World Trade Organization MCQs
World Trade Organization – MCQs with Answers & Explanations
Class: CBSE Class 11
Subject: Economics
Section: Liberalisation, Privatisation & Globalisation
Topic: World Trade Organization (WTO)
Board: CBSE Board Examinations
Subject: Economics
Section: Liberalisation, Privatisation & Globalisation
Topic: World Trade Organization (WTO)
Board: CBSE Board Examinations
These Multiple Choice Questions (MCQs) are designed strictly as per the NCERT syllabus, making them ideal for CBSE Class 11 Board Examination preparation. Each question includes detailed explanations for clear conceptual understanding.
1. WTO stands for:
Answer: A
WTO regulates international trade rules.
WTO regulates international trade rules.
2. WTO was established in:
Answer: B
Formed after replacing GATT.
Formed after replacing GATT.
3. WTO headquarters is in:
Answer: B
Located in Switzerland.
Located in Switzerland.
4. WTO replaced:
Answer: B
General Agreement on Tariffs and Trade.
General Agreement on Tariffs and Trade.
5. Main objective of WTO:
Answer: A
Ensures smooth global trade.
Ensures smooth global trade.
6. WTO resolves:
Answer: A
Provides dispute settlement mechanism.
Provides dispute settlement mechanism.
7. WTO promotes reduction of:
Answer: A
Encourages trade liberalisation.
Encourages trade liberalisation.
8. India became WTO member in:
Answer: A
Founding member.
Founding member.
9. WTO agreements cover:
Answer: A
Also intellectual property.
Also intellectual property.
10. TRIPS relates to:
Answer: A
Intellectual property rights.
Intellectual property rights.
11. TRIMS relates to:
Answer: A
Trade‑related investment rules.
Trade‑related investment rules.
12. WTO encourages:
Answer: A
Ensures level playing field.
Ensures level playing field.
13. Export subsidies are:
Answer: A
Subject to WTO rules.
Subject to WTO rules.
14. WTO benefits developing nations via:
Answer: A
Access to global markets.
Access to global markets.
15. Critics argue WTO favours:
Answer: A
Due to stronger bargaining power.
Due to stronger bargaining power.
16. Agriculture negotiations relate to:
Answer: A
Farm support policies.
Farm support policies.
17. Dispute settlement body:
Answer: A
Ensures rule compliance.
Ensures rule compliance.
18. WTO decisions are:
Answer: A
Based on consensus.
Based on consensus.
19. WTO promotes:
Answer: A
Facilitates international commerce.
Facilitates international commerce.
20. Overall WTO role:
Answer: A
Ensures smooth global trade system.
Ensures smooth global trade system.
