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International Agencies and Trade

General Knowledge for Competitive Exams

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What are the Objectives and Functions of the World Bank?

Jun 9, 2021
World Bank is an international financial institution that provides loans and grants to low and middle-income countries for various projects. Its most recent aim is to reduce the poverty across the world. 

All about China's Polar Silk Road in the Arctic Ocean: Significance, Prospects and Challenges

Mar 9, 2021
China has taken a step forward with its plans for building a Polar Silk Road in the Arctic Ocean connecting Pacific and Atlantic Oceans. Know all about the route, its significance and prospects below. 

List Of International Organisations India is a Member Country

Jan 28, 2021
Check the list of all the International Organizations India is a part of whether as a founding member or an active member.

List of International Organizations and their Headquarters in the Area of Economics, Social & Politics

Dec 18, 2020
International Organizations is an important examination topic for the candidates preparing for UPSC, SSC, RRB, Bank PO/Clerk or any other government and competitive examinations. In this article, we have provided a list of International Organizations. 

What is Pardon Bribery Scheme? Know the details here

Dec 7, 2020
Know what is Presidential Pardon Bribery Scam in USA that has been in the talks recently, the clemency powers and limitations of the US President and the pardon power of the Indian President here. 

Giant Metrewave Radio Telescope (GMRT): India’s 3rd facility to bag IEEE Milestone status

Dec 3, 2020
Giant Metrewave Radio Telescope (GMRT) has become the third scientific facility from India to receive the Institute of Electrical and Electronics Engineers (IEEE) milestone. Know all the details of GMRT, IEEE, its significance and details here

Is India in the position to boycott Chinese products?

Jun 2, 2020
India’s trade with China was $87.07 billion in 2018-19. In this duration, Indian import from China was US$70.32 in 2018-19 while Indian export to China was just US$ 16.75. It means India’s trade deficit with China was $53.57 billion in 2018-19. India sends 8% of its total exports to China whereas China sends only 2% of its total exports to India.

What is Trade Related Aspects of Intellectual Property Rights (TRIPS)?

May 7, 2020
Trade-Related Aspects of Intellectual Property Rights (TRIPS) covers most forms of intellectual property including copyright, patents, geographical indications, trademarks, industrial designs, trade secrets, and exclusionary rights over new plant varieties. TRIPS came into force on 1 January 1995. 

How does IMF give loan to its Members?

Apr 17, 2020
The International Monetary Fund (IMF) was established in July 1944 in the Conference of 44 countries held in Bretton Woods, New Hampshire, USA. India is the founding member of the IMF. Recently, the IMF has granted US$ 1.4 billion aid to Pakistan to fight COVID-19.

G-20 Summits: List of Summits and Members

Mar 13, 2021
List of G-20 Summits and Members: There are 20 members of the G-20 including India. The last annual meeting of the G20 was held in Japan's city Osaka in June 2019 and the next meeting will take place in Riyadh(Saudi Arabia) between 21–22 November 2020.

Financial Action Task Force (FATF): Meaning and Objectives

Feb 17, 2020
The Financial Action Task Force (FATF) prohibits the cases of terror financing, money laundering and human trafficking throughout the world.

Why are Member countries leaving OPEC?

Oct 30, 2019
Organisation of the Petroleum Exporting Countries (OPEC) was established in September 1960 at the Baghdad conference. There are 14 OPEC member countries accounted for 29.3% of the world's total crude oil production in September 2019. According to OPEC's website, these 14 OPEC members had 80% of the world's total crude oil reserves. Venezuela has 25%  and Saudi Arabia has 22.4% of the total reserves.

G-7 and G-20 Organisations: Functions and Members

Aug 26, 2019
G-7 refers to the group of 7 highly industrialized nations—France, Germany, Italy, the United Kingdom, Japan, the United States and Canada. These countries hold an annual meeting to foster consensus on global issues like economic growth and crisis management, global security, energy, and terrorism.

International Monetary Fund (IMF): Objectives & Obligations

May 13, 2019
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 189 countries that make up its near-global membership.

Balance of Payment (BOP):Definition and Components

Mar 30, 2019
Balance of Payment (BOP) of ac country can be defined as a systematic statement of all economic transactions of a country with the rest of the world during a specific period usually one year. The systematic accounting is done on the basis of double entry book keeping (both sides of transactions credit and debit are included). Economic transaction includes all such transactions that involve the transfer of title or ownership of goods and services, money and assets.

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