The important objectives of WTO are : (i) To improve the quality of technology in the member countries.…
According to the Preamble of the Marrakesh Agreement establishing the World Trade Organization (WTO), its core objectives include (ii) raising standards of living, (iii)…
Choose your answer
The important objectives of WTO are :
(i) To improve the quality of technology in the member countries.
(ii) To improve the standard of living of people in the member countries.
(iii) To ensure full employment and broad increase in effective demand.
(iv) To enlarge production and trade of goods.
(v) To increase trade of services
Answer and explanation
Correct answer B
According to the Preamble of the Marrakesh Agreement establishing the World Trade Organization (WTO), its core objectives include (ii) raising standards of living, (iii) ensuring full employment and a large and steadily growing volume of real income and effective demand, and expanding the production of and trade in (iv) goods and (v) services. Thus, '(ii), (iii), (iv) and (v)' is correct.
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UGC NET Commerce