WBCS.LIVE practice question

The World Trade Organization (WTO) was established in which year?

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

Answer options

  1. 1944
  2. 1948
  3. 1991
  4. 1995

Correct answer and explanation

Correct answer: 1995

Explanation: āœ… Correct Answer: D) 1995 šŸ“š Explanation: The World Trade Organization (WTO) was officially established on January 1, 1995, under the Marrakesh Agreement. It replaced the General Agreement on Tariffs and Trade (GATT), which had regulated international trade since 1948. The WTO serves as the only global international organization dealing with the rules of trade between nations, ensuring that trade flows as smoothly, predictably, and freely as possible.