Current Affairs Question - 22 February 2019
International Intergovernmental Organizations, International Institutions, Agencies & Fora
Most Favored Nation Status (MFN)
The concept of MFN is common to which of the following agreements?
- Nagoya Protocol
- GATT
- GATS
- TRIPS.
Choose the correct answer from the code given below:
| A |
1 and 2 only
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| B |
, 2, 3 only
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| C |
1, 2, 3 and 4
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| D |
2, 3, 4 only
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International Intergovernmental Organizations, International Institutions, Agencies & Fora
Most Favored Nation Status (MFN)
MFN status is related to which of the following organization?
| A |
World Bank
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| B |
IMF
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| C |
WTO
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| D |
ASEAN
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International International Trade
Beggar-thy-Neighbour
What does the term ‘Beggar-thy-Neighbour’ mean?
| A |
Line of credit given to under-developed economies
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| B |
Soft loan given to developing economies by financial institutions
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| C |
‘Debt trap’ mechanism practised by the loan giving country which finally intends to capture the important installations of that country
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| D |
Steps taken in such a manner that hurts your neighbouring countries economically
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