Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: International Organisations

Question:

Study the picture given below and answer the following question:

Match List - I with List - II.

List – I

List – II

(A) IMF

(I) Atoms for Peace

(B) WTO

(II) Oversee financial institutions

(C) World Bank

(III) Focus on developing countries

(D) IAEA

(IV) Rules for global trade

Choose the correct answer from the options given below:

Options:

(A)-(III), (B)-(II), (C)-(IV), (D)-(I)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

Correct Answer:

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

Explanation:

The correct answer is option (4) - (A)-(II), (B)-(IV), (C)-(III), (D)-(I)

The correct match is:

List – I

List – II

(A) IMF

(II) Oversee financial institutions

(B) WTO

(IV) Rules for global trade

(C) World Bank

(III) Focus on developing countries

(D) IAEA

(I) Atoms for Peace

Explanation:

The International Monetary Fund oversees those financial institutions and regulations that act at the international level. The IMF has 189 member countries (as on 12 April 2016) but they do not enjoy an equal say.

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.

The World Bank was created during the Second World War in 1944. Its activities are focused on the developing countries. It works for human development (education, health), agriculture and rural development (irrigation, rural services), environment protection (pollution reduction, establishing and enforcing regulation), infrastructure (roads, urban regeneration, electricity) and governance (anti-corruption, development of legal institutions). It provides loans and grants to the member-countries. In this way, it exercises enormous influence on the economic policies of developing countries. It is often criticised for setting the economic agenda of the poorer nations, attaching stringent conditions to its loans and forcing free market reforms.

The International Atomic Energy Agency (IAEA) was established in 1957. It came into being to implement US President Dwight Eisenhower’s “Atoms for Peace” proposal. It seeks to promote the peaceful use of nuclear energy and to prevent its use for military purposes. IAEA teams regularly inspect nuclear facilities all over the world to ensure that civilian reactors are not being used for military purposes.