300+ TOP World Trade Organization MCQs and Answers WTO

WTO Multiple Choice Questions :-

1. Which of the following institutions is not part of the World Bank community?
A. IBRD
B. WTO
C. IDA
D. IFC

2. At present how many members are in the WTO?
A. 160
B. 164
C. 207
D. 195

3. Which of the following statements is not correct?
A. Both the IMF & IBRD have headquarters in Washington
B. Both IMF & World Bank are the known as the Bretton Woods twins
C. IBRD is known as World Bank also
D. India’s vote share in the International Monetary Fund is 10%

4 Which of the following is not the objective of the WTO?
A. To improve the standard of living of peoples of the member countries
B. To enlarge production and trade of goods
C. To protect environment
D. To improve the Balance of Payment situation of the member countries

5. India has ratified the WTO trade facilitation agreement becoming the ____ WTO member to accept the TFA
A. 75th
B. 77th
C. 78th
D. 76th

6. Which country becomes the 161st member of the World Trade Organization (WTO) on 26th April 2015?
A. Vanuatu
B. Yemen
C. Samoa
D. Seychelles

7. Which of the following is the main objective behind the establishment of WTO?
A. To settle disputes between nations
B. To widen the principle of free trade to sectors such as services and agriculture
C. To cover more areas than GATT
D. All of them

8. China became a member of world trade Organization in_________?
A. 1945
B. 1960
C. 1990
D. 2001

9. 10th WTO Ministerial Conference was held in which city?
A. Durban
B. Nairobi
C. London
D. None of these

10. What is WAND?
A. Women’s Action for Nuclear Disarmament
B. World Action on Nuclear Disarmament
C. Women Action for National Disagreements
D. Women and Nuclear Disarmament

11. Which two countries, Japan occupied?
A. China and Korea
B. Africa and Netherland
C. Africa and Europe
D. None of these

12. General Agreement on Tariffs and Trade (GATT) went into effect?
A. 1945
B. 1948
C. 1946
D. 1947

13. When was GATT replaced with WTO?
A. 1994
B. 1992
C. 1995
D. 1993

14. WTO comes as the third economic pillar of world-wide dimensions along with the World Bank and ___________?
A. International Monetary Funds (IMF)
B. international Economic Association (IEA)
C. International Funding Organisation (IFO)
D. International Development Bank (IDB)

15. Which of the following is the headquarters of World Trade Organisation (WTO)?
A. Paris
B. New York
C. Geneva
D. None of these

16. How many countries are the current members of WTO?
A. 181
B. 191
C. 161
D. 123

17. Who is the current Director-General of WTO?
A. Chedli Klibi
B. Mahmoud Riad
C. Michael Johnson
D. Pascal Lamy

18. Name the agreement which was signed by the United States. Canada and Mexico towards removing trade barriers?
A. SEATO
B. CENTO
C. NAFTA
D. None of them

19. By the backing of how many founder members was WTO established?
A. 80
B. 82
C. 85
D. 84

20. Which countries shrimp exports to United States were blocked?
A. Indonesia, Malaysia, Thailand, Pakistan
B. Japan, Spain and Russia
C. Europe, Africa, China, Netherland
D. China, America, Britain

21. GATT was originally signed by how many countries including the USA?
A. 22
B. 20
C. 23
D. 25

22. CAT instituted in
A. 1981
B. 1983
C. 1987
D. None of these

23. How many countries have joined WTO?
A. 50
B. 100
C. 150
D. None of these

24. WTO released its 2015 Annual Report on 30th September 2015 according to which global trade will grow by what percentage in 2015?
A. 2.8
B. 2.6
C. 2.7
D. 2.5

25. India is set to pitch for a strong TFA in services at WTO. What does TFA stand for?
A. Trade Facilitation Agreement
B. Trade Formation Agreement
C. Trading Formation Agreement
D. Trading Facilitation Agreement

26. Cabinet has approved India’s stand on what at the WTO?
A. Food security
B. Water security
C. Both of the above
D. None of the above

27. India is set to withdraw MFN status to which country?
A. Pakistan
B. Afghanistan
C. Bangladesh
D. All of them

28. Where is the headquarter of the WTO?
A. New York
B. Washington DC
C. Geneva
D. Austria

29. Which of the following country is not the member of the WTO?
A. Iran
B. Azerbaijan
C. Belarus
D. None of these

30. Which of the following body is not related to the WTO?
A. Dispute Settlement Body
B. Trade Policy Review Body
C. Council of trade in goods
D. Exchange Rate Management Body

31. Which of the following institution is associated with Dunkel Proposals?
A. World Bank
B. International Monetary Fund
C. World Trade Organization
D. None of these

32. Who has been appointed India’s permanent WTO ambassador?
A. JS Deepak
B. TS Deepak
C. BS Deepak
D. None of the above

33. When did World Trade Organisation come into effect?
A. February 5, 1994
B. January 1, 1995
C. March 6, 1996
D. April 8, 1994

34. When did Pakistan join the WTO?
A. January 1, 1995
B. February 1, 1995
C. January 1, 2001
D. Pakistan is not a member

35. Which of the following statement is not true about the WTO?
A. WTO is a permanent organisation
B. Uruguay round gave the birth to the WTO
C. Ministerial Conference is the highest policy making body of the WTO
D. WTO was officially constituted on 1 January 1991

36. Which of the followings are called Brettonwoods Twins?
A. IMF & International Bank for Reconstruction and Development (IBRD)
B. IMF & World Trade Organisation
C. IBRD & World Trade Organisation
D. None of the above

37. The most favoured nation (MFN) clause under the WTO regime is based on the principle of

A. Non-discrimination between nations
B. Discrimination between nations
C. Differential treatment between locals and foreigners
D. Uniform traffic across commodities

38. Which of the following were the aims behind forming the World Trade Organization (WTO)?

1. Promotion of free trade and resource flows across countries
2. Protection of intellectual property rights
3. Balance of trade among member nations
4. Promotion of trade between the former East Bloc countries and the Western world

Select the correct answer using the codes given below :

A. 1, 2, 3, and 4
B. 1, 2, and 4
C. 2 and 3
D. 1 and 4

39. Which of the following statements is not true?

A. The World Trade Organization (WTO) requires member nations to give national treatment to international goods and services.
B. The General Agreement on Tariffs and Trade (GATT) was replaced by the World Trade Organization (WTO) in 1995.
C. The most favoured nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.
D. The WTO has been able to cover in its agreements the direct taxation policies of member nations.

40. TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by:

A. United Nations Conference on Trade and Development (UNCTAD)
B. United Nations Organization (UNO)
C. World Trade Organization (WTO)
D. World Bank (WB)

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