Sectional test

External Sector of Economy (Prelims GS) Test 3

• 25 questions
• 20 minutes
• +1 right · −0.25 wrong
• 0 students ranked

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First questions

1. Consider the following statements regarding World Trade Organization (WTO). 1. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. 2. It officially commenced operations on 1 January 1995, under the Marrakesh Agreement. 3. After WTO came into existence, General Agreement on Tariffs and Trade (GATT) ceased to exist. Which of the above statements is/are correct?
2. Consider the following statements regarding International Monetary and Financial Committee (IMFC). 1. The IMFC advises and reports to the IMF Board of Governors on the supervision and management of the international monetary and financial system. 2. The size and the composition of the IMFC mirrors that of the Executive Board of IMF. 3. The IMFC operates by consensus, including on the selection of its chair. Which of the above statements is/are correct?
3. Which one of the following treaties was not covered by the Uruguay Round Negotiations, which established WTO ?