Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
GATT Established Year
GATT was established in which year and with how many countries?
- 1944 with 15 countries
- 1948 with 23 countries — Correct Answer
- 1950 with 30 countries
- 1955 with 50 countries
Explanation:
Correct Answer Explanation
GATT was established in 1948 with 23 countries as the global trade organisation.
Key Points:
- GATT stands for General Agreement on Trade and Tariff.
- Purpose: Administer all multilateral trade agreements.
- Replaced by WTO in 1995.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
