Question : The World Trade Organisation (WTO) was earlier known as:
Option 1: GATT
Option 2: UNICEF
Option 3: UNCTAD
Option 4: FAO
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Correct Answer: GATT
Solution : The correct option is - GATT
An intergovernmental body that controls global trade is the World Trade Organization (WTO). After 123 countries agreed to the Marrakesh Agreement on April 15, 1994, the General Agreement on Tariffs and Trade (GATT), which had been in effect since 1948, was replaced by the WTO on January 1st, 1995.
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Question : Which one of the following organisations is not having its headquarters in Geneva?
Option 1: World Trade Organisation
Option 2: World Health Organisation
Option 3: International Labour Organisation
Option 4: International Civil Aviation Organisation
Question : "World Economic Outlook" report is published by which of the following?
Option 1: IMF
Option 2: World Bank
Option 3: RBI
Option 4: UNCTAD
Question : Which of the following was known as an organisation of merchants in the inscriptions of the Pallavas?
Option 1: Nagaram
Option 2: Sangathana
Option 3: Ur
Option 4: Sabha
Question : Formalised system of trading agreements with groups of countries is known as
Option 1: Trading blocks
Option 2: Trade ventures
Option 3: Trade partners
Option 4: Trade organisations
Question : Which of the following is the right expansion of GATT?
Option 1: Government Agreement on Trade and Tax
Option 2: General Agreement on Trade and Tariffs
Option 3: Government Agreement on Trade and Tariffs
Option 4: General Agreement on Trade and Tax
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