Multiple choice

Arrange the option having the right chronological order. (i) Formation of WTO (ii) Uruguay Round of GATT (iii) Formation of GATT (iv) Formation of UNCTAD

  1. (i) (iii) (ii) (iv)

  2. (iv) (iii) (ii) (i)

  3. (iii) (iv) (ii) (i)

  4. (ii) (iv) (i) (iii)
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C Correct answer
Explanation

The correct chronological order is: GATT formation (1947) → UNCTAD formation (1964) → Uruguay Round of GATT (1986-1994) → WTO formation (1995). GATT was established post-WWII to liberalize trade. UNCTAD was created in the 1960s to address developing country concerns. The Uruguay Round negotiations led to the WTO's creation, which replaced GATT in 1995.

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