1. Promotes International Trade with a view to accelerate economic growth of developing countries
  2. Promotes International Monetary co-operation & expansion of International Trade
  3. Set rules for World Trade
  4. None of the above
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Answer: Option 1

The purpose of 'United Nations Conference on Trade and Development' (UNCTAD) is to promote International Trade with a view to accelerate economic growth of developing countries. The organization's goals are to: "maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis".

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