Banking General Awareness Industry, Trade and International Organisation Question Bank Industry, Trade and International Organisation

  • question_answer
    One of the main aims of General Agreement of Tariffs and Trade (GATT), and now of WTO, is to obtain

    A)  A general agreement on free imports and exports

    B)  A reduction of the burden of import and export duties on small trading nations

    C)  A reduction of tariffs by mutual negotiation and elimination of import quotas

    D)  Improvement in economic condition of Developing countries

    E)  None of the above

    Correct Answer: C


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