Arrange the following in the order of their inception : (i) WTO (ii) World Bank (iii) SAFTA (iv) ADB
Arranged chronologically by year of inception: the World Bank (IBRD) (ii) was founded in 1944, the Asian Development Bank (ADB) (iv) in 1966, the World Trade Organization…
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Arrange the following in the order of their inception :
(i) WTO
(ii) World Bank
(iii) SAFTA
(iv) ADB
Answer and explanation
Correct answer A
Arranged chronologically by year of inception: the World Bank (IBRD) (ii) was founded in 1944, the Asian Development Bank (ADB) (iv) in 1966, the World Trade Organization (WTO) (i) in 1995, and the South Asian Free Trade Area (SAFTA) agreement (iii) was signed in 2004 (effective 2006), giving -(ii), (b)-(iv), (c)-(i), (d)-(iii).
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UGC NET Commerce