The correct answer is: A. Promotes International Trade with a view to accelerate economic growth of developing countries.
UNCTAD was established in 1964 as a permanent organ of the United Nations General Assembly. Its main purpose is to promote international trade and development, and to help developing countries integrate into the world economy. UNCTAD does this by providing technical assistance, research, and policy advice to governments and businesses. It also organizes conferences and meetings to discuss trade and development issues.
UNCTAD’s work is important because it helps to promote economic growth and development in developing countries. This is important because it can help to reduce poverty and improve living standards in these countries. UNCTAD’s work also helps to promote trade and investment, which can lead to economic growth and development in both developed and developing countries.
Here is a brief explanation of each option:
- Option A: Promotes International Trade with a view to accelerate economic growth of developing countries. This is the main purpose of UNCTAD.
- Option B: Promotes International Monetary co-operation & expansion of International Trade. This is also a goal of UNCTAD, but it is not its main purpose.
- Option C: Set rules for World Trade. This is not the purpose of UNCTAD. The World Trade Organization (WTO) is responsible for setting rules for world trade.
- Option D: None of the above. This is not the correct answer.