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Giving valid reasons, state whether the following statement is true or false. The objective of World Trade Organisation (WTO) is to establish a rule-based regime in world trade. - Economics

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प्रश्न

Giving valid reasons, state whether the following statement is  true or false.

The objective of World Trade Organisation (WTO) is to establish a rule-based regime in world trade.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is True.

Explanation:

  • The World Trade Organisation (WTO) seeks to establish a system of international commerce based on rules that guarantee equitable and consistent trade between countries.
  • It promotes free and fair international trade by establishing rules and agreements that participating nations must abide by. 
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2024-2025 (February) 58/1/3
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