[amp_mcq option1=”Doha” option2=”Geneva” option3=”Rome” option4=”New York” correct=”option2″]<\/p>\n
The correct answer is (b) Geneva.<\/p>\n
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. It was established on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). The WTO’s headquarters are located in Geneva, Switzerland.<\/p>\n
The WTO’s mission is to ensure that trade flows as smoothly, freely, fairly and predictably as possible. It does this by providing a forum for governments to negotiate trade agreements, by setting rules for trade between its members, and by providing a system for settling trade disputes.<\/p>\n
The WTO’s membership has grown from 39 countries in 1995 to 164 countries in 2022. The WTO’s rules and agreements cover a wide range of issues, including tariffs, quotas, subsidies, technical barriers to trade, intellectual property rights, and services.<\/p>\n
The WTO is a powerful organization that has had a significant impact on the global economy. It has helped to reduce tariffs and other trade barriers, and it has promoted trade liberalization. The WTO has also played a role in resolving trade disputes.<\/p>\n
However, the WTO has also been criticized for being too bureaucratic and for not doing enough to help developing countries. The WTO is currently facing a number of challenges, including the rise of protectionism and the increasing importance of regional trade agreements.<\/p>\n
Despite these challenges, the WTO remains an important organization in the global economy. It is likely to continue to play a significant role in shaping the rules of international trade in the years to come.<\/p>\n
The other options are incorrect because:<\/p>\n
(a) Doha is the capital of Qatar.
\n(c) Rome is the capital of Italy.
\n(d) New York is the most populous city in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Doha” option2=”Geneva” option3=”Rome” option4=”New York” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-407","post","type-post","status-publish","format-standard","hentry","category-geography","no-featured-image-padding"],"yoast_head":"\n