WBCS.LIVE practice question

The earlier name of WTO was

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. UNCTAD
  2. GATT
  3. UNIDO
  4. OECD

Correct answer and explanation

Correct answer: GATT

Explanation: āœ… Correct Answer: B. GATT šŸ“š Explanation: The World Trade Organization (WTO) was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). GATT had been the primary international agreement governing trade since 1948. The WTO expanded the scope of international trade rules to include services and intellectual property. It is headquartered in Geneva, Switzerland.