WTO and Benefits

Q.

Write a detailed note on features, structure, objectives and functioning of WTO.

Q.

What is the objective of the WTO? What are its benefits?

Q. State the objectives of WTO.

Q.

TRIP is one of the WTO agreements that deal with

(a) Trade in agriculture

(b) Trade in services

(c) Trade related investment measures

(d) None of these

Q. Answer the following questions.

Write features, objectives and functions of WTO.

Q.

Write a detailed note on features, structure, objectives and functioning of WTO.

Q.

What is the full form of UNCTAD?

Q.

Explain how international trade promotes industrialisation?

Q.

At international level, an organisation exist for accelerating the pace of development and trade among the nations.

1. GATT

2. World Bank

3. World Trade Organization

4. ATC

Q.

Write short notes on the following

(i) UNCTAD

(ii) MIGA

(iii) World Bank

(iv) ITPO

(v) IMF

Q. Write a brief note on World Trade Organisation (WTO).

Q.

List the major countries with whom India trades.

Q.

State the objectives of WTO.

Q.

Infrastructure sector is one of the key drivers for the Indian economy.

1. True

2. False

Q.

World Trade Organization promotes international business and international peace.

1. False

2. True

Q.

During the first and second world war, there was no massive destruction of life and property throughout the world.

1. True

2. False

Q.

India plans to reduce the corporate tax rate from 30% to ___ which is a good incentive for doing business in India.

1. 20%

2. 5%

3. 15%

4. 25%

Q. State with reasons whether the following statements are True or False.

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.

Q. What are the aims of World Trade Organization?

Q.

Write short notes on the following

(i) UNCTAD

(ii) MIGA

(iii) World Bank

(iv) ITPO

(v) IMF

Q.

WTO gives less preferential treatment to economic developing countries.

1. True

2. False

Q.

State one reason why was WTO established?

Q. The main objective of ITO was to promote and facilitate international trade among member nations.

1. True
2. False

Q. WTO is the only global international organisation which deals with the rules and regulations of trade between different nations.

1. True
2. False

Q.

If India wants to be a go-to place for foreign investors, it needs to simplify as well as digitalise document processes.

1. True

2. False

Q.

Make in India which is the flagship program, tends to help India foster innovation.

1. True

2. False

Q. State with reasons whether the following statements are True or False.

India is a founder member of the WTO.

Q. WTO operates to liberalise trade and the free flow of goods and services in the international market.

1. False
2. True

Q. Which among the following are important bodies of WTO?
i) Dispute Settlement Body
ii) NAFTA
iii) Trade Policy Review Body
iv) ASEAN
v) Council for Trade in Goods
vi) IBRD
vii) Council for Trade related aspects of Intellectual Property Rights.
viii) GATT
Which of the following are an appropriate combination?

1. i, ii, iii, iv
2. ii, iii, iv, v
3. iv, v, vi, viii
4. i, iii, v, vi

Q. Write features, objective and functions of WTO.