SSC
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.
Detailed explanation-2: -To facilitate the expansion and balanced growth of international trade is a function of IMF not WTO.
Detailed explanation-3: -The correct answer is option 3, i.e. Iran. Iran has observer member status at the WTO and Not a member of WTO.
Detailed explanation-4: -The main objective of WTO is-Reduction of tariffs and other barriers to trade.
There is 1 question to complete.