The important objectives of WTO are 1. To improve the quality of technology in the member countries. 2. To improve the standard of living of people in the member countries. 3. To ensure full employment and broad increase in effective demand. 4. To enlarge production and trade of goods. 5. To increase trade of services. Select the correct answer:

The correct answer is C. 1, 2, 3 and 5.

The WTO’s objectives are:

• To help trade flow smoothly, freely, fairly and predictably.
• To reduce tariffs and other trade barriers.
• To eliminate discriminatory treatment in international trade.
• To provide a forum for trade negotiations.
• To settle trade disputes.
• To help developing countries participate in the global economy.

The WTO does not have an objective to improve the quality of technology in member countries. This is because the WTO is a trade organization, and its focus is on trade, not technology. The WTO does have an objective to improve the standard of living of people in member countries. This is because the WTO believes that trade can help to raise incomes and improve living standards. The WTO also has an objective to ensure full employment and broad increase in effective demand. This is because the WTO believes that trade can help to create jobs and stimulate economic growth. The WTO also has an objective to enlarge production and trade of goods. This is because the WTO believes that trade can help to increase economic efficiency and productivity. The WTO also has an objective to increase trade of services. This is because the WTO believes that trade in services can help to improve economic efficiency and productivity.

In conclusion, the correct answer is C. 1, 2, 3 and 5.