Question

Match the following international organisations with their objectives.

• A. Ensure regular supply of oil
• B. Reduce trade barriers
• C. Facilitate international trade

Answer 1

International organisations like International Monetary Fund (IMF), Organization of the Petroleum Exporting Countries (OPEC), and World Trade Organization (WTO) help smoothen the process of trade between nations.

IMF promotes international financial stability and facilitates international trade. OPEC coordinates with the petroleum policies of oil-producing nations and ensures a regular supply of oil at the right price. WTO removes obstacles influencing global trade.