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World Trade Organization (WTO)

This quiz is designed to assess your knowledge about the World Trade Organization (WTO), its functions, principles, and significance in international trade.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the primary objective of the World Trade Organization (WTO)?

  1. To promote free trade among member countries
  2. To regulate international financial transactions
  3. To provide humanitarian aid to developing countries
  4. To negotiate peace treaties between conflicting nations
Question 2 Multiple Choice (Single Answer)

Which principle forms the foundation of the WTO's trading system?

  1. Most-favored-nation (MFN) principle
  2. National treatment principle
  3. Reciprocity principle
  4. Comparative advantage principle
Question 3 Multiple Choice (Single Answer)

What is the function of the WTO's Dispute Settlement Mechanism (DSM)?

  1. To resolve trade disputes between member countries
  2. To set tariffs and quotas for international trade
  3. To negotiate trade agreements between member countries
  4. To provide technical assistance to developing countries
Question 4 Multiple Choice (Single Answer)

Which of the following is NOT a function of the WTO?

  1. Promoting free trade
  2. Setting tariffs and quotas
  3. Negotiating trade agreements
  4. Providing technical assistance to developing countries
Question 5 Multiple Choice (Single Answer)

What is the significance of the WTO in international trade?

  1. It promotes economic growth and development
  2. It reduces poverty and inequality
  3. It enhances cooperation and understanding among nations
  4. All of the above
Question 6 Multiple Choice (Single Answer)

When was the WTO established?

  1. 1947
  2. 1995
  3. 2001
  4. 1986
Question 7 Multiple Choice (Single Answer)

How many member countries does the WTO have?

  1. 164
  2. 193
  3. 206
  4. 232
Question 8 Multiple Choice (Single Answer)

What is the highest decision-making body of the WTO?

  1. Ministerial Conference
  2. General Council
  3. Dispute Settlement Body
  4. Trade Policy Review Body
Question 9 Multiple Choice (Single Answer)

Which country is the current Director-General of the WTO?

  1. Ngozi Okonjo-Iweala
  2. Roberto Azevêdo
  3. Pascal Lamy
  4. Mike Moore
Question 10 Multiple Choice (Single Answer)

What is the name of the agreement that established the WTO?

  1. Marrakesh Agreement
  2. Doha Round
  3. Uruguay Round
  4. Tokyo Round
Question 11 Multiple Choice (Single Answer)

Which round of trade negotiations resulted in the establishment of the WTO?

  1. Uruguay Round
  2. Doha Round
  3. Tokyo Round
  4. Kennedy Round
Question 12 Multiple Choice (Single Answer)

What is the name of the most recent round of trade negotiations under the WTO?

  1. Doha Round
  2. Uruguay Round
  3. Tokyo Round
  4. Kennedy Round
Question 13 Multiple Choice (Single Answer)

Which principle of the WTO allows countries to impose tariffs on imports to protect domestic industries?

  1. Most-favored-nation (MFN) principle
  2. National treatment principle
  3. Reciprocity principle
  4. Infant industry argument
Question 14 Multiple Choice (Single Answer)

What is the purpose of the Trade Policy Review Mechanism (TPRM) in the WTO?

  1. To review the trade policies of member countries
  2. To resolve trade disputes between member countries
  3. To negotiate trade agreements between member countries
  4. To provide technical assistance to developing countries
Question 15 Multiple Choice (Single Answer)

Which principle of the WTO requires countries to treat all other member countries equally in terms of trade conditions?

  1. Most-favored-nation (MFN) principle
  2. National treatment principle
  3. Reciprocity principle
  4. Comparative advantage principle
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