Trade and Development (UNCTAD).
Statement 2: It primarily focuses on agricultural development in developing countries.
- This statement is incorrect. While UNCTAD does work on various aspects of development in developing countries, it does not primarily focus on agricultural development.
Statement 3: Its headquarters is located in Geneva, Switzerland.
- This statement is incorrect. The headquarters of UNCTAD is located in Geneva, Switzerland.
Therefore, only the first statement is correct, making the correct answer option 'A' - Only one.
Statement 1: It was established in 1945 to promote international trade cooperation.
- This statement is correct. The UN Conference on Trade and Employment was established in 1945 to promote international trade cooperation, which later became the UN Conference on Trade and Development (UNCTAD).
Statement 2: It primarily focuses on agricultural development in developing countries.
- This statement is incorrect. While UNCTAD does work on various aspects of development in developing countries, it does not primarily focus on agricultural development.
Statement 3: Its headquarters is located in Geneva, Switzerland.
- This statement is incorrect. The headquarters of UNCTAD is located in Geneva, Switzerland.
Therefore, only the first statement is correct, making the correct answer option 'A' - Only one.
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Community Answer
Consider the following statements about UN Trade and Development&rdquo...
- Only statement 3 is correct.
- Context: UNCTAD, the United Nations Conference on Trade and Development, has undergone a significant rebranding as “UN Trade and Development” to mark its 60th anniversary.
- The United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental organization that promotes the interests of developing countries in world trade.
- It was established by the United Nations General Assembly on December 30, 1964 and has its headquarters in Geneva.
- UNCTAD’s work focuses on trade, development, finance, technology, investment, and sustainable development.
- It collects data, conducts research, and analyses policies to help countries frame policies in these areas.
- UNCTAD also outlines recommendations for realigning the global debt architecture with developing countries’ needs.
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Consider the following statements about UN Trade and Development”: It was established in 1945 to promote international trade cooperation. It primarily focuses on agricultural development in developing countries. Its headquarters is located in Geneva, Switzerland.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'A'. Can you explain this answer?
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