Which of the following organisation prec

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Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following organisation preceded World Trade Organisation (WTO)?

Options:

International Monetary Fund (IMF)

International Bank for Reconstruction and Development (IBRD)

General Agreement on Trade and Tariff (GATT)

World Bank

Correct Answer:

General Agreement on Trade and Tariff (GATT)

Explanation:

The correct answer is option 3: General Agreement on Trade and Tariff (GATT)

The WTO was founded in 1995 as the successor organisation to the General Agreement on Trade and Tariff (GATT).