The full form of OECD is:
(1) Organization for Export Co-operation and Development
(2) Organization for Economic Co-operation and Development
(3) Organization for Energy Co-operation and Development
(4) Organization for Europe Co-operation and Development
Answer & explanation
Correct answer: option 2
The correct answer is Option 2 - 2 Organization for Economic Co-operation and Development
The full form of OECD is Organization for Economic Co-operation and Development.
The Organization for Economic Co-operation and Development (OECD) is an intergovernmental organization founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members.