Correct option is B
The correct answer is: (b) WTO
Explanation:
- The World Trade Organization (WTO), established in 1995, supports globalisation and free trade by regulating international trade rules, resolving disputes, and promoting smooth flow of goods and services across countries.
Information Booster:
- WTO succeeded the General Agreement on Tariffs and Trade (GATT).
- Headquartered in Geneva, Switzerland.
- Deals with agreements covering goods, services, and intellectual property rights.
- Has 164 member countries (as of 2025).
- Key principle: Most-Favoured-Nation (MFN) treatment in trade.
Additional Knowledge:
- WHO (World Health Organization): UN agency for international public health.
- UNESCO (United Nations Educational, Scientific and Cultural Organization): Promotes education, science, culture, and heritage.
- IMF (International Monetary Fund): Provides financial stability, monetary cooperation, and short-term loans to member countries.