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Read the following statement given below and choose the correct alternative
Statement 1- WTO acts as a watchdog of unilateral trade
Statement 2- India is not a member of WTO
Both are correct
Both are incorrect
Statement 1 is correct and statement 2 is incorrect
Statement 1 is incorrect and statement 2 is correct
- Statement 1: WTO (World Trade Organization) does act as a watchdog, but specifically for multilateral trade agreements, not unilateral trade. It ensures that countries play by agreed rules in global commerce.
- Statement 2: India is indeed a member of the WTO. India has been a member since 1 January 1995 (and also before as part of GATT since 1948).
- Option 1: Incorrect, because statement 2 is wrong.
- Option 2: Incorrect, because statement 1 is correct and statement 2 is incorrect.
- Option 3: Correct Answer. Statement 1 is correct, statement 2 is incorrect.
- Option 4: Incorrect, because statement 1 is true.
By: santosh ProfileResourcesReport error
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