Correct option is D
The correct answer is: (d) World Trade Organization (WTO)
Explanation:
The World Trade Organization (WTO) is the primary international body responsible for promoting free and fair trade among nations.
It provides a framework for negotiating trade agreements, settles trade disputes, and ensures that trade flows smoothly, predictably, and without discrimination.
Information Booster:
Established: 1995, replacing the General Agreement on Tariffs and Trade (GATT).
Headquarters: Geneva, Switzerland.
The WTO has 164 member countries (as of 2024) and plays a key role in setting global trade rules and resolving trade disputes.
Additional Information:
- World Bank – Established in 1944, it provides long-term financial and technical assistance to developing countries for development programs.
- International Monetary Fund (IMF) – Founded in 1944 at the Bretton Woods Conference, it supports global monetary cooperation and financial stability.
- United Nations (UN) – Formed on 24 October 1945, it works to maintain international peace, security, and development among nations.
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25 Questions
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