Q559
What is the purpose of 'United Nations Conference on Trade and Development' (UNCTAD)?
A.
Promotes International Trade with a view to accelerate economic growth of developing countries
AnswerB.
Promotes International Monetary co-operation & expansion of International Trade
C.
Set rules for World Trade
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
The purpose of 'United Nations Conference on Trade and Development' (UNCTAD) is to promote International Trade with a view to accelerate economic growth of developing countries. The organization's goals are to: "maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis".