{"id":135882,"date":"2024-10-07T13:06:57","date_gmt":"2024-10-07T07:36:57","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=daily-quiz&#038;p=135882"},"modified":"2024-10-07T13:06:57","modified_gmt":"2024-10-07T07:36:57","slug":"daily-static-quiz-for-upsc-7th-october-2024","status":"publish","type":"daily-quiz","link":"https:\/\/pwonlyias.com\/stage\/daily-quiz\/daily-static-quiz-for-upsc-7th-october-2024","title":{"rendered":"Daily Static Quiz for UPSC: 7th October 2024"},"content":{"rendered":"        <div class=\"wpAdvQuiz_content\" id=\"wpAdvQuiz_847\">\n                    <div style=\"display: none;\" class=\"wpAdvQuiz_time_limit\">\n            <div class=\"time\">Time limit: <span>0<\/span><\/div>\n            <div class=\"wpAdvQuiz_progress\"><\/div>\n        <\/div>\n                <div class=\"wpAdvQuiz_checkPage\" style=\"display: none;\">\n            <h4 class=\"wpAdvQuiz_header\">Quiz-summary<\/h4>\n\n            <p>\n                <span>0<\/span> of 5 questions completed            <\/p>\n\n            <p>Questions:<\/p>\n\n            <div style=\"margin-bottom: 20px;\" class=\"wpAdvQuiz_box\">\n                <ol>\n                                            <li>1<\/li>\n                                            <li>2<\/li>\n                                            <li>3<\/li>\n                                            <li>4<\/li>\n                                            <li>5<\/li>\n                                    <\/ol>\n                <div style=\"clear: both;\"><\/div>\n            <\/div>\n\n            \n            <input type=\"button\" name=\"endQuizSummary\" value=\"Finish quiz\"\n                   class=\"wpAdvQuiz_button\" \n\t\t\t\t    style=\"width:px !Important; height:px !Important; background-color:  !important\">\n        <\/div>\n                <div class=\"wpAdvQuiz_infopage\" style=\"display: none;\">\n            <h4>Information<\/h4>\n\n            \n            <input type=\"button\" name=\"endInfopage\" value=\"Finish quiz\"\n                   class=\"wpAdvQuiz_button\"\n\t\t\t\t   style=\"width:px !Important; height:px !Important; background-color:  !important\">\n        <\/div>\n                <div class=\"wpAdvQuiz_text\">\n            <p>\n                <p>This quiz is based on <strong>UPSC STATIC SYLLABUS<\/strong> and is posted regularly on the PWOnlyIAS website for UPSC IAS.<\/p>\n<p><strong>To view Solutions, follow these instructions:<\/strong><\/p>\n<ol>\n<li>To Start quiz click on \u2013 \u2018<strong>Start Quiz<\/strong>\u2019<\/li>\n<li>Solve all <strong>Questions<\/strong>.<\/li>\n<li>Click on \u00a0\u2018<strong>Quiz Summary&#8217;<\/strong><\/li>\n<li>Click on \u2018<strong>Finish Quiz<\/strong>\u2019<\/li>\n<li>\u00a0Click on <strong>\u2018View Questions<\/strong>\u2019 button to see the all <strong>Explanations<\/strong>.<\/li>\n<\/ol>\n            <\/p>\n\n            \n            <div>\n                <input class=\"wpAdvQuiz_button\" type=\"button\" value=\"Start quiz\"\n                       name=\"startQuiz\" style=\"width:px !Important; height:px !Important; background-color:  !important\">\n            <\/div>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpAdvQuiz_lock\">\n            <p>\n                You have already completed the quiz before. Hence you can not start it again.            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpAdvQuiz_loadQuiz\">\n            <p>\n                Quiz is loading...            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpAdvQuiz_startOnlyRegisteredUser\">\n            <p>\n                You must sign in or sign up to start the quiz.            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpAdvQuiz_prerequisite\">\n            <p>\n                You have to finish following quiz, to start this quiz:                <span><\/span>\n            <\/p>\n        <\/div>\n                <div style=\"display: none;\" class=\"wpAdvQuiz_results\">\n            <h4 class=\"wpAdvQuiz_header\">Results<\/h4>\n                            <p>\n                    <span class=\"wpAdvQuiz_correct_answer\">0<\/span> of <span>5<\/span> questions answered correctly                <\/p>\n                            <p class=\"wpAdvQuiz_quiz_time\">\n                    Your time: <span><\/span>                <\/p>\n                        <p class=\"wpAdvQuiz_time_limit_expired\" style=\"display: none;\">\n                Time has elapsed            <\/p>\n                            <p class=\"wpAdvQuiz_points\">\n                    You have reached <span>0<\/span> of <span>0<\/span> points, (<span>0<\/span>)                <\/p>\n                                        <div class=\"wpAdvQuiz_resultTable\">\n                    <table>\n                        <tbody>\n                        <tr>\n                            <td class=\"wpAdvQuiz_resultName\">Average score<\/td>\n                            <td class=\"wpAdvQuiz_resultValue\">\n                                <div style=\"background-color: #6CA54C;\">&nbsp;<\/div>\n                                <span>&nbsp;<\/span>\n                            <\/td>\n                        <\/tr>\n                        <tr>\n                            <td class=\"wpAdvQuiz_resultName\">Your score<\/td>\n                            <td class=\"wpAdvQuiz_resultValue\">\n                                <div style=\"background-color: #F79646;\">&nbsp;<\/div>\n                                <span>&nbsp;<\/span>\n                            <\/td>\n                        <\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n            \t\t\n            <div class=\"wpAdvQuiz_catOverview\" >\n                <h4>Categories<\/h4>\n\n                <div style=\"margin-top: 10px;\">\n                    <ol>\n                                                    <li data-category_id=\"0\">\n                                <span class=\"wpAdvQuiz_catName\">Not categorized<\/span>\n                                <span class=\"wpAdvQuiz_catPercent\">0%<\/span>\n                            <\/li>\n                                            <\/ol>\n                <\/div>\n            <\/div>\n\t\t\t\n            <div>\n                <ul class=\"wpAdvQuiz_resultsList\">\n                                            <li style=\"display: none;\">\n                            <div>\n                                                            <\/div>\n                        <\/li>\n                                    <\/ul>\n            <\/div>\n                    <div class=\"wpAdvQuiz_addToplist\" style=\"display: none;\">\n            <span style=\"font-weight: bold;\">Your result has been entered into leaderboard<\/span>\n\n            <div style=\"margin-top: 6px;\">\n                <div class=\"wpAdvQuiz_addToplistMessage\" style=\"display: none;\">Loading<\/div>\n                <div class=\"wpAdvQuiz_addBox\">\n                    <div>\n\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t<label>\n                                Name: <input type=\"text\" placeholder=\"Name\" name=\"wpAdvQuiz_toplistName\" maxlength=\"15\" size=\"16\"\n                                                                            style=\"width: 150px;\">\n                            <\/label>\n\t\t\t\t\t\t\t<label>\n                                E-Mail: <input type=\"email\"\n                                                                              placeholder=\"E-Mail\"\n                                                                              name=\"wpAdvQuiz_toplistEmail\" size=\"20\"\n                                                                              style=\"width: 150px;\">\n                            <\/label>\n\t\t\t\t\t\t<\/span>\n\n                        <div style=\"margin-top: 5px;\">\n                            <label>\n                                Captcha: <input type=\"text\" name=\"wpAdvQuiz_captcha\"\n                                                                               size=\"8\" style=\"width: 50px;\">\n                            <\/label>\n                            <input type=\"hidden\" name=\"wpAdvQuiz_captchaPrefix\" value=\"0\">\n                            <img decoding=\"async\" alt=\"captcha\" src=\"\" class=\"wpAdvQuiz_captchaImg\" style=\"vertical-align: middle;\">\n                        <\/div>\n                    <\/div>\n                    <input class=\"wpAdvQuiz_button2\" type=\"submit\" value=\"Send\"\n                           name=\"wpAdvQuiz_toplistAdd\">\n                <\/div>\n            <\/div>\n        <\/div>\n                    <div style=\"margin: 10px 0px;\">\n                                    <input class=\"wpAdvQuiz_button\" type=\"button\" name=\"restartQuiz\"\n                           value=\"Restart quiz\" \n\t\t\t\t\t\t   style=\"width:px !Important; height:px !Important; background-color:  !important\"\n\t\t\t\t\t\t   \">\n                                    <input class=\"wpAdvQuiz_button\" type=\"button\" name=\"reShowQuestion\"\n                           value=\"View questions\" \n\t\t\t\t\t\t   style=\"width:px !Important; height:px !Important; background-color:  !important\">\n                                                    <input class=\"wpAdvQuiz_button\" type=\"button\" name=\"showToplist\"\n                           value=\"Show leaderboard\"\n\t\t\t\t\t\t   style=\"width:px !Important; height:px !Important; background-color:  !important\">\n                            <\/div>\n        <\/div>\n                <div class=\"wpAdvQuiz_toplistShowInButton\" style=\"display: none;\">\n                    <div style=\"margin-bottom: 30px; margin-top: 10px;\" class=\"wpAdvQuiz_toplist\"\n             data-quiz_id=\"847\">\n                        <table class=\"wpAdvQuiz_toplistTable\">\n                <caption>maximum of 10 points<\/caption>\n                <thead>\n                <tr>\n                    <th style=\"width: 40px;\">Pos.