Practicing Success

Target Exam

CUET

Subject

Geography

Chapter

Fundamentals of Human Geography: International Trade

Question:

Which of the following are functions of World Trade Organisation ?

Options:

Sets the rules for the global trading system

Resolves disputes between its member nations

It also covers trade in services

All of the above

Correct Answer:

All of the above

Explanation:

WTO is the only international organisation dealing with the global rules of trade between nations. It sets the rules for the global trading system and resolves disputes between its member nations. WTO also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights.