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Question

Formalized system of trading agreements with groups of countries is known as

This question was previously asked in
SSC CGL 2010 Tier-I Previous Year Paper (16-May-2010) (Shift 1)
The correct answer is

Trade organisations

A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade (tariffs and non-tariff barriers) are reduced or eliminated among the participating states.

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Similar Questions

  1. Which of the following is NOT a book of original entry?

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Important Questions from International Economic institutions

  1. Match List – I with List – II and select correct answer from the codes given below :
    List – IList – II
    a. International Monetary Fundi. Lending to private sector
    b. International Bank for Reconstruction and Developmentii. Balance of Payments problems
    c. International Development Associationiii. Soft Loan to poor countries
    d. International Finance Corporationiv. Socio-economic infrastructure
  2. Match the items of List-I with List-II and denote the code of correct matching.
    List – IList – II
    a. International Bank for Reconstruction and Developmenti. 1945
    b. International Finance Corporationii. 1956
    c. Asian Development Bankiii. 1966
    d. Export-Import Bank of Indiaiv. 1981
    Codes :
  3. Assertion (A) : International Finance Corporation (IFC) contributes to increase sustainable agriculture opportunities, improve health and education and increase access to financing for micro finance and business client. 

    Reasoning (R) : The IFC has focused on a set of development goals to ensure that its projects are expected to achieve the target. 

    Codes :

  4. Match the items of List - I with those of List - II; and choose the correct code of combination :

    List - IList - II
    (a) Poverty Reduction and Growtd Facility (PRGF)(i) 1997             
    (b) Supplemental Reserve Facility (SRF)(ii) 1974
    (c) Extended Fund Facility (EFF)(iii) 1999
  5. Which among the following is not an international economic institution ?
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