International Organisations
- The World Trade Organisation (WTO) was earlier known as
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The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round
Correct Option: A
The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round
- The Secretary-General of UNO is appointed by
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Secretaries-General serve for five-year terms that can be renewed indefinitely, although none so far has held office for more than two terms. The United Nations Charter provides for the Secretary-General to be appointed by the General Assembly upon the recommendation of the Security Council. As a result, the selection is subject to the veto of any of the five permanent Members of the Security Council. While the appointment and approval process of the Secretary-General is outlined in the UN Charter, specific guidelines have emerged regarding the term limits and selection process. These include a limit to two five-year terms, regional (continental) rotation of the appointee’s national origin, and the appointee may not be a citizen of any of the Security Council’s five permanent members.
Note: Article 97 of the United Nations Charter determines that the Secretary-General is “appointed by the General Assembly upon the recommendation of the Security Council.” As the recommendation must come from the Security Council, any of the five permanent members of the Council can veto a nomination. António Guterres, is a Portuguese politician and diplomat who is serving as the ninth Secretary-General of the United Nations. Previously, he was the United Nations High Commissioner for Refugees between 2005 and 2015.Correct Option: D
Secretaries-General serve for five-year terms that can be renewed indefinitely, although none so far has held office for more than two terms. The United Nations Charter provides for the Secretary-General to be appointed by the General Assembly upon the recommendation of the Security Council. As a result, the selection is subject to the veto of any of the five permanent Members of the Security Council. While the appointment and approval process of the Secretary-General is outlined in the UN Charter, specific guidelines have emerged regarding the term limits and selection process. These include a limit to two five-year terms, regional (continental) rotation of the appointee’s national origin, and the appointee may not be a citizen of any of the Security Council’s five permanent members.
Note: Article 97 of the United Nations Charter determines that the Secretary-General is “appointed by the General Assembly upon the recommendation of the Security Council.” As the recommendation must come from the Security Council, any of the five permanent members of the Council can veto a nomination. António Guterres, is a Portuguese politician and diplomat who is serving as the ninth Secretary-General of the United Nations. Previously, he was the United Nations High Commissioner for Refugees between 2005 and 2015.
- The Security Council of UN consists of
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At the U.N.’s founding in 1946, the five permanent members of the Security Council were the French Fourth Republic, the Republic of China, the United Kingdom, the United States of America, and the Soviet Union. Under Article 27 of the UN Charter, Security Council decisions on all substantive matters require the affirmative votes of nine members. A negative vote, or veto, also known as the rule of “great power unanimity”, by a permanent member prevents adoption of a proposal.
Correct Option: A
At the U.N.’s founding in 1946, the five permanent members of the Security Council were the French Fourth Republic, the Republic of China, the United Kingdom, the United States of America, and the Soviet Union. Under Article 27 of the UN Charter, Security Council decisions on all substantive matters require the affirmative votes of nine members. A negative vote, or veto, also known as the rule of “great power unanimity”, by a permanent member prevents adoption of a proposal.
- Which institution is known as ‘soft loan window’ of the World Bank?
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The IDA lends to countries with the aim to finance projects that will develop infrastructure and improve education, healthcare, access to clean water and sanitation facilities, and environmental responsibility. It is considered to be the soft lending window of the World Bank, while the IBRD is considered to be the hard lending window. The association offers grants and loans with maturities ranging from 25 to 40 years, grace periods of 5 to 10 years, and interest rates of 2.8% or 1.25% depending on whether the borrower is a blend country and to which degree it is eligible. Regular IDA-eligible borrowers may take advantage of no-interest loans.
Correct Option: B
The IDA lends to countries with the aim to finance projects that will develop infrastructure and improve education, healthcare, access to clean water and sanitation facilities, and environmental responsibility. It is considered to be the soft lending window of the World Bank, while the IBRD is considered to be the hard lending window. The association offers grants and loans with maturities ranging from 25 to 40 years, grace periods of 5 to 10 years, and interest rates of 2.8% or 1.25% depending on whether the borrower is a blend country and to which degree it is eligible. Regular IDA-eligible borrowers may take advantage of no-interest loans.
- The International Court of Justice sits in
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The International Court of Justice (commonly referred to as the World Court or ICJ) is the primary judicial organ of the United Nations. It is based in the Peace Palace in The Hague, the Netherlands. Its main functions are to settle legal disputes submitted to it by states and to provide advisory opinions on legal questions submitted to it by duly authorised international organs, agencies, and the UN General Assembly.
Correct Option: B
The International Court of Justice (commonly referred to as the World Court or ICJ) is the primary judicial organ of the United Nations. It is based in the Peace Palace in The Hague, the Netherlands. Its main functions are to settle legal disputes submitted to it by states and to provide advisory opinions on legal questions submitted to it by duly authorised international organs, agencies, and the UN General Assembly.