Identify the correct statements about WTO (World Trade Organisation).
(A) It is the only international organisation dealing with the global rules of trade between nations.
(B) It sets the rules for the global trading system and resolves disputes between its member nations.
(C) It helps the poor countries in promoting their trade activities and give priority to environmental issues.
(D) It also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A), (B) and (D) only
Statement (C) is incorrect. While the WTO aims to promote trade for all members, including developing countries, it doesn't explicitly prioritize environmental issues over trade interests.