Multiple choice

MFN clause is one of the main pillars on which

  1. WTO is based

  2. IMF is based

  3. IBRD is based

  4. IDA is based

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A Correct answer
Explanation

The Most Favored Nation clause is a core principle of the World Trade Organization, requiring members to extend any trade advantages given to one member to all other members. This prevents trade discrimination and promotes fair competition. The IMF, IBRD, and IDA are financial institutions focused on monetary policy and development, not trade.

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