<\/th>\n                    <th style=\"text-align: left !important;\">Name<\/th>\n                    <th style=\"width: 140px;\">Entered on<\/th>\n                    <th style=\"width: 60px;\">Points<\/th>\n                    <th style=\"width: 75px;\">Result<\/th>\n                <\/tr>\n                <\/thead>\n                <tbody>\n                <tr>\n                    <td colspan=\"5\">Table is loading<\/td>\n                <\/tr>\n                <tr style=\"display: none;\">\n                    <td colspan=\"5\">No data available<\/td>\n                <\/tr>\n                <tr style=\"display: none;\">\n                    <td><\/td>\n                    <td style=\"text-align: left !important;\"><\/td>\n                    <td style=\" color: rgb(124, 124, 124); font-size: x-small;\"><\/td>\n                    <td><\/td>\n                    <td><\/td>\n                <\/tr>\n                <\/tbody>\n            <\/table>\n        <\/div>\n\n                <\/div>\n                <div class=\"wpAdvQuiz_reviewDiv\" style=\"display: none;\">\n            <div class=\"wpAdvQuiz_reviewQuestion\">\n                <ol>\n                                            <li>1<\/li>\n                                            <li>2<\/li>\n                                            <li>3<\/li>\n                                            <li>4<\/li>\n                                            <li>5<\/li>\n                                    <\/ol>\n                <div style=\"display: none;\"><\/div>\n            <\/div>\n            <div class=\"wpAdvQuiz_reviewLegend\">\n                <ol>\n                    <li>\n                        <span class=\"wpAdvQuiz_reviewColor\" style=\"background-color: #6CA54C;\"><\/span>\n                        <span class=\"wpAdvQuiz_reviewText\">Answered<\/span>\n                    <\/li>\n                    <li>\n                        <span class=\"wpAdvQuiz_reviewColor\" style=\"background-color: #FFB800;\"><\/span>\n                        <span class=\"wpAdvQuiz_reviewText\">Review<\/span>\n                    <\/li>\n                <\/ol>\n                <div style=\"clear: both;\"><\/div>\n            <\/div>\n            <div>\n                            <\/div>\n        <\/div>\n                <div class=\"wpAdvQuiz_quizAnker\" style=\"display: none;\"><\/div>\n                <div style=\"display: none;\" class=\"wpAdvQuiz_quiz\">\n            <ol class=\"wpAdvQuiz_list\">\n                                    <li class=\"wpAdvQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpAdvQuiz_question_page\" style=display:none; >\n                            Question <span>1<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpAdvQuiz_header\">\n                            <span>1<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">2 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpAdvQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpAdvQuiz_question_text\">\n\t\t\t\t\t\t\t\t                                <p><b>Consider the following dimensions:\u00a0<\/b><\/p>\n<ol>\n<li><span style=\"font-weight: 400\"> Health<\/span><\/li>\n<li><span style=\"font-weight: 400\"> Education<\/span><\/li>\n<li><span style=\"font-weight: 400\"> Living standard<\/span><\/li>\n<li><span style=\"font-weight: 400\"> Financial Inclusion<\/span><\/li>\n<\/ol>\n<p><b>How many of the following are the dimensions considered by the United Nations Development Program for preparing the Multidimensional Poverty Index?<\/b><\/p>\n                            <\/div>\n                                                        <ul class=\"wpAdvQuiz_questionList\" data-question_id=\"5464\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5464\"\n                                                       value=\"1\"> a)  Only one\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5464\"\n                                                       value=\"2\"> b) Only two\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5464\"\n                                                       value=\"3\"> c)  Only three\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5464\"\n                                                       value=\"4\"> d) All four\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpAdvQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_correct\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: C<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><span style=\"font-weight: 400\">The Multidimensional Poverty Index (MPI) is published by the UNDP\u2019s Human Development Report Office and tracks deprivation across three dimensions and 10 indicators: <\/span><b>health <\/b><span style=\"font-weight: 400\">(child mortality, nutrition), <\/span><b>education<\/b><span style=\"font-weight: 400\"> (years of schooling, enrollment), and <\/span><b>living standards <\/b><span style=\"font-weight: 400\">(water, sanitation, electricity, cooking fuel, floor, assets). <\/span><b>Hence, Options 1, 2 and 3 are correct.<\/b><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_incorrect\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: C<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><span style=\"font-weight: 400\">The Multidimensional Poverty Index (MPI) is published by the UNDP\u2019s Human Development Report Office and tracks deprivation across three dimensions and 10 indicators: <\/span><b>health <\/b><span style=\"font-weight: 400\">(child mortality, nutrition), <\/span><b>education<\/b><span style=\"font-weight: 400\"> (years of schooling, enrollment), and <\/span><b>living standards <\/b><span style=\"font-weight: 400\">(water, sanitation, electricity, cooking fuel, floor, assets). <\/span><b>Hence, Options 1, 2 and 3 are correct.