Read the statements carefully and identify the new international actors referred to in it.
A. It was created during Second World War. It focuses on developing countries by providing loans and grants to member countries. It exercises enormous influence on the economic policies of developing countries.
B. It sets the rules for global trade. It was set up as a successor to the General Agreement on Trade and Tariffs created after the Second World War. Developing countries often complain of non-transparent procedures and being pushed around by big powers.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → World Bank and WTO
Statement A describes the World Bank, created during the Second World War in 1944, which gives loans and grants and so exercises enormous influence on the economic policies of developing countries; statement B describes the World Trade Organisation (WTO), which sets the rules for global trade and was set up in 1995 as the successor to the GATT.
NCERT (2026-27): Contemporary World Politics — Chapter 4: International Organisations
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