The organization, within the UN, which was founded in 1948 to encourage free trade between nations by reducing tariffs, subsides, quotas and regulations:

Related Mcqs:

1. What is the organization founded as a cooperative forum between the nations of Scandinavia?

   A. Nordic Council
   B. Organization for Baltic Cooperation
   C. Scandinavian Union
   D. Northern European Treaty Organization

2. What organization promotes free trade between Brazil, Argentina, Uruguay and Paraguay?

   A. SAFTA
   B. APEC
   C. OAS
   D. Mercosur

3. The basic aim of Asia-Pacific Economic Cooperation (APEC) is to promote regional economic integration and free trade. It was founded in:

   A. 1980
   B. 1985
   C. 1989
   D. 1990

4. In 1947 General Agreement on Tariffs and Trade established:

   A. international trade rules
   B. international transportation
   C. international purchasing rules
   D. international finance rules

5. The General Agreement on Tariffs and Trade was replaced by the

   A. World Trade Organization
   B. North American Free Trade Agreement
   C. Multilateral Trade Agreement
   D. General Agreement on Trade and Development

6. At the United Nations a loose coalition of developing nations, designed to promote its members’ collective economic interests and create an enhanced joint negotiating capacity in the United Nations is known as:

   A. Developing countries
   B. G130
   C. G77
   D. Group of 77

7. What international organization is charged with coordinating safety regulations for international ships?

   A. World Ship Safety Union (WSSU)
   B. International Maritime Organization (IMO)
   C. International shipping Union (ISU)
   D. United Nation Committee for Law of the Seas (UNCLoS)

8. In 1948, United Nations drawn up a charter of civil and political rights. By which name this charter is called?

   A. Universal Declaration of Human Rights
   B. Universal Declaration of Basic Rights
   C. International Declaration of Human Rights
   D. None of the above

9. Member countries of North American Free Trade agreement (NAFTA) are:

   A. US, Chile, Mexico
   B. US, Canada, Argentine
   C. US, Canada, Mexico
   D. US, Canada, Chile

10. The Agreement on South Asian Free Trade Area (SAFTA) was reached on January 6, 2004 at the 12th SAARC summit in:

    A. Kathmandu
    B. Delhi
    C. Colombo
    D. Islamabad