Question

Identify the correct statements about WTO (World Trade Organisation).
It is the only international organisation dealing with the global rules of trade between nations.
It sets the rules for the global trading system and resolves disputes between its member nations.
It helps the poor countries in promoting their trade activities and gives priority to environmental issues.
It also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights.
Choose the correct answer from the options given below:

• A. (A), (B) and (C) only
• B. (B), (C) and (D) only
• C. (A), (C) and (D) only
• D. (A), (B) and (D) only

Answer 1

Answer: (D)

(A), (B) and (D) only

Answer 2

The WTO sets rules for the global trading system, resolves disputes, and covers trade in services. Environmental issues are not its primary focus.