GENERAL KNOWLEDGE

Detailed explanation-1: -The General Assembly adopted resolution 3281 (XXIX) containing the “Charter of Economic Rights and Duties of States” on 12 December 1974, by 115 votes to 6, with 10 abstentions.

Detailed explanation-2: -San Francisco Conference (1945)

Detailed explanation-3: -No State may use or encourage the use of economic, political or any other type of measures to coerce another State in order to obtain from it the subordination of the exercise of its sovereign rights.

Detailed explanation-4: -The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy.