Question

Which of the following statement(s) highlight(s) the role of the World Trade Organization?

• A. It provides financial aids to the countries.
• B. It formulates rules of international trade.
• C. It grants loans for infrastructure development in developing countries.
• D. It ensures that trade flows as smoothly, predictably, and freely as possible.

Answer 1

Answer: (B), (D)

It ensures that trade flows as smoothly, predictably, and freely as possible.

The World Trade Organization (WTO) is the only international organisation that deals with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible. Thus, it formulates the rules of international trade and monitors that these rules are obeyed.