Question

Organisation for European Economic Co-operation was established in _________

• A. 1945
• B. 1946
• C. 1947
• D. 1948

Answer 1

The Correct Option is D

The Organisation for European Economic Co-operation (OEEC) was established in 1948. The primary purpose of the OEEC was to help administer the Marshall Plan, which facilitated the recovery of European economies after World War II. The idea was to promote economic cooperation and integration among European countries to ensure collective economic recovery and development. 

Initially, this organization played a crucial role in promoting trade liberalization and economic cooperation in Europe. Its success laid down the groundwork for further regional cooperation, leading to the formation of the Organization for Economic Co-operation and Development (OECD) in 1961.

Answer 2

The Organisation for European Economic Co-operation (OEEC) was established in 1948 to help administer the Marshall Plan for the reconstruction of Europe after World War II. The OEEC aimed at fostering cooperation among European countries and promoting economic recovery. It later evolved into the Organisation for Economic Co-operation and Development (OECD), which continues to focus on global economic development and cooperation.