Tag: world trade organisation

Questions Related to world trade organisation

Though the WTO has various benefits to its member countries, it has often been criticised for trade rules which are still unfavourable towards developing countries.

  1. True

  2. False


Correct Option: A

Bretton Woods conference agreed upon having some arrangement among themselves so as to liberalise the world. The arrangement is known as __________.

  1. Tariff

  2. Customs

  3. International Trade Organization

  4. General Agreement for Tariffs and Trade


Correct Option: D

______ helps fostering growth of developing countries by providing them with special and preferential treatment in trade related matters.

  1. World Bank

  2. WTO

  3. IMF

  4. ITO


Correct Option: B

Which of the followings are called Brettonwoods Twins?

  1. IMF & International Bank for Reconstruction and Development (IBRD)

  2. IMF & World Trade Organisation

  3. IBRD & World Trade Organisation

  4. None of the above


Correct Option: A

Any state or customs territory having full autonomy in the conduct of its trade policies may join the WTO.

  1. True

  2. False


Correct Option: A

All major decisions are made by the membership as a whole, either by ministers who usually meet _____ or by their ambassadors or delegates.

  1. at least twice every two years

  2. each year

  3. at least once every two years

  4. when requied


Correct Option: C

The ________ Round was officially launched at the WTOs Fourth Ministerial Conference in Qatar, in November 2001.

  1. Uruguay

  2. Doha

  3. Geneva

  4. Greece


Correct Option: B

Which of the following institution is associated with Dunkel Proposals?

  1. World Bank

  2. International Monetary Fund

  3. World Trade Organization

  4. United Nations Organization


Correct Option: C