WTO and Its Functions

Q. The WTO plays an important role in the process of globalisation.

Which of the following statements justifies this?

1. Provides financial aids to the countries
2. Formulates rules of international trade
3. Grants loans for infrastructure development to developing countries
4. Aims to remove obstacles to free global trade

Q. India has trade relations with various countries across the world. Sometimes, countries follow policies that discriminate India in terms of trade.
In such cases, which of the following organisations has a decisive role to play by providing India with a solution?

1. International Monetary Fund
2. World Trade Organization
3. World Wide Fund
4. United Nations Educational, Scientific and Cultural Organization

Q. Which of the following organisations is entrusted with the job of setting up rules of international trade ?

1. World Bank
2. International Monetary Fund
3. World Trade Organization
4. World Economic Forum

Q. The WTO aims to remove obstacles to free global trade.

1. False
2. True