Which one of the following events is not correctly matched with the year in which it happened?
Inauguration of the SWIFT system of electronic interbank fund transfers worldwide—1985
Conclusion of the Uruguay Round of GATT—1994
Inauguration of the World Trade Organization—1995
Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-1 – 2018
B) The Uruguay Round of GATT concluded in December 1993, and the final act establishing the World Trade Organization (WTO) was signed in Marrakech in April 1994. So, 1994 is correct for the conclusion/signing.
C) The World Trade Organization (WTO) was officially inaugurated/established on January 1, 1995, as the successor to GATT. This is correct.
D) Nasdaq (National Association of Securities Dealers Automated Quotations) was established and began operations in 1971 as the world’s first electronic stock market. This is correct.