| Consider the following regarding the objectives of WTO: |
| 1. To improve the standard of living of people in member countries. |
| 2. To ensure full employment and increase in effective demand. |
| 3. To enlarge production and trade of goods and services. Which of these statements is/are correct? |
A) Only 1 and 2
B) Only 2 and 3
C) Only 1 and 3
D) All 1, 2 and 3
Correct Answer: D
Solution :
[d] The WTO has six key objectives: (1) to set and enforce rules for international trade, (2) to provide a forum for negotiating and monitoring further trade liberalization, (3) to resolve trade disputes, (4) to increase the transparency of decision-making processes, (5) to cooperate with other major international economic institutions involved in global economic management, and (6) to help developing countries benefit fully from the global trading system.
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