hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    Arrange the following countries in the ascending order of their contribution to the WTO budget 2020: (A) China(B) Japan(C) Germany(D) United States of
    Question

    Arrange the following countries in the ascending order of their contribution to the WTO budget 2020:
    (A) China
    (B) Japan
    (C) Germany
    (D) United States of America
    (E) United Kingdom
    Choose the correct answer from the options given below:

    A.

    (A), (B), (D), (E), (C)

    B.

    (D), (A), (B), (E), (C)

    C.

    (E), (B), (C), (A), (D)

    D.

    (D), (A), (B), (C), (E)

    Correct option is C

    The World Trade Organization (WTO) funds its budget through contributions from its member countries. These contributions are calculated based on the share of each country in international trade. The higher a country's trade volume, the greater its contribution to the WTO budget.

    In 2020, the five countries mentioned in the question—United Kingdom, Japan, Germany, China, and the United States—had different contribution percentages to the WTO budget, determined by their trade share:

    • United Kingdom: 3.785%
    • Japan: 3.925%
    • Germany: 7.149%
    • China: 10.303%
    • United States of America: 11.691%

    Thus, the correct sequence is:
    (E) United Kingdom → (B) Japan → (C) Germany → (A) China → (D) United States

    Information Booster:

    • United Kingdom (3.785%) had the lowest contribution among the given countries because its total international trade volume was lower compared to the others.
    • Japan (3.925%) contributed slightly more than the UK due to its strong global trade presence, especially in manufacturing and technology exports.
    • Germany (7.149%) ranked third, reflecting its large export-oriented economy, particularly in automobiles and industrial goods.
    • China (10.303%) was the second-highest contributor due to its dominant position in global trade, manufacturing, and exports.
    • United States (11.691%) was the largest contributor to the WTO budget, in line with its status as the world's largest economy and a leading participant in international trade.

    These contributions play a vital role in funding the WTO's operations, including trade dispute settlements, policy-making, and assistance programs for developing nations.

    Free Tests

    Free
    Must Attempt

    Basics of Education: Pedagogy, Andragogy, and Hutagogy

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon12 Mins
    languageIcon English
    Free
    Must Attempt

    UGC NET Paper 1 Mock Test 1

    languageIcon English
    • pdpQsnIcon50 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Basics of Education: Pedagogy, Andragogy, and Hutagogy

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon12 Mins
    languageIcon English

    Similar Questions