Match the following:
A. W.T.O 1. To provide finance to correct equilibrium in balance of payments.
B. I.M.F 2. Generally to forbid the use of quantitative restrictions in trade.
C. SAARC 3. Sanction of soft loans
D. I.D.A 4. To promotes co-operation among South Asian Countries.
—- A B C D
(a) 1 3 2 4
(b) 2 3 4 1
(c) 2 1 4 3
(d) 3 2 4 1
Option C is right:
A. W.T.O. – 2. Generally to forbid the use of quantitative restrictions in trade.
B. I.M.F . – 1. To provide finance to correct equilibrium in balance of payments.
C. SAARC – 4. To promotes co-operation among South Asian Countries.
D. I.D.A – 3. Sanction of soft loans
W.T.O. – The World Trade Organization
WTO is an intergovernmental organization which regulates international trade. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements, which are signed by representatives of member , WTO’s current Director-General is Roberto Azevêdo
I.M.F. – The International Monetary Fund
(IMF) is an international organization headquartered in Washington, D.C., in the United States, of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
SAARC– The South Asian Association for Regional Cooperation
(SAARC) is an economic and geopolitical organisation of eight countries that are primarily located in South Asia or Indian subcontinent. The SAARC Secretariat is based in Kathmandu, Nepal
I.D.A. – The International Development Association
(IDA) is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries.