What is the underlying characteristic of the WTO?
A. It facilitates economic co-operation between different countries
B. It resolves disputes between economic trade blocks
C. It facilitates the development of less developed countries
D. It acts as an umbrella institution that regulates the agreements concluded at the  Uruguay round, the organisation’s ultimate goal being the promotion of free  international trade

1 Answer

Answer :

D. It acts as an umbrella institution that regulates the agreements concluded at the  Uruguay round, the organisation’s ultimate goal being the promotion of free  international trade

Related questions

Description : What are the two main functions of the WTO? A. The promotion of free trade and economic liberalism B. The administration of the WTO agreements and the resolution of international trade ... of the WTO's institutional framework and the promotion of economic co-operation amongst its members

Last Answer : D. The administration of the WTO’s institutional framework and the promotion of economic co-operation amongst its members

Description : With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they? A. The GATT and the Agreement on Subsidies and Countervailing Measures B. ... D. The International Monetary Fund's Articles of Agreement and the European Central Bank's Statute.

Last Answer : A. The GATT and the Agreement on Subsidies and Countervailing Measures

Description : Does the WTO come with its own institutional framework? A. No, the WTO depends on the relevant frameworks of national governments B. No, the WTO provides certain institutional arrangements ... Yes, the WTO provides a common institutional framework for the implementation of free trade agreements

Last Answer : D. Yes, the WTO provides a common institutional framework for the implementation of free trade agreements

Description : Does the WTO apply its framework in exactly the same fashion throughout the world? A. Yes, the WTO applies its framework in exactly the same way throughout the world B. Yes, the WTO ... variation D. No, the WTO makes allowance for variation in the case of economically stronger countries

Last Answer : C. No, the WTO makes allowance for regional variation

Description : Which of the following exceptions in the WTO rules does not permit a country to use a tariff or quota that is more restrictive than its bound tariff? A. Anti-dumping B. Countervailing duties C. Safeguards D. Balance of payments protection E. Preferential trade agreements

Last Answer : E. Preferential trade agreements

Description : Practically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference

Last Answer : C. The General Council

Description : Theoretically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference

Last Answer : D. The Ministerial Conference

Description : As per the WTO Uruguay Round Agreement the domestic support creating tr ade distorting effect on agricultural commodities are included in...... (A) Green Box(B) Amber Box (C) Pink Box (D) Blue Box (E) None of these

Last Answer : (D) Blue Box

Description : Which of the following issues did the Uruguay Round not address? A. Tariffs B. Intellectual Property C. Agriculture D. Migration E. Services

Last Answer : D. Migration

Description : Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. ... and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.

Last Answer : (a) To arbitrate on international trade disputes. 

Description : What does the judicial branch do? Choose one: a. Decides if a law goes against the Constitution. b. Reviews laws. c. Resolves disputes. d. All of the above.

Last Answer : Correct Answer: d. All of the above

Description : What are the three key components' of the WTO? A. A Senate, a Judiciary and a Directorate B. A Trade Commission, a Dispute Settlement Body and a Council of Ministers C. An Executive ... and an Enforcement apparatus D. A Board of Governors, the Assembly of Member States and a Steering Committee

Last Answer : C. An Executive apparatus, a Legislative apparatus and an Enforcement apparatus

Description : As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn't consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are ... and trade have to be cut back. D. Least developed countries do not need to make any cuts.

Last Answer : Indirect assistance and support to farmers including R & D support by govt. are not permitted.

Description : The OECD A. Gathers and publishes data on the international economy. B. Provides financial assistance to developing countries. C. Approves international standards and product regulations. D. ... more developing countries than developed countries. E. Is a cartel of countries that export oil.

Last Answer : A. Gathers and publishes data on the international economy.

Description : Which of these is not the function of IMF? (a) It provides mechanism for orderly adjustment of exchange rate (b) It provides mechanism for international consultation (c) It provides forum for ... of international trade disputes (d) It is a reservoir of the currencies of all the member countries

Last Answer : (c) It provides forum for settlement of international trade disputes  

Description : Promises which form the consideration or part thereof, for each other under section 2(F) are called A. Acceptances for different proposals B. Agreements C. Reciprocal promises D. Consideration

Last Answer : C. Reciprocal promises

Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Last Answer : Answer: World Bank

Description : 1. Which act made the Indian Legislature bicameral? 2. By which a mixture of sand and naphthalene can be separated? 3. The Uruguay Round' negotiations resulted in the establishment of which organization? 4 ... by the largest number of people in India? 20. Which was the first metal used by man?

Last Answer : Answer : 1. Government of India Act, 1919 2. Sublimation 3. WTO 4. Pakistan and Afghanistan 5. Megasthenes 6. Sonar Killa 7. Medulla oblangata 8. At the first instance two months 9. Mongolia, Zambia, Bolivia ... 15. Hoogly 16. Ultrasound 17. Articles 20 and 21 18. Pine oil 19. Indo-Aryan 20. Copper

Description : Robert is a marketer for a global consumer products company. He is working on the promotional campaign designed to reach a target audience in a new international market. Robert is working ... A. Socio-cultural environment B. Competitive environment C. Economic environment D. Legal environment

Last Answer : A. Socio-cultural environment

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Description : In case of void agreements, collateral transactions are A. Also void B. Unenforceable C. Not affected D. Illegal

Last Answer : A. Also void

Description : ____________________ is forming segments of consumers who have similar needs and buying behavior even though they are located in different countries. A. External segmentation B. International segmentation C. Intermarket segmentation D. Enriched segmentation

Last Answer : C. Intermarket segmentation

Description : Ultimately ………………was replaced by the …………….on 1st Jan 1995 A. GATS, WTO B. WTO, GATT C. GATT, WTO D. IMF, GATT

Last Answer : C. GATT, WTO

Description : Which of the following is not a member of the WTO? A. United States B. China C. Russia D. Taiwan E. Iran

Last Answer : E. Iran

Description : Where is provision made with regard to the WTO’s institutional arrangements? A. In the WTO Agreement B. In the GATT C. In the UN Charter D. In the WTO Agreement on Subsidies and Countervailing Measures

Last Answer : A. In the WTO Agreement

Description : A whistle blower is an employee who A. exposes organizational wrongdoing. B. complains a lot to company management. C. engages in unethical behavior. D. refers disputes with other employees.

Last Answer : A. exposes organizational wrongdoing.

Description : The factors such as the buyer's age, life-cycle stage, occupation, economic situation, lifestyle, personality and self-concept that influences buyer's decisions refers to ... Personal characteristics B. Psychological characteristics C. Behavioral characteristics D. Demographical characteristics

Last Answer : D. Demographical characteristics

Description : There is an increasing amount of commerce being done via the Internet. With respectto the promotional mix, which of the following categories would be most directly concerned with Internet commerce? A. Advertising B. Public relations C. Direct marketing D. Sales promotion

Last Answer : C. Direct marketing

Description : What is the role of WTO in international trade? -SST 10th

Last Answer : . WTO's aim is to liberalise international trade. . It establishes rules regarding international trade and sees that these rules are obeyed. . 161 countries of the world are its members ... trade barriers. On the other hand, WTO rules have forced developing countries to remove trade barriers.

Description : OSI model is a product of the Open Systems Interconnection effort at the ____: a) IBM b) ISO (International Organization for Standardization) c) WTO (World Trade Organziation) d) None of These

Last Answer : b) ISO (International Organization for Standardization)

Description : How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It ... are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Last Answer : It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment.

Description : Why most international air service agreements between countries is still conducted on a bilateral basis?

Last Answer : answer:A lot of it has to do with economic equality between carriers. The UK is not going to give United a gate and five or six landings a day at Heathrow unless British Air gets a gate and ... . And there are a limited number of destinations in some countries as opposed to large numbers in the US.

Description : Scarcity of capital, technological backwardness and unemployment are generally found in A. Developed countries B. Underdeveloped countries C. Both D. None of the above

Last Answer : B. Underdeveloped countries

Description : Scarcity of capital, technological backwardness and unemployment are generally found in: A. Developed countries B. None of the above C. Underdeveloped countries D. Both

Last Answer : C. Underdeveloped countries

Description : Explain how the developing countries which are members of the WTO suffer due to trade barriers. -SST 10th

Last Answer : The developing countries suffer due to trade barriers. WTO is supposed to allow free trade for all in practice. But the developed countries have unfairly retained trade barriers. (i) ... asking governments of developing countries to stop supporting their farmers, but they are doing it themselves

Description : How many countries are currently the members of the World Trade Organization (WTO) ? -SST 10th

Last Answer : It has 164 member countries as on 29 July, 2016.

Description : Which of the following is not the function of World Trade Organization? (a) To settle border disputes of member countries. ; (b) To handle trade disputes. (c) To provide technical ... and training to developing countries. (d) To provide forum for trade negotiation between the member countries.

Last Answer : (a) To settle border disputes of member countries. ; (b) To handle trade disputes. 

Description : The University Grants Commission was established with which of the