Q5. Which of the following statements is/are incorrect about WTO?

1. It was a part of Bretton Woods Institution

2. It is an independent agency of United Nations Organisation.

3. The Dispute Settlement Body of WTO reviews the trade policies of member nations

Select the correct code:

(a) Only 1

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(b) Only 1 and 2

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(d) All of the above

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Solution

The correct option is D
(d) All of the above

Dispute Settlement Body considers the complaints of member nations against violation of rules by any member country.

Trade policies are reviewed by Trade Policy Review Body.

WTO is neither a part of Bretton Woods Institution nor UNO.

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Q5. Which of the following statements is/are incorrect about WTO? 1. It was a part of Bretton Woods Institution 2. It is an independent agency of United Nations Organisation. 3. The Dispute Settlement Body of WTO reviews the trade policies of member nations Select the correct code:

The correct option is D (d) All of the above Dispute Settlement Body considers the complaints of member nations against violation of rules by any member country. Trade policies are reviewed by Trade Policy Review Body. WTO is neither a part of Bretton Woods Institution nor UNO.

Q5. Which of the following statements is/are incorrect about WTO?

1. It was a part of Bretton Woods Institution

2. It is an independent agency of United Nations Organisation.

3. The Dispute Settlement Body of WTO reviews the trade policies of member nations

Select the correct code:

The correct option is D
(d) All of the above

Dispute Settlement Body considers the complaints of member nations against violation of rules by any member country.

Trade policies are reviewed by Trade Policy Review Body.

WTO is neither a part of Bretton Woods Institution nor UNO.