<\/b><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \t\t\n                        \t\t\t\t\t\t\n                        <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   width:px !Important; height:px !Important; background-color:  !important\">\n                        \t\t\t\t\t\t<input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\" style=\"float: right; display: none;\n\t\t\t\t\t\t\t\twidth:px !Important; height:px !Important; background-color:  !important\">\n                        <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<input type=\"button\" name=\"clear\" value=\"Clear\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: block;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t                     \n\t\t\t\t\n\t\t\t\t\t\t                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpAdvQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpAdvQuiz_question_page\" style=display:none; >\n                            Question <span>2<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpAdvQuiz_header\">\n                            <span>2<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">2 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpAdvQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpAdvQuiz_question_text\">\n\t\t\t\t\t\t\t\t                                <p><b>Which of the following statements is <\/b><b><i>incorrect<\/i><\/b><b> with respect to the World Trade Organisation?<\/b><\/p>\n                            <\/div>\n                                                        <ul class=\"wpAdvQuiz_questionList\" data-question_id=\"5465\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5465\"\n                                                       value=\"1\"> a)  It is a forum for negotiating trade deals and settling trade disputes between its members.                                             <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5465\"\n                                                       value=\"2\"> b) The WTO agreements cover goods, services as well as intellectual property.\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5465\"\n                                                       value=\"3\"> c) All the member nations of the United Nations are also a member of the World Trade Organisation. \r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5465\"\n                                                       value=\"4\"> d) The Ministerial Conference is the highest decision-making body of the WTO and usually meets every two years\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpAdvQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_correct\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: C<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Option a is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">The WTO has many roles: it operates a global system of trade rules, it acts as a forum for negotiating trade agreements, it settles trade disputes between its members and it supports the needs of developing countries.<\/span><\/p>\n<p><b>Option b is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">The WTO agreements cover goods, services and intellectual property. They spell out the principles of liberalization and the permitted exceptions. They include individual countries\u2019 commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets.\u00a0<\/span><\/p>\n<p><b>Option c is incorrect<\/b><b>: <\/b><span style=\"font-weight: 400\">All UN member nations are not a member of WTO. The WTO&#8217;s membership has expanded to 164 members, representing over 98% of international trade.<\/span><\/p>\n<p><b>Option d is correct<\/b><span style=\"font-weight: 400\">: The Ministerial Conference is the highest decision-making body of the WTO and usually meets every two years. The WTO&#8217;s first Ministerial Conference was held in Singapore in December 1996.<\/span><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_incorrect\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: C<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Option a is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">The WTO has many roles: it operates a global system of trade rules, it acts as a forum for negotiating trade agreements, it settles trade disputes between its members and it supports the needs of developing countries.<\/span><\/p>\n<p><b>Option b is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">The WTO agreements cover goods, services and intellectual property. They spell out the principles of liberalization and the permitted exceptions. They include individual countries\u2019 commitments to lower customs tariffs and other trade barriers, and to open and keep open services markets.\u00a0<\/span><\/p>\n<p><b>Option c is incorrect<\/b><b>: <\/b><span style=\"font-weight: 400\">All UN member nations are not a member of WTO. The WTO&#8217;s membership has expanded to 164 members, representing over 98% of international trade.<\/span><\/p>\n<p><b>Option d is correct<\/b><span style=\"font-weight: 400\">: The Ministerial Conference is the highest decision-making body of the WTO and usually meets every two years. The WTO&#8217;s first Ministerial Conference was held in Singapore in December 1996.