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प्रश्न
What is the basic function of the World Trade Organisation?
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उत्तर
Basic function of World Trade Organisation is to act as an international organisation to deal with the global rules of trade between nations. It sets the rules for the global trading and resolves the disputes between member nations. It is a permanent institution for looking after the promotion of free and fair trade amongst nations. WTO also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights.
संबंधित प्रश्न
In which of the following trade blocs, is India an associate member?
Why is it detrimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
Where are the headquarters of LAIA?
Where are the headquarters of OPEC?
Why were regional trade blocs formed?
Explain how global trade affects many aspects of life.
The Headquarters of EU are at ______.
When exports are more than imports, trade is ______.
How many countries are there in OPEC?
In which of the following trade blocks, is India an associate member?
Which association is the largest single market in the world?
What are the components of International trade?
Where is WTO Headquarter located?
Which of the following is not an item of India s export ____________.
Which of the following is not a major trading partner of India ____________.
Artificial harbor of India.
Identify the South America county from the following options which is a part of OPEC.
What does the Latin word 'Salarium' mean?
Which of the following forms the basis of international trade?
The silk route had a length of ______ km connecting Rome and China.
WTO was established on which of the following date?
Where is the Headquater of WTO located?
Match the following.
| List I (Organisation) |
List II (Established) |
| A. ASEAN | 1. 1995 |
| B. WTO | 2. 1967 |
| C. NAFTA | 3. 1994 |
I. The WTO however has been criticized and opposed by those who are worried about the effects of Free trade and economic globalization.
II. Free trade does not make ordinary people‟s lives more prosperous.
Analyse the five basis of international trade in the world.
"Undertaking international trade is mutually beneficial to nations." Justify the statement.
Which of the followings is not a function of World Trade Organization (WTO)?
On the given political map of the World, seven geographical features have been marked as A, B, C, D, E, F and G. Identify any five with the help of the following information and write their correct names on the lines drawn near each feature.
- A major seaport.
- An international airport.
- An important Seaway.
- An area of subsistence gathering in South America.
- An important seaport of Asia.
- An area of Nomadic Herding.
- Region of extensive commercial grain agriculture.
