SSC Economics Sample Paper NCERT Sample Paper-6

  • question_answer
    The WTO follows the principle of self-selection'. This means:

    A)  Countries decides to which agreement they want to be party.

    B)  Countries decide the rate of tariff and tariff reduction

    C)  Countries themselves decide whether they want to be in developed or developing categories.

    D)  None of the above

    Correct Answer: C

    Solution :

    [c] There are no WTO definitions of "developed" or "developing" countries. Developing countries in the WTO are designated on the basis of self-selection although this is not necessarily automatically accepted in all WTO bodies.

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