<\/span><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \t\t\n                        \t\t\t\t\t\t\n                        <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   width:px !Important; height:px !Important; background-color:  !important\">\n                        \t\t\t\t\t\t<input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\" style=\"float: right; display: none;\n\t\t\t\t\t\t\t\twidth:px !Important; height:px !Important; background-color:  !important\">\n                        <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<input type=\"button\" name=\"clear\" value=\"Clear\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: block;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t                     \n\t\t\t\t\n\t\t\t\t\t\t                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpAdvQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpAdvQuiz_question_page\" style=display:none; >\n                            Question <span>3<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpAdvQuiz_header\">\n                            <span>3<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">2 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpAdvQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpAdvQuiz_question_text\">\n\t\t\t\t\t\t\t\t                                <p><b>Which one of the following statements is <\/b><b><i>incorrect <\/i><\/b><b>with respect to the World Bank?<\/b><\/p>\n                            <\/div>\n                                                        <ul class=\"wpAdvQuiz_questionList\" data-question_id=\"5466\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5466\"\n                                                       value=\"1\"> a) It lends money to the governments of its poorer members to improve their economies.                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5466\"\n                                                       value=\"2\"> b) It advises countries in areas like health, education, nutrition, finance, justice, law and the environment.\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5466\"\n                                                       value=\"3\"> c) The World Bank was established in 1944 to rebuild Europe and Japan after World War II.\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5466\"\n                                                       value=\"4\"> d) The shareholding in the bank is based on the political clout of the country in the world.\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpAdvQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_correct\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: D<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Option a is correct<\/b><b>:<\/b><span style=\"font-weight: 400\"> The World Bank is an international development organization owned by 187 countries. Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people.<\/span><\/p>\n<p><b>Option b is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">The Bank is also one of the world&#8217;s largest research centers in development. It has specialized departments that use this knowledge to advise countries in areas like health, education, nutrition, finance, justice, law and the environment.<\/span><\/p>\n<p><b>Option c is correct<\/b><b>:<\/b><span style=\"font-weight: 400\"> The World Bank was established in 1944 to help rebuild Europe and Japan after World War II. Its official name was the International Bank for Reconstruction and Development (IBRD). When it first began operations in 1946, it had 38 members.<\/span><\/p>\n<p><b>Option d is incorrect<\/b><span style=\"font-weight: 400\">: The number of shares a country has is based roughly on the size of its economy. The Bank members are its shareholders. The United States is the largest single shareholder, followed by Japan, Germany, the United Kingdom, and France.<\/span><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_incorrect\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: D<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Option a is correct<\/b><b>:<\/b><span style=\"font-weight: 400\"> The World Bank is an international development organization owned by 187 countries. Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people.<\/span><\/p>\n<p><b>Option b is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">The Bank is also one of the world&#8217;s largest research centers in development. It has specialized departments that use this knowledge to advise countries in areas like health, education, nutrition, finance, justice, law and the environment.<\/span><\/p>\n<p><b>Option c is correct<\/b><b>:<\/b><span style=\"font-weight: 400\"> The World Bank was established in 1944 to help rebuild Europe and Japan after World War II. Its official name was the International Bank for Reconstruction and Development (IBRD). When it first began operations in 1946, it had 38 members.<\/span><\/p>\n<p><b>Option d is incorrect<\/b><span style=\"font-weight: 400\">: The number of shares a country has is based roughly on the size of its economy. The Bank members are its shareholders. The United States is the largest single shareholder, followed by Japan, Germany, the United Kingdom, and France.<\/span><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \t\t\n                        \t\t\t\t\t\t\n                        <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   width:px !Important; height:px !Important; background-color:  !important\">\n                        \t\t\t\t\t\t<input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\" style=\"float: right; display: none;\n\t\t\t\t\t\t\t\twidth:px !Important; height:px !Important; background-color:  !important\">\n                        <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<input type=\"button\" name=\"clear\" value=\"Clear\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: block;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t                     \n\t\t\t\t\n\t\t\t\t\t\t                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpAdvQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpAdvQuiz_question_page\" style=display:none; >\n                            Question <span>4<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpAdvQuiz_header\">\n                            <span>4<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">2 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpAdvQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpAdvQuiz_question_text\">\n\t\t\t\t\t\t\t\t                                <p><b>Consider the following statements with respect to the Asian Development Bank:<\/b><\/p>\n<ol>\n<li><span style=\"font-weight: 400\"> Its membership is restricted to the countries belonging to the Asia and Pacific region.<\/span><\/li>\n<li><span style=\"font-weight: 400\"> It assists its members by providing loans, technical assistance, grants, and equity investments to promote social and economic development.<\/span><\/li>\n<li><span style=\"font-weight: 400\"> The Board of Governors is the highest policy-making body, which comprises one representative from each member nation.<\/span><\/li>\n<\/ol>\n<p><b>How many of the statements given above is\/are correct?<\/b><\/p>\n                            <\/div>\n                                                        <ul class=\"wpAdvQuiz_questionList\" data-question_id=\"5467\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5467\"\n                                                       value=\"1\"> a) Only one\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5467\"\n                                                       value=\"2\"> b) Only two\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5467\"\n                                                       value=\"3\"> c) All three\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5467\"\n                                                       value=\"4\"> d) None\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpAdvQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_correct\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: B<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Statement 1 is incorrect<\/b><b>: <\/b><span style=\"font-weight: 400\">From 31 members at its establishment in 1966, ADB has grown to encompass 68 members\u2014of which 49 are from within Asia and the Pacific and 19 countries from outside the region.<\/span><\/p>\n<p><b>Statement 2 is correct<\/b><b>:<\/b><span style=\"font-weight: 400\"> ADB assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.<\/span><\/p>\n<p><b>Statement 3 is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">ADB&#8217;s highest policy-making body is the Board of Governors, which comprises one representative from each member \u2013 49 from the Asia and Pacific region and 19 from outside the region.<\/span><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_incorrect\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: B<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Statement 1 is incorrect<\/b><b>: <\/b><span style=\"font-weight: 400\">From 31 members at its establishment in 1966, ADB has grown to encompass 68 members\u2014of which 49 are from within Asia and the Pacific and 19 countries from outside the region.<\/span><\/p>\n<p><b>Statement 2 is correct<\/b><b>:<\/b><span style=\"font-weight: 400\"> ADB assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.<\/span><\/p>\n<p><b>Statement 3 is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">ADB&#8217;s highest policy-making body is the Board of Governors, which comprises one representative from each member \u2013 49 from the Asia and Pacific region and 19 from outside the region.<\/span><\/p>\n                                <\/div>\n                            <\/div>\n                        \n                        \t\t\n                        \t\t\t\t\t\t\n                        <input type=\"button\" name=\"back\" value=\"Back\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: left !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   width:px !Important; height:px !Important; background-color:  !important\">\n                        \t\t\t\t\t\t<input type=\"button\" name=\"next\" value=\"Next\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\" style=\"float: right; display: none;\n\t\t\t\t\t\t\t\twidth:px !Important; height:px !Important; background-color:  !important\">\n                        <input type=\"button\" name=\"check\" value=\"Check\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: none;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<input type=\"button\" name=\"clear\" value=\"Clear\"\n                               class=\"wpAdvQuiz_button wpAdvQuiz_QuestionButton\"\n                               style=\"float: right !important; margin-right: 10px !important; display: block;\n\t\t\t\t\t\t\t   \twidth:px !Important; height:px !Important; background-color:  !important\">\n\t\t\t\t\t\t                     \n\t\t\t\t\n\t\t\t\t\t\t                        <div style=\"clear: both;\"><\/div>\n\n                                                    <div style=\"margin-bottom: 20px;\"><\/div>\n                        \n                    <\/li>\n\n                                    <li class=\"wpAdvQuiz_listItem\" style=\"display: none;\">\n                        <div\n                            class=\"wpAdvQuiz_question_page\" style=display:none; >\n                            Question <span>5<\/span> of <span>5<\/span>                        <\/div>\n                        <h5 style=\"display: inline-block;\"\n                            class=\"wpAdvQuiz_header\">\n                            <span>5<\/span>. Question                        <\/h5>\n\n                                                    <span style=\"font-weight: bold; float: right;\">2 points<\/span>\n                            <div style=\"clear: both;\"><\/div>\n                        \n                                                <div class=\"wpAdvQuiz_question\" style=\"margin: 10px 0 0 0;\">\n                            <div class=\"wpAdvQuiz_question_text\">\n\t\t\t\t\t\t\t\t                                <p><b>Consider the following statements with respect to the International Monetary Fund (IMF):<\/b><\/p>\n<ol>\n<li><span style=\"font-weight: 400\"> The decisions of the IMF are taken by the board of governors, who are appointed by P-5 members of the UNSC.<\/span><\/li>\n<li><span style=\"font-weight: 400\"> The member&#8217;s quota contributions are the primary source of funds for the IMF.<\/span><\/li>\n<li><span style=\"font-weight: 400\"> The Special Drawing Rights is a global currency issued by the IMF for promoting trade and preventing balance of payment crises.<\/span><\/li>\n<\/ol>\n<p><b>Which of the statements given above is\/are <\/b><b><i>incorrect<\/i><\/b><b>?<\/b><\/p>\n                            <\/div>\n                                                        <ul class=\"wpAdvQuiz_questionList\" data-question_id=\"5468\"\n                                data-type=\"single\">\n                                \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"0\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5468\"\n                                                       value=\"1\"> a)  1 only\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"1\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5468\"\n                                                       value=\"2\"> b) 1 and 3 only\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"2\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5468\"\n                                                       value=\"3\"> c) 2 and 3 only\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                    \n                                    <li class=\"wpAdvQuiz_questionListItem\" data-pos=\"3\">\n\n                                                                                                                                <span style=\"display:none;\"><\/span>\n                                            <label>\n                                                <input class=\"wpAdvQuiz_questionInput\"\n                                                       type=\"radio\"\n                                                       name=\"question_847_5468\"\n                                                       value=\"4\"> d)  1 ,2 and 3\r\n                                            <\/label>\n\n                                                                            <\/li>\n                                                                <\/ul>\n                        <\/div>\n                                                    <div class=\"wpAdvQuiz_response\" style=\"display: none;\">\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_correct\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tCorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: B<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Statement 1 is incorrect<\/b><b>: <\/b><span style=\"font-weight: 400\">The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank.\u00a0<\/span><\/p>\n<p><b>Statement 2 is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">Member quotas are the primary source of IMF funding. A member country\u2019s quota reflects its size and position in the world economy.<\/span><\/p>\n<p><b>Statement 3 is incorrect<\/b><b>:<\/b><span style=\"font-weight: 400\"> The SDR is an international reserve asset. The SDR is not a currency, but its value is based on a basket of five currencies\u2014the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.<\/span><\/p>                                <\/div>\n                                <div style=\"display: none;\" class=\"wpAdvQuiz_incorrect\">\n                                                                            <span class=\"wpAdvQuiz_respone_span\">\n\t\t\t\t\t\t\t\t\tIncorrect\t\t\t\t\t\t\t\t<\/span><br>\n                                    <p><b>Ans: B<\/b><\/p>\n<p><b>Exp:<\/b><\/p>\n<p><b>Statement 1 is incorrect<\/b><b>: <\/b><span style=\"font-weight: 400\">The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank.\u00a0<\/span><\/p>\n<p><b>Statement 2 is correct<\/b><b>: <\/b><span style=\"font-weight: 400\">Member quotas are the primary source of IMF funding. A member country\u2019s quota reflects its size and position in the world economy.<\/span><\/p>\n<p><b>Statement 3 is incorrect<\/b><b>:<\/b><span style=\"font-weight: 400\"> The SDR is an international reserve asset. 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