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

Established in 1948, the Organisation for European Economic Co-operation (OEEC) was primarily tasked with administering the Marshall Plan to aid European economic recovery post-World War II. Its objective was to foster economic collaboration and integration among European nations for their collective resurgence and advancement.

The OEEC was instrumental in advancing trade liberalization and economic cooperation within Europe. Its achievements paved the way for expanded regional cooperation, culminating in the establishment of the Organization for Economic Co-operation and Development (OECD) in 1961.