Which of the following two statements regarding World Trade Organization are correct? (a) It is the…
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations (a), and its headquarters is located in…
Choose your answer
Which of the following two statements regarding World Trade Organization are correct?
(a) It is the only international organization dealing with global trade rules between nations
(b) It was established in 1996
(c) Its Headquarters is in Geneva
(d) It employs some 68,000 staff
Answer and explanation
Correct answer B
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations (a), and its headquarters is located in Geneva, Switzerland (c). It was officially established on 1 January 1995 (not 1996) under the Marrakesh Agreement and has a small secretariat of around 600–650 staff rather than 68,000, making (a) and (c) correct.
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UGC NET Political Science