World Economy


  1. The International Development Association, a lending agency is administered by the









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    The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington DC. It is administered by the International Bank for Reconstruction and Development (IBRD).

    Correct Option: A

    The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington DC. It is administered by the International Bank for Reconstruction and Development (IBRD).


  1. WTO came into existence at the conclusion of which round of GATT?









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    The World Trade Organization (WTO) is as organization that supervises and liberalizes international trade. It commenced on 1 January 1995 under the Marrakesh Agreement replacing the General Agreement on Tariffs and Trade (GATT).

    Correct Option: D

    The World Trade Organization (WTO) is as organization that supervises and liberalizes international trade. It commenced on 1 January 1995 under the Marrakesh Agreement replacing the General Agreement on Tariffs and Trade (GATT).



  1. World Investment Report is published by which of the following?









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    World Investment Report is published by UNCTAD. It has been published annually since 1991. Each your's report covers the latest trends in foreign direct investment around the World and analysis in depth one selected topic related to foreign direct investment and development.

    Correct Option: D

    World Investment Report is published by UNCTAD. It has been published annually since 1991. Each your's report covers the latest trends in foreign direct investment around the World and analysis in depth one selected topic related to foreign direct investment and development.


  1. Which of the following group of countries has formed the NAMA - 11 of World Trade Organization?









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    The Non-Agricultural Market Access (NAMA) negotiations of the World Trade Organization are based on the Doha Declaration of 2001 that calls for reduction or elimination in tariffs, particularly on exportable goods of interest to developing countries. Developing countries have formed the NAMA-11 of World Trade Organization. Member countries are Argentina, Bolivarian Republic of Venezuela, Brazil, Egypt, India, Indonesia, Namibia, Philippines, South Africa and Tunisia.

    Correct Option: C

    The Non-Agricultural Market Access (NAMA) negotiations of the World Trade Organization are based on the Doha Declaration of 2001 that calls for reduction or elimination in tariffs, particularly on exportable goods of interest to developing countries. Developing countries have formed the NAMA-11 of World Trade Organization. Member countries are Argentina, Bolivarian Republic of Venezuela, Brazil, Egypt, India, Indonesia, Namibia, Philippines, South Africa and Tunisia.



  1. Which of the following agencies is not the rating agency of an economy?









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    Samuel's Investor Group is not the rating agency of an economy. It is Canada based company enganged in financial planning.

    Correct Option: D

    Samuel's Investor Group is not the rating agency of an economy. It is Canada based company enganged in financial planning.