Question
The International Monetary Fund (IM
- F , the World Bank and the International Trade Organization were conceived at the Breton Woods Conference in July 1944 as institutions to strengthen international economic cooperation and to help create a more stable and prosperous global economy. While the IMF and the World Bank came into existence and started functioning in 1946, the International Trade Organization could not be set up. Instead, the General Agreement on Tariffs and Trade (GAT
- O which started functioning on January 1, 1995. The various institutions have been set up to govern international economic relations. While all the institutions work in close coordination with each other……………..
- T was set up in 1947. Through successive rounds of negotiations, the GATT transformed into what has come to be known as the World Trade Organization (WT
In each of the following questions a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent.
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