[amp_mcq option1=”WTO” option2=”IMF” option3=”GATT” option4=”World Bank” correct=”option3″]<\/p>\n
The correct answer is: C. GATT<\/p>\n
The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. The agreement was signed in 1947 and was the first multilateral trade agreement in the world. The GATT was replaced by the World Trade Organization (WTO) in 1995.<\/p>\n
The GATT was a major step forward in the liberalization of international trade. The agreement reduced tariffs and other trade barriers, and it established a dispute settlement mechanism to resolve trade disputes. The GATT also played a role in the creation of the World Trade Organization.<\/p>\n
The GATT was a complex agreement, and it covered a wide range of issues related to international trade. Some of the key provisions of the GATT included:<\/p>\n
The GATT was a successful agreement, and it helped to promote economic growth and development around the world. The agreement also helped to reduce poverty and improve living standards. The GATT was a major step forward in the liberalization of international trade, and it played a key role in the creation of the World Trade Organization.<\/p>\n
The other options are:<\/p>\n
[amp_mcq option1=”WTO” option2=”IMF” option3=”GATT” option4=”World Bank” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[702],"tags":[],"class_list":["post-33887","post","type-post","status-publish","format-standard","hentry","category-business-environment-and-international-business","no-featured-image-padding"],"yoast_head":"\n