Discussion
Arrange the following organization in ascending chronological order of their establishment with the help of the codes given below :
(a) General Agreement on Trade and Tariff (GATT)
(b) International Monetary Fund (IMF)
(c) World Trade Organization (WTO)
(d) International Bank of Reconstruction and Development (IBRD)
Codes :
Answer: A
The keyed order is (d), (b), (a), (c): IBRD, IMF, GATT, WTO.
The International Bank for Reconstruction and Development and the International Monetary Fund were both created at the Bretton Woods Conference in July 1944 and came into existence in December 1945. The General Agreement on Tariffs and Trade was signed in 1947 and took effect in 1948. The World Trade Organization replaced it on 1 January 1995.
So the two Bretton Woods institutions come first, then GATT, then the WTO. Every other code puts the WTO or GATT before the Bretton Woods bodies.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development