Q. What is the main focus of the WTO's Trade Facilitation Agreement?
A.
Reducing tariffs on goods
B.
Simplifying customs procedures
C.
Promoting environmental standards
D.
Enhancing labor rights
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Solution
The main focus of the WTO's Trade Facilitation Agreement is to simplify and streamline customs procedures to facilitate trade.
Correct Answer:
B
— Simplifying customs procedures
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Q. What is the primary purpose of the World Trade Organization (WTO)?
A.
To promote international peace and security
B.
To regulate international trade
C.
To provide humanitarian aid
D.
To oversee environmental treaties
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Solution
The primary purpose of the WTO is to regulate international trade by providing a framework for negotiating trade agreements and resolving disputes.
Correct Answer:
B
— To regulate international trade
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Q. What year was the United Nations founded?
A.
1945
B.
1950
C.
1960
D.
1975
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Solution
The United Nations was founded in 1945, shortly after the end of World War II.
Correct Answer:
A
— 1945
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Q. Which of the following is a key function of the United Nations (UN)?
A.
To enforce international law
B.
To provide a platform for dialogue among nations
C.
To conduct military operations
D.
To manage global financial systems
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Solution
One of the key functions of the UN is to provide a platform for dialogue among nations to promote peace and cooperation.
Correct Answer:
B
— To provide a platform for dialogue among nations
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Q. Which of the following is a key function of the WTO's Dispute Settlement Body?
A.
To impose sanctions on member countries
B.
To resolve trade disputes between member countries
C.
To conduct trade negotiations
D.
To monitor human rights violations
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Solution
The WTO's Dispute Settlement Body is responsible for resolving trade disputes between member countries.
Correct Answer:
B
— To resolve trade disputes between member countries
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Q. Which of the following is NOT a principle of the WTO?
A.
Most-favored-nation treatment
B.
National treatment
C.
Transparency
D.
Military intervention
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Solution
Military intervention is not a principle of the WTO; the organization focuses on trade regulations and agreements.
Correct Answer:
D
— Military intervention
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Q. Which organization is primarily responsible for coordinating international responses to humanitarian crises?
A.
World Health Organization (WHO)
B.
International Monetary Fund (IMF)
C.
United Nations Office for the Coordination of Humanitarian Affairs (OCHA)
D.
World Bank
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Solution
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) is responsible for coordinating international responses to humanitarian crises.
Correct Answer:
C
— United Nations Office for the Coordination of Humanitarian Affairs (OCHA)
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