Target Exam

CUET

Subject

Geography

Chapter

Fundamentals of Human Geography: International Trade

Question:

Which of the following organisation is the predecessor of World Trade Organisation?

Options:

GAT

General Agreement for Trade and Tariffs (GATT)

GTTA

General Agreement for Tariffs and Trade (GATT)

Correct Answer:

General Agreement for Tariffs and Trade (GATT)

Explanation:

The correct answer is option 4: General Agreement for Tariffs and Trade (GATT)

NCERT" In 1948, to liberalise the world from high customs tariffs and various other types of restrictions, General Agreement for Tariffs and Trade (GATT) was formed by some countries. In 1994, it was decided by the member. countries to set up a permanent institution for looking after the promotion of free and fair trade amongst nation and the GATT was transformed into the World Trade Organisation from 1st January 1995."