Question
Which of the following entity has recently been negotiated to replace NAFTA with effect from July 2020?
The correct answer is
USMCA
The United States–Mexico–Canada Agreement (USMCA) replaced NAFTA on 1 July 2020. It is a trade agreement among those three countries.
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Important Questions from International Economic institutions
- Match List – I with List – II and select correct answer from the codes given below :
List – I List – II a. International Monetary Fund i. Lending to private sector b. International Bank for Reconstruction and Development ii. Balance of Payments problems c. International Development Association iii. Soft Loan to poor countries d. International Finance Corporation iv. Socio-economic infrastructure - Match the items of List-I with List-II and denote the code of correct matching.Codes :
List – I List – II a. International Bank for Reconstruction and Development i. 1945 b. International Finance Corporation ii. 1956 c. Asian Development Bank iii. 1966 d. Export-Import Bank of India iv. 1981 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 :
Match the items of List - I with those of List - II; and choose the correct code of combination :
List - I List - II (a) Poverty Reduction and Growtd Facility (PRGF) (i) 1997 (b) Supplemental Reserve Facility (SRF) (ii) 1974 (c) Extended Fund Facility (EFF) (iii) 1999 - Which among the following is not an international economic institution ?
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