Mock test objective-type questions, prelims MCQ questions with answers on World Trade Organization
Mock test objective-type questions, prelims MCQ questions with answers every day for UPSC IAS exam preparation.
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UPSC, PSCs [Multiple (MCQ Quiz) With Answers.Mock test objective-type questions, prelims MCQ questions with answers every day for UPSC IAS exam preparation.
- What is the main objective of the World Trade Organization (WTO)? A) To promote free trade and remove trade barriers B) To promote fair competition among member countries C) To regulate international trade and resolve trade disputes D) All of the above
Answer: D) All of the above
- When was the World Trade Organization established? A) 1991 B) 1994 C) 1997 D) 2000
Answer: B) 1994
- How many member countries are there in the WTO as of 2021? A) 164 B) 184 C) 194 D) 204
Answer: A) 164
- Which of the following is NOT a principle of the WTO? A) Non-discrimination B) Free trade C) Transparency D) Fair competition
Answer: B) Free trade
- What is the most-favored-nation principle in the WTO? A) All member countries are treated equally and receive the same benefits B) Developed countries receive more benefits than developing countries C) Countries can discriminate against certain trading partners if they have a trade deficit D) Countries can impose tariffs on certain goods if they are deemed to be a threat to domestic industries
Answer: A) All member countries are treated equally and receive the same benefits
- What is the purpose of the WTO’s Dispute Settlement Body? A) To resolve trade disputes among member countries B) To regulate trade in developing countries C) To impose tariffs on countries that violate WTO rules D) To provide technical assistance to member countries
Answer: A) To resolve trade disputes among member countries
- Which of the following is NOT a round of trade negotiations conducted by the WTO? A) Doha Round B) Tokyo Round C) Singapore Round D) Kyoto Round
Answer: D) Kyoto Round
- What is the WTO’s Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement? A) An agreement that aims to protect intellectual property rights in international trade B) An agreement that aims to promote free trade in intellectual property C) An agreement that aims to restrict the use of intellectual property in international trade D) An agreement that aims to promote fair competition in intellectual property
Answer: A) An agreement that aims to protect intellectual property rights in international trade
- What is the purpose of the WTO’s General Agreement on Trade in Services (GATS)? A) To regulate trade in goods among member countries B) To regulate trade in services among member countries C) To promote free trade in agriculture among member countries D) To promote fair competition among member countries
Answer: B) To regulate trade in services among member countries
- What is the purpose of the WTO’s Agreement on Agriculture? A) To promote free trade in agriculture among member countries B) To regulate trade in agriculture among member countries C) To restrict trade in agriculture among member countries D) To provide technical assistance to member countries in the agricultural sector
Answer: B) To regulate trade in agriculture among member countries.
