MCQ Questions on World Trade Organisation: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. Ace up your preparation with the Objective Questions available on WTO and enhance your subject knowledge. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams.
MCQ Questions on World Trade Organisation
1.When did the World Trade Organisation come into effect?
(a) March 6, 1996
(b) April 8, 1994
(c) February 5, 1994
(d) January 1, 1995
Answer
Answer: (d)
2. Total members in the WTO at present are?
(a) 207
(b) 195
(c) 160
(d) 164
Answer
Answer: (d)
3. Which among these is the headquarter of the WTO
(a) Austria
(b) Geneva
(c) New York
(d) Washington DC
Answer
Answer: (b)
4. Which of these institutions is not a part of the World Bank community?
(a) IFC
(b) IDA
(c) WTO
(d) IBRD
Answer
Answer: (c)
5. Along with the World Bank and ———————– WTO is the third economic pillar of world-wide dimensions.
(a) International Economic Association (IEA)
(b) International Monetary Funds (IMF)
(c) International Development Bank (IDB)
(d) International Funding Organisation (IFO)
Answer
Answer: (b)
6. Which of the following statements is false
(a) India’s vote share in the International Monetary Fund is 10%
(b) Both the IMF & IBRD have headquarters in Washington
(c) IBRD is also known as World Bank
(d) Both IMF & World Bank are called Bretton Woods twins.
Answer
Answer: (a)
7. Among the following options which is not the objective of the WTO?
(a) To protect environment
(b) To improve the Balance of Payment situation of the member countries
(c) To improve the standard of living of peoples of the member countries
(d) To enlarge production and trade of goods
Answer
Answer: (b)
8. Who is the current Director-General of WTO?
(a) Pascal Lamy
(b) Mahmoud Riad
(c) Chedli Klibi
(d) Roberto Azevêdo
Answer
Answer: (d)
9. TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by:
(a) World Bank (WB)
(b) United Nations Organization (UNO)
(c) World Trade Organization (WTO)
(d) United Nations Conference on Trade and Development (UNCTAD)
Answer
Answer: (c)
10. Who is most recently appointed the Ambassador and Permanent Representative of India to WTO?
(a) JS Deepak
(b) TS Deepak
(c) Anwar Hussain Shaik
(d) Brajendra Navnit
Answer
Answer: (d)