Commerce · Class 11 Commerce
Ch 27Facilitators of International Business (WTO/World Bank/IMF/SAARC) — Class 11 Commerce, concept-first.
No country trades, borrows, or lends across borders in a vacuum. International business — the exchange of goods, services, capital, and technology between countries — needs a framework of rules, a source of long-term development money, a lender of last resort for short-term monetary trouble, and, in many parts of the w…
Key concepts
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World Trade Organisation (WTO)
The WTO is the global institution that makes and enforces the rules of international trade. Established on 1 January 1995 as the successor to GATT (1947) and headquartered in Geneva, Switzerland, its objectives are to ra…
Most relevant Q&A
- Expand WTO and state the year in which it was established.Free
- State any three functions of the World Trade Organisation (WTO).Free
- Explain the objectives and functions of the World Trade Organisation (WTO).Free
- The World Trade Organisation (WTO) was established in the year: (A) 1944 (B) 1947 (C) 1995 (D) 2001Free
- The headquarters of the World Trade Organisation (WTO) is located at: (A) Washington, D.C. (B) Geneva (C) Kathmandu (D) New YorkFree
Chapter contents
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International Business Needs Facilitating Institutions
No country trades, borrows, or lends across borders in a vacuum. International business — the exchange of goods, services, capital, and technology between countries — needs a framework of rules, a sou…
World Trade Organisation (WTO)
The World Trade Organisation is the principal international body that makes and administers the rules of trade between nations.
World Bank (World Bank Group)
The World Bank was established in 1944 at the Bretton Woods Conference, at the same gathering that created the International Monetary Fund, and is headquartered in Washington, D.C., in the United Stat…
International Monetary Fund (IMF)
The International Monetary Fund was established, like the World Bank, in 1944 at the Bretton Woods Conference, and it too is headquartered in Washington, D.C.
South Asian Association for Regional Cooperation (SAARC)
The South Asian Association for Regional Cooperation is the principal regional cooperation body for South Asia. It was established in 1985 and is headquartered in Kathmandu, Nepal.
Very Short Answer Questions
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Short Answer Questions
Long Answer Questions
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q1WTO was established in : (a) 1-1-1996 (b) 1-1-1997 (c) 1-1-1995 (d) 1-1-1994Preview
- Q2What do you mean by World Bank ?Preview
- Q3The Headquarters of World Trade Organisation is located at : (a) Geneva (b) New York (c) Brazil (d) LondonPreview
- Q4What is World Trade Organisation (WTO) ?Preview
- Q5WTO was established on (a) 1.1.1996 (b) 1.1.1997 (c) 1.1.1995 (d) 1.1.1994Preview
- Q6What is special drawing rights?Preview
More questions
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- Q1The World Trade Organisation (WTO) was established in the year: (A) 1944 (B) 1947 (C) 1995 (D) 2001Free
- Q2The headquarters of the World Trade Organisation (WTO) is located at: (A) Washington, D.C. (B) Geneva (C) Kathmandu (D) New YorkFree
- Q3The World Bank and the International Monetary Fund (IMF) were both established at the: (A) Geneva Conference (B) Bretton Woods Conference (C…Preview
- Q4The headquarters of the South Asian Association for Regional Cooperation (SAARC) is situated at: (A) New Delhi (B) Dhaka (C) Kathmandu (D) C…Preview
- Q5The total number of member states in SAARC is: (A) 6 (B) 7 (C) 8 (D) 9Preview