World Trade Organization
Economics ⇒ International Trade and Globalisation
World Trade Organization starts at 11 and continues till grade 12.
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Describe the Dispute Settlement Mechanism of the WTO.
Describe the process of accession to the WTO for a new member country.
Discuss any one impact of WTO membership on the Indian economy.
Explain how the WTO contributes to globalisation.
Explain the concept of 'Most Favoured Nation' (MFN) as per WTO rules.
Explain the main objective of the World Trade Organization.
Explain the term 'National Treatment' as used in WTO agreements.
Explain the term 'Trade Facilitation' in the context of the WTO.
The World Trade Organization was established in which year? (1) 1945 (2) 1995 (3) 1985 (4) 2001
Which of the following is a benefit of WTO membership for developing countries? (1) Access to dispute settlement (2) Higher tariffs (3) Trade isolation (4) Reduced exports)
Which of the following is a challenge faced by the WTO? (1) Increasing protectionism (2) Smooth dispute resolution (3) Universal agreement on all issues (4) Declining global trade)
Which of the following is a criticism of the WTO from environmental groups? (1) It promotes sustainable development (2) It ignores environmental concerns (3) It enforces strict environmental laws (4) It bans trade in endangered species)
Fill in the blank: The headquarters of the World Trade Organization is located in __________.
Fill in the blank: The WTO agreements are negotiated and signed by the bulk of the world’s trading nations and ratified in their __________.
Fill in the blank: The WTO currently has __________ member countries.
Fill in the blank: The WTO has __________ official languages.
State whether the following statement is true or false: The WTO aims to eliminate all tariffs immediately for all members.
True or False: All decisions in the WTO are made by majority voting.
True or False: India is a founding member of the WTO.
True or False: The WTO agreements are legally binding on member countries.
