Q. With reference to World Economic Forum (WEF) consider the following statements:
1.WEF is an intergovernmental organization that regulates and facilitates international trade.
2.It was formerly known as the European Management Forum.
3.The WEF is only funded by the government of developed nations.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 3 only

[C] 2 and 3 only

[D] 2 only

Answer: D
Notes:

Explanation –

Statement 1 and 3 are incorrect. WEF is an international organization with no commercial interest and provides a platform for leaders from around the world – business, government, and civil society to come together. WEF is mostly funded by its 1,000 member companies typically global enterprises.

Statement 2 is correct. WEF was formerly known as the European Management Forum.

Source: The Indian Express