Multiple Choice Questions

With respect to the World Trade Organization WTO consider the following statements The WTO officiall...........

Economic and social issues(Phase-I/II) International Funding institutions

With respect to the World Trade Organization (WTO), consider the following statements

The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement
Liberia is the latest member nation to join WTO.
The most favoured nation (MFN) rule, and the national treatment policy are part of Reciprocity principle of WTO.
WTO does not allow Tariffs and other forms of Protection.
The WTO ministerial conference is held every year annually.

Select the correct statement.

2, 3 & 4

1 only

3 , 4 & 5

4 only

1 & 5

Only statement 1st is correct.

The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement
Afghanistan is the latest member nation to join WTO.
The most favoured nation (MFN) rule, and the national treatment policy are part of Non-discrimination principle of WTO.
WTO does allow Tariffs and other forms of Protection in certain cases.
The WTO ministerial conference is held every two years.