W.T.O. was founded in 1995 as the succes

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Target Exam

CUET

Subject

Economics

Chapter

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

Question:

W.T.O. was founded in 1995 as the successor organisation to GATT. What is the fullform of GATT?

Options:

General Agreement on Trade and Tariff

General Acquired Terms for Trade

General Agreement Terms for Trade

General Agreement on Tariff and Trade

Correct Answer:

General Agreement on Trade and Tariff

Explanation:

The WTO was founded in 1995 as the successor organisation to the General Agreement on Trade and Tariff (GATT). GATT was established in the year 1948.