world organisations section 1 MCQ Questions & Answers Detailed Explanation

Answer: (d)

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries.

The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. The term “World Bank” generally refers to just the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), whereas the term World Bank Group or WBG is used to refer to all five institutions collectively

Answer: (d)

The Universal Declaration of Human Rights (UDHR) is a declaration adopted by the United Nations General Assembly on 10 December 1948 at Palais de Chaillot, Paris.

The Declaration consists of 30 articles that have been elaborated in subsequent international treaties, regional human rights instruments, national constitutions and laws.

Answer: (d)

NAFTA: North American Free Trade Agreement

NATO: North Atlantic Treaty Organisation

EEC: European Economic Community

ASEAN: Association of South-East Asian Nations.

NATO is a military alliance.

Answer: (b)

The Shakti Sthal is a huge greyish-red monolithic stone which serves as the memorial of former Indian Prime Minister Indira Gandhi. It literally means the place of power. This memorial lies near the Raj Ghat area in New Delhi.

Answer: (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 the 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.

Answer: (b)

The Universal Declaration of Human Rights (UDHR) is a declaration adopted by the United Nations General Assembly on 10 December, 1948 at Palais de Chaillot, Paris. The Declaration consists of 30 articles.