International Political Institutions

What is the primary aim of the World Trade Organization (WTO)?

• Regulating world trade

• Establishing trading links

When was the World Trade Organization (WTO) established?

• 1970

• 1995

• 2000

• 2010

What is the purpose of multilateral aid programmes?

• Regulating international trade

• Providing non-repayable grants

• Promoting economic development

What percentage of GNI did major developed nations agree to contribute to official development assistance?

• 0.7%

• 1.5%

• 2.3%

• 3.1%

Which organization has its own aid budget?

• United Nations (UN)

• European Union (EU)

How does the OECD define aid?

• Assistance given to promote economic development and social welfare

• Assistance given to regulate world trade

• Assistance given to establish trading links

What is the grant element of a repayable loan according to the OECD?

• 50% of the loan

• 25% of the loan

• 5% of the loan

What does development finance involve?

• Providing non-repayable grants

• Offering non-monetary assistance

• Providing aid in the form of credit guaranteed by a developed nation