Teaching Business Studies International Trade Question Bank MCQ - Trade

  • question_answer
    Consider the following statements in context of WTO
    I. WTO is a permanent body with its over dispute settlement mechanism.
    II. Scope of WTO has been broadened by inclusion of services, intellectual property rights and investment measures.
    III. WTO promote international trade.
    IV. WTO banned the foreign currency.
    V. WTO managed the hybrid system of clean floating, currency block etc.
    Which of the statements given above are correct?

    A)  I and II            

    B)  II and V

    C)         I, II and III                   

    D)  III and IV

    Correct Answer: B


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