GENERAL KNOWLEDGE

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GK

INTERNATIONAL ORGANISATIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This organization was created to promote trade and economic growth by lowering taxes and removing limits on some types of trade.
A
North American Free Trade Agreement (NAFTA)
B
North Atlantic Treaty Organization (NATO)
C
United Nations (UN)
D
World Trade Organization (WTO)
Explanation: 

Detailed explanation-1: -In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

Detailed explanation-2: -The IMF has three critical missions: furthering international monetary cooperation, encouraging the expansion of trade and economic growth, and discouraging policies that would harm prosperity.

Detailed explanation-3: -The General Agreement on Tariffs and Trade (GATT) covers international trade in goods. The workings of the GATT agreement are the responsibility of the Council for Trade in Goods (Goods Council) which is made up of representatives from all WTO member countries.

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