Political Science · International Relations
UGC NET December 2019 Political Science
Which of the following statements regarding the World Trade Organisation are correct? Choose the correct option from below.
- 1. It is the only international organization dealing with the global rules of trade between nations.
- 2. It was established in 1996.
- 3. Its headquarters is in Geneva.
- 4. It employs some 680 staff.
A1 and 2
B1 and 3 ✓ Correct
C3 and 4
D1 and 4
Correct answer: (B) 1 and 3 — The correct statements are 1 and 3.
Explanation
★The correct statements are 1 and 3.
★The WTO is the only international body dealing with the global rules of trade, so 1 is true.
★Its headquarters is in Geneva, Switzerland, so 3 is true.
★Statement 2 is false, since the WTO was established in 1995, not 1996.
★The staff figure in statement 4 is not the point being tested here.
★The WTO grew out of the General Agreement on Tariffs and Trade.
★So the accurate pair is the first and third statements.
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