Multiple choice

The predecessor of WTO was

  1. IMF

  2. GATT

  3. TRAI

  4. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

GATT (General Agreement on Tariffs and Trade), established in 1947, was the precursor to the WTO which was formed in 1995 to expand and formalize the global trading system with a more comprehensive institutional framework.