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WTO and Its Functions

The WTO aims ...

Question

The WTO aims to remove obstacles to free global trade.

A

False

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B

True

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Solution

The correct option is B True

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Similar questions

Q. World Trade Organisation (WTO) is an organisation whose aim is to liberalise _________.

Which of the following were in the aims behind the setting up of the World Trade Organization (WTO)?

Codes :

All of these
Only 1 and 2
Only 2 and 3
Only 1 and 4

Q. Consider the following statements relating to the World Trade Organisations(WTO):

1

. The WTO deals with the global rules of trade between nations.

2

. The goal of the WTO is to help producers of goods and services, exporters and importers to conduct their business.

3

. The WTO, which is a successor body of the General Agreement on Tariffs and Trade, came into being following the Uruguay Round of Negotiations.

4

. The WTO distances itself in framing of rules on trade in intellectual property rights.
Which of the statements given are correct?

Q. Apart from removing obstacles influencing foreign trade, what does the World Trade Organization do for the member countries?

Q. A. If India has embarked on the liberalization route, she cannot afford to go back.
B. Under these circumstances, being an active supporter of WTO policies will be a good idea.
C. The WTO is a truly global organization aiming at a freer trade.
D. Many member countries have already drafted plans to simplify tariff structures.

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WTO and Its Functions

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