Practicing Success

Target Exam

CUET

Subject

Geography

Chapter

Fundamentals of Human Geography: International Trade

Question:
Which is the only international organisation dealing with the global rules of trade between nations?
Options:
GATT
WTO
UNICEF
World Bank
Correct Answer:
WTO
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 others issues such as intellectual rights.