International Organizations (External Sector) Part-II

Total Questions: 50

11. Which of the following countries have formed NAMA-11? [Chhattisgarh P.C.S. (Pre) 2020]

Correct Answer: (b) Developing countries
Solution:The NAMA-11 is the group of developing countries with common interest in the NAMA (Non-Agricultural Market Access) trade negotiations of the World Trade Organization (WTO). It is a coalition for seeking flexibilities to limit market opening in industrial goods trade. Its members are Argentina, Bolivarian Republic of Venezuela, Brazil, Egypt, India, Indonesia, Namibia, Philippines, South Africa and Tunisia.

The NAMA negotiations of the WTO are based on the Doha Declaration of 2001 that calls for a reduction in tariffs, particularly on exportable goods of interest to developing countries. NAMA covers manufacturing products, fuel and mining products, fish and fish products and forestry products.

12. Digital Economy Report, 2019 issued first time by whom? [Chhattisgarh P.C.S. (Pre) 2019]

Correct Answer: (d) UNCTAD
Solution:The UN Conference on Trade and Development (UNCTAD) had released its first-ever Digital Economy Report, 2019 in September, 2019. This report maps the flow, data and funds in the worlds digital economy. According to the report, India generated the ninth-highest e-commerce sales globally in 2017. UNCTAD released the second Digital Economy Report in September, 2021.

About UNCTAD

  • Headquartered in Geneva, Switzerland, UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964.
  • It supports developing countries to access the benefits of a globalized economy more fairly and effectively.
  • It provides economic and trade analysis, facilitates consensus-building and offers technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.
  • It is part of the UN Secretariat. It reports to the UN General Assembly and the Economic and Social Council but has its own membership, leadership, and budget. It is also part of the United Nations Development Group.

13. Who among the following is the founder of 'World Economic Forum'? [U.P.P.C.S. (Pre) 2008]

Correct Answer: (a) Klaus Schwab
Solution:The World Economic Forum (WEF) is the international organization for public-private cooperation. It was founded in 1971 by Klaus Schwab, as a not-for-profit foundation and is headquartered in Geneva, Switzerland. The forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. The WEF is mostly known for its annual meeting at the end of January in Davos, Switzerland.

14. Where was the World Economic Forum Meet-2016, organized? [Jharkhand P.C.S. (Pre) 2016]

Correct Answer: (a) Switzerland
Solution:The World Economic Forum (WEF) Annual Meeting 2016 was organized in Davos-Klosters, Switzerland in January. 2016. The 2024 annual meeting of the WEF took place in Davos-Klosters, Switzerland from 15-19 January, 2024 un- der the motto "Rebuilding Trust'.
  • About: WEF is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
  • It is headquartered in Geneva, Switzerland.
  • Foundation: Klaus Schwab, a German professor with a background in mechanical engineering and a Master of Public Administration from Harvard, founded WEF in 1971, originally known as the European Management Forum.
  • He introduced the concept of "stakeholder capitalism."
  • According to Schwab, "It is a form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large."

15. Which of the following were underlined by Indian Prime Minister as the Global challenges at the World Economic Forum's Annual Summit at Davos (Switzerland) on 23rd January, 2018? [U.P.P.C.S. (Mains) 2017]

1. Climate Change

2. Terrorism

3. Protectionism

4. Cold War

Select the correct answer from the codes given below:

Codes:

Correct Answer: (a) 1, 2 and 3 only
Solution:Climate change, Terrorism and Protectionism were under- lined by Indian Prime Minister Narendra Modi as the major Global Challenges at the World Economic Forum's 2018 Annual Summit at Davos (Switzerland).
  • About: WEF is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
  • It is headquartered in Geneva, Switzerland.
  • Foundation: Klaus Schwab, a German professor with a background in mechanical engineering and a Master of Public Administration from Harvard, founded WEF in 1971, originally known as the European Management Forum.
  • He introduced the concept of "stakeholder capitalism."
  • According to Schwab, "It is a form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large."

16. Which of the following is NOT correctly matched as per the World Economic Forum's release of Global Talent Competitive Index, 2020? [U.P.B.E.O. (Pre) 2019]

CountryRank
(a)  Switzerland1
(b) Singapore3
(c)  India72
(d) U.S.A.4
Correct Answer: (d)
Solution:According to the Global Talent Competitive Index, 2020, 2021, 2022 and 2023 (released by INSEAD at World Economic Forum in Davos), the ranks of the given countries are as follows:
Country2020202120222023
Switzerland1111
Singapore3222
India7288101103
U.S.A.2343

17. The Global Competitiveness Report is published by the: [I.A.S. (Pre) 2019]

Correct Answer: (c) World Economic Forum
Solution:The Global Competitiveness Report (GCR) was a yearly report published by the World Economic Forum (WEF) till 2020. This report ranked countries based on the Global Competitiveness Index.
  • About: WEF is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
  • It is headquartered in Geneva, Switzerland.
  • Foundation: Klaus Schwab, a German professor with a background in mechanical engineering and a Master of Public Administration from Harvard, founded WEF in 1971, originally known as the European Management Forum.
  • He introduced the concept of "stakeholder capitalism."
  • According to Schwab, "It is a form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large."

18. Which one of the following publishes the 'Global Competitiveness Index' report? [Uttarakhand P.C.S. (Pre) 2016]

Correct Answer: (b) World Economic Forum
Solution:The Global Competitiveness Report (GCR) was a yearly report published by the World Economic Forum (WEF) till 2020. This report ranked countries based on the Global Competitiveness Index.
  • About: WEF is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
  • It is headquartered in Geneva, Switzerland.
  • Foundation: Klaus Schwab, a German professor with a background in mechanical engineering and a Master of Public Administration from Harvard, founded WEF in 1971, originally known as the European Management Forum.
  • He introduced the concept of "stakeholder capitalism."
  • According to Schwab, "It is a form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large."

19. Which among the following is not a parameter for estimating Global Gender Gap Index of World Economic Forum? [U.P.P.C.S. (Pre) 2017]

Correct Answer: (d) Leisure
Solution:The Global Gender Gap Index is an index designed to measure gender inequalities. This index was first published in 2006 in The Global Gender Gap Report by the World Economic Forum. This index examines four overall parameters or sub- indexes (with fourteen variables) of inequality between men and women in different economies. These parameters are:

(i) Economic participation and opportunity

(ii) Educational attainment

(iii) Political empowerment

(iv) Health and survival

20. Which of the following gives 'Global Gender Gap Index' ranking to the countries of the world? [I.A.S. (Pre) 2017]

Correct Answer: (a) World Economic Forum
Solution:The Global Gender Gap Index is an index designed to measure gender equality. It is prepared by the World Economic Forum (WEF) as part of its annual "The Global Gender Gap Report which was first published in 2006. In the Global Gender Gap Report 2024, India's rank is 129 among 146 countries. India was ranked 127 among 146 countries in 2023 Report.
  • About: WEF is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
  • It is headquartered in Geneva, Switzerland.
  • Foundation: Klaus Schwab, a German professor with a background in mechanical engineering and a Master of Public Administration from Harvard, founded WEF in 1971, originally known as the European Management Forum.
  • He introduced the concept of "stakeholder capitalism."
  • According to Schwab, "It is a form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large."