Question

Assertion (A): WTO was established in 1995 to facilitate international trade.

Reason (R): The WTO agreements cover only trade in goods.

Alternatives:

Options

• Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

• Both Assertion (A) and Reason (R) are true, and Reason (R) is not the correct explanation of Assertion (A).

• Assertion (A) is true, but Reason (R) is false.

• Assertion (A) is false, but Reason (R) is true.

Answer 1

Assertion (A) is true, but Reason (R) is false.

Explanation:

The WTO was established in 1995 to liberalise and promote international trade among member countries, monitor agreements, and handle disputes. The Reason is false because WTO agreements cover trade in goods, services, and intellectual property (GATT, GATS, TRIPS), not only goods.