Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
WTO Founded Year
The World Trade Organisation (WTO) was founded in:
- 1948
- 1991
- 1995 — Correct Answer
- 2001
Explanation:
Correct Answer Explanation
The WTO was founded in 1995 as the successor organisation to GATT.
Key Points:
- GATT (General Agreement on Trade and Tariff) was established in 1948 with 23 countries.
- WTO aims to establish a rule-based trading regime.
- Covers trade in goods as well as services.
- Facilitates removal of tariff and non-tariff barriers.
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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.
