Jagran Josh Logo
  1. Home
  2.  |  
  3. Economy
  4.  |  
  5. Indian Economy
  6.  |  
  7. International Agencies and Trade

International Agencies and Trade

General Knowledge for Competitive Exams

Read: General Knowledge | General Knowledge Lists | Overview of India | Countries of World

Asian Development Bank: Functions and Assistance to India

May 28, 2018
Asian Development Bank (ADB) was established on Dec.19, 1966. The aim of this bank was to accelerate economic and social development in Asia and pacific region. The bank started its functioning on January 1, 1967. Its head quarter is located at Manila, Philippines. Its chairmanship is always given to Japanese and 3 deputy chairmen belong to USA, Europe and Asia.

Trade Related Aspects of Intellectual Property Rights (TRIPS)

May 21, 2018
Trade-Related Aspects of Intellectual Property Rights (TRIPS) is arguably the most important and comprehensive international agreement on intellectual property rights. Member countries of the WTO are automatically bound by the agreement. The Agreement covers most forms of intellectual property including patents, copyright, trademarks, geographical indications, industrial designs, trade secrets, and exclusionary rights over new plant varieties. It came into force on 1 January 1995 and is binding on all members of the World Trade Organization (WTO).

List of Members of ASEAN Organisation

May 18, 2018
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand. Currently there are 10 permanent members of this association. Its headquarter is in Jakarta (Indonesia).

15 Most Important facts about IMF

May 15, 2018
International Monetary Fund (IMF) and IBRD are known as the Bretton Woods twins due to their similar date and place of establishment. In this article we have compiled the most important facts about IMF. These all facts are important for the competitive exams to be held in India.

List of President of the World Bank Group

May 2, 2018
The President of the World Bank Group is the head of World Bank Group. The President is responsible for heading the meetings of the Boards of Directors and for overall management of the World Bank Group. The first President of the World Bank Group was Mr. Eugene Meyer from the USA. He assumed the office in 1946.

List of Managing Directors of International Monetary Fund

Apr 24, 2018
The International Monetary Fund (IMF) is led by a Managing Director, who is head of the staff and serves as Chairman of the Executive Board. Since its inception the Managing Director of IMF has been European and the president of the World Bank has been from the United States. Managing Director of the IMF is selected by the Executive Board consists of 24 member. Till date the IMF has had 11 Managing Directors since it began operations.

What are the names of Indian Credit Rating Agencies and their grades?

Mar 15, 2018
Credit rating agencies evaluate debentures, fixed deposits and other short term credit documents of various companies after studying their financial status, industrial risks and market conditions. There are 4 credit rating agencies working in India namely, CRISIL, ICRA, CARE and DCR India.

Is India in the position to boycott Chinese products?

Jul 14, 2017
According to official figures, in the year 2015-16, India's export to China was $ 7.56 billion and India's imports from China stood at $ 52.26 billion. These data shows that India's trade deficit with China was $ 44.7 billion. Indians need to keep in mind that India sends 8% of its total exports to China, while China sends only 2% of its total exports to India.

List of Top Five Debt Ridden Country of the World

Sep 16, 2016
A country found itself in debt trap when the expenditure of a country exceeds the revenue of that country year by year. After factual analysis we found that Japan is the most debt ridden country in the world followed by the Greece and Lebanon. Japan has debt of 229% of its GDP.

List of international Organisations in the Area of Economics, Social & Politics

Sep 12, 2016
The 20th century has established so many institutions/organisations in the area of economics, social and politics. Some institutions like World Bank, International Monetary Fund is made to deal with monetary issues, United Nations is made to deal with political issues and European Union is made to deal with social and commercial issues.

Group of Countries (G-8 and G-20)

Dec 1, 2015
The Group of Eight (G-8) refers to the group of eight highly industrialized nations—France, Germany, Italy, the United Kingdom, Japan, the United States, Canada, and Russia—that hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism. The G6 was made up of France, Germany, Italy, Japan, the UK and America. It then changed to G7 when Canada joined in 1976 and G8 with Russia in 1998.

South Asian Free Trade Area (SAFTA) & ASEAN

Dec 1, 2015
South Asian Preferential Trade Agreement (SAPTA- 1993) was envisaged primarily as the first step towards the transition to a South Asian Free Trade Area (SAFTA) leading subsequently towards a Customs Union, Common Market and Economic Union. In 1995, the Sixteenth session of the Council of Ministers (New Delhi, 18-19 December 1995) agreed on the need to strive for the realization of SAFTA. At the12th SAARC Summit (Jan. 4-6, 2004) at Islamabad, the Capital City of Pakistan, SAPTA became SAFTA. ASEAN (1967) is a union of South-East Asian Nations.

International Finance Corporation & MIGA

Dec 1, 2015
The World Bank Group (WBG) is a family of five international organizations that are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), The International Finance Corporation (IFC), The Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). IFC was established in July 1956 that provides loans to private industries for developing nations without any government guarantee and also promotes the additional capital investment in these countries. MIGA came into existence on April 1988.

BRICS Nations

Dec 1, 2015
BRICS (Brazil, Russia, India and China, South Africa) was initially formulated in 2001 by economist Jim O'Neill, of Goldman Sachs, in a report on growth prospects for the economies of Brazil, Russia, India and China – which together represented a significant share of the world's production and population. In 2006, the four countries initiated a regular informal diplomatic coordination, with annual meetings of Foreign Ministers at the margins of the General Debate of the UN General Assembly (UNGA).

The European Union (EU)

Dec 1, 2015
The European Union (EU) is a unique economic and political partnership between 28 European countries that together cover much of the continent. It was created in the aftermath of the Second World War. The first steps were to foster economic cooperation: the idea being that countries that trade with one another become economically interdependent and so more likely to avoid conflict. It is based on the rule of law: everything that it does is founded on treaties, voluntarily and democratically agreed by all members.

IBSA (India-Brazil-South Africa Dialogue Forum)

Dec 1, 2015
IBSA was Established in June 2003,as a coordinating mechanism amongst three emerging countries(India, Brazil, South Africa), three multi ethnic and multicultural democracies, which are determined to: contribute to the construction of a new international architecture, bring their voice together on global issues, deepen their ties in various areas. Trade between IBSA partners has increased significantly since the Forum's inception and indications are that the target of US$ 25 billion by 2015 will be readily achieved.

International Bank for Reconstruction and Development

Nov 30, 2015
The International Bank for Reconstruction and Development (IBRD) was created in 1944 to help Europe rebuild after World War II. Today, IBRD provides loans and other assistance primarily to middle income countries. IBRD is the original World Bank institution. It works closely with the rest of the World Bank Group (IBRD, IDA, IFC, MIGA) to help developing countries reduce poverty, promote economic growth, and build prosperity. IBRD is owned by the governments of its 188 member countries.

World Trade Organisation (WTO)

Nov 30, 2015
The World Trade Organisation (WTO) is an international organisation which sets the rules for global trade. This organisation was set up in 1995 as the successor to the General Agreement on Trade and Tariffs (GATT) created after the Second World War. It has 153 members. All decisions are taken unanimously but the major economic powers such as the US, EU and Japan has managed to use the WTO to frame rules of trade to advance their own interests.

International Monetary Fund (IMF)

Nov 30, 2015
The International Monetary Fund (IMF) is the inter-governmental organisation established to stabilize the exchange rate in the international trade. It helps the member countries to improve their Balance of Payment (BOP) condition thorough the adequate liquidity in the international market, promote the growth of global monetary cooperation, secure financial stability, facilitate international trade. It is one of the Bretton woods twins, which came into existence in 1945, is governed by and accountable to the 188 countries that make up its near-global membership.

Foreign Direct Investment in Retail Sector in India

Nov 30, 2015
The Foreign Direct Investment (FDI) means “cross border investment made by a resident in one economy OR in an enterprise in another economy, with the aim of earning profits in the targeted country. Mostly the investment is into production by either buying a company in the targeted country or by expanding operations of an existing business in that country”. These investments can be made for many reasons, i.e. to take advantage of cheaper wage rate, special investment facilities offered by the country or the conducive atmosphere in the country.

12 Next   

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK