Purpose of ‘United Nations Conference on Trade and Development’ (UNCTAD)
Question
What is the purpose of 'United Nations Conference on Trade and Development' (UNCTAD)?
Options
Option A
Promotes International Trade with a view to accelerate economic growth of developing countries
Option B
Promotes International Monetary co-operation & expansion of International Trade
Option C
Set rules for World Trade
Option D
None of the above
Correct Option
Option A
Explanation
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent intergovernmental body. The purpose of 'United Nations Conference on Trade and Development' (UNCTAD) is to Promotes International Trade with a view to accelerate economic growth of developing countries.
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