Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

According to you, which of the following is the correct full form of GATT?

Options:

General agreement on Trade and Tariff 

Guiding agreement on Tax and Tariff 

Gimmick agreement on Tax and Tariff 

Guiding agreement on Trade and Tariff 

Correct Answer:

General agreement on Trade and Tariff 

Explanation:

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.