Question

Which of the following refers to trade barrier in the context of WTO?

I. Restrictions on domestic trade

II. Not allowing companies to do foreign trade beyond specific quantity

III. Restrictions on the export and import of goods

IV. Restrictions on the price fixed by companies

• A. (I), (II) and (III)
• B. (I), (II) and (IV)
• C. (III) and (IV)
• D. (I), (II) and (IV)

Answer 1

The correct option is B

(I), (II) and (IV)

World Trade Organisation (WTO) is an organisation whose aim is to liberalise international trade. It is not involved in domestic trade.