Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: International Organisations

Question:

Which organization sets the rules for global trade?

Options:

The United Nations

The World Trade Organisation

The World Bank

The IMF

Correct Answer:

The World Trade Organisation

Explanation:

The World Trade Organisation (WTO) is an international organization that sets the rules for global trade. This organization was set up in 1995 as the successor to the General Agreement on Trade and Tariffs (GATT) created after the Second World War.