Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which of the following organizations is the "Successor" organization to General Agreement on Trade and Tariff i.e., GATT?

Options:

World Health organization

World Trade Organization

United Nation General Assembly

None of the above

Correct Answer:

World Trade Organization

Explanation:

The WTO was founded in 1995 as the successor organization to the General Agreement on Trade and Tariff (GATT). GATT i.e., General Agreement on Trade and Tariff was established in 1948 with 23 countries as the global trade organization to administer all multilateral trade agreements by providing equal opportunities to all countries in the international market for trading purposes.