GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not the objective of the WTO?
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To improve the standard of living of peoples of the member countries
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To enlarge production and trade of goods
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To protect environment
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To improve the Balance of Payment situation of the member countries
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Explanation:
Detailed explanation-1: -Which of the following is not the objective of the WTO? Explanation: WTO is not responsible of the improvement in the Balance of Payment of the member countries while other options given in the question are objectives of the WTO. 8.
Detailed explanation-2: -The main objective of WTO is-Reduction of tariffs and other barriers to trade.
Detailed explanation-3: -The two main functions of the WTO are: (d) The administration of the WTO’s institutional framework and the promotion of economic co-operation amongst its members.
There is 1 question to complete.