Question : What is one of the main roles of the World Trade Organization (WTO) in international trade?
Option 1: Regulating global oil prices
Option 2: Setting international labor standards
Option 3: Facilitating trade negotiations and agreements
Option 4: Providing financial aid to developing countries
Correct Answer: Facilitating trade negotiations and agreements
Solution : Correct Option: 3 Explanation: One of the main roles of the World Trade Organization (WTO) is to facilitate trade negotiations and agreements among its member countries to ensure smooth and predictable international trade.
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 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 : What is a key function of the World Trade Organization (WTO) in international trade?
Option 1: Providing entertainment
Option 2: Monitoring global trade patterns
Option 3: Organizing sports events
Option 4: Manufacturing goods
Question : Which of the following is a function of the International Monetary Fund (IMF) in relation to foreign exchange rates?
Option 1: Regulating global trade agreements
Option 2: Maintaining stable exchange rates
Option 3: Providing loans to developing countries
Option 4: Setting interest rates for member countries
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