Download PDF
Free download in PDF WTO Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams. These short solved questions or quizzes are provided by Gkseries.
(1)
At present how many members are in the WTO?
[A]
160
[B]
164
[C]
207
[D]
195
(2)
Which of the following institutions is not part of the World Bank community?
[A]
IBRD
[B]
WTO
[C]
IDA
[D]
IFC
(3)
Which of the following statements is not correct?
[A]
Both the IMF & IBRD have headquarters in Washington
[B]
Both IMF & World Bank are the known as the Bretton Woods twins
[C]
IBRD is known as World Bank also
[D]
India's vote share in the International Monetary Fund is 10%
Answer: India's vote share in the International Monetary Fund is 10%
(4)
Which of the following is not the objective of the WTO?
[A]
To improve the standard of living of peoples of the member countries
[B]
To enlarge production and trade of goods
[C]
To protect environment
[D]
To improve the Balance of Payment situation of the member countries
Answer: To improve the Balance of Payment situation of the member countries
(5)
India has ratified the WTO trade facilitation agreement becoming the ____ WTO member to accept the TFA
[A]
75th
[B]
77th
[C]
78th
[D]
76th
(6)
Which country becomes the 161st member of the World Trade Organization (WTO) on 26th April 2015?
[A]
Vanuatu
[B]
Yemen
[C]
Samoa
[D]
Seychelles
(7)
Which of the following is the main objective behind the establishment of WTO?
[A]
To settle disputes between nations
[B]
To widen the principle of free trade to sectors such as services and agriculture
[C]
To cover more areas than GATT
[D]
All of them
(8)
China became a member of world trade Organization in_________?
[A]
1945
[B]
1960
[C]
1990
[D]
2001
(9)
10th WTO Ministerial Conference was held in which city?
[A]
Durban
[B]
Nairobi
[C]
London
[D]
None of these
(10)
What is WAND?
[A]
Women's Action for Nuclear Disarmament
[B]
World Action on Nuclear Disarmament
[C]
Women Action for National Disagreements
[D]
Women and Nuclear Disarmament
Answer: Women's Action for Nuclear Disarmament
(11)
Which two countries, Japan occupied?
[A]
China and Korea
[B]
Africa and Netherland
[C]
Africa and Europe
[D]
None of these
(12)
General Agreement on Tariffs and Trade (GATT) went into effect?
[A]
1945
[B]
1948
[C]
1946
[D]
1947
(13)
When was GATT replaced with WTO?
[A]
1994
[B]
1992
[C]
1995
[D]
1993
(14)
WTO comes as the third economic pillar of world-wide dimensions along with the World Bank and ___________?
[A]
International Monetary Funds (IMF)
[B]
international Economic Association (IEA)
[C]
International Funding Organisation (IFO)
[D]
International Development Bank (IDB)
Answer: International Monetary Funds (IMF)
(15)
Which of the following is the headquarters of World Trade Organisation (WTO)?
[A]
Paris
[B]
New York
[C]
Geneva
[D]
None of these
(16)
How many countries are the current members of WTO?
[A]
181
[B]
191
[C]
161
[D]
123
(17)
Who is the current Director-General of WTO?
[A]
Chedli Klibi
[B]
Mahmoud Riad
[C]
Michael Johnson
[D]
Pascal Lamy
(18)
Name the agreement which was signed by the United States. Canada and Mexico towards removing trade barriers?
[A]
SEATO
[B]
CENTO
[C]
NAFTA
[D]
None of them
(19)
By the backing of how many founder members was WTO established?
[A]
80
[B]
82
[C]
85
[D]
84
(20)
Which countries shrimp exports to United States were blocked?
[A]
Indonesia, Malaysia, Thailand, Pakistan
[B]
Japan, Spain and Russia
[C]
Europe, Africa, China, Netherland
[D]
China, America, Britain
Answer: Indonesia, Malaysia, Thailand, Pakistan
Take Mock Tests