World Trade Organization (WTO) MCQs | WTO Multiple Choice Questions and Answers

Questions
1 At present how many members are in the WTO?
A 160
B 164
C 207
D 195

Answer: 164
2 Which of the following institutions is not part of the World Bank community?
A IBRD
B WTO
C IDA
D IFC

Answer: WTO

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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

Answer: 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

Answer: 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

Answer: All of them
8 China became a member of world trade Organization in_________?
A 1945
B 1960
C 1990
D 2001

Answer: 2001
9 10th WTO Ministerial Conference was held in which city?
A Durban
B Nairobi
C London
D None of these

Answer: Nairobi
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

Answer: China and Korea
12 General Agreement on Tariffs and Trade (GATT) went into effect?
A 1945
B 1948
C 1946
D 1947

Answer: 1948
13 When was GATT replaced with WTO?
A 1994
B 1992
C 1995
D 1993

Answer: 1995
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

Answer: Geneva
16 How many countries are the current members of WTO?
A 181
B 191
C 161
D 123

Answer: 161
17 Who is the current Director-General of WTO?
A Chedli Klibi
B Mahmoud Riad
C Michael Johnson
D Pascal Lamy

Answer: 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

Answer: NAFTA
19 By the backing of how many founder members was WTO established?
A 80
B 82
C 85
D 84

Answer: 85
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
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