Question : How does the World Trade Organization (WTO) promote trade liberalization?
Option 1: By imposing trade sanctions
Option 2: By reducing trade barriers
Option 3: By offering financial incentives
Option 4: By increasing import quotas
Correct Answer: By reducing trade barriers
Solution : Correct Option: 2 Explanation: The World Trade Organization (WTO) promotes trade liberalization by reducing trade barriers, such as tariffs and quotas, to encourage the free flow of goods and services between countries.
Question : How does the World Trade Organization (WTO) contribute to resolving international trade disputes?
Option 1: By imposing sanctions on countries
Option 2: By providing military support
Option 3: By offering financial aid
Option 4: By facilitating negotiations and providing a legal framework
Question : What is a key function of the World Trade Organization (WTO) in relation to developing countries?
Option 1: Providing financial loans
Option 2: Offering technical assistance
Option 3: Imposing trade sanctions
Option 4: Regulating currency exchange rates
Question : Which organization promotes globalization and facilitates international trade?
Option 1: United Nations (UN)
Option 2: World Trade Organization (WTO)
Option 3: International Monetary Fund (IMF)
Option 4: World Bank
Question : Which of the following is not a type of international economic organization?
Option 1: World Trade Organization (WTO)
Option 2: International Monetary Fund (IMF)
Option 3: World Bank
Option 4: Organization of Petroleum Exporting Countries (OPEC)
Question : Which of the following is an example of a new international economic organization?
Option 1: World Health Organization (WHO)
Option 3: World Trade Organization (WTO)
Option 4: BRICS New Development Bank (NDB)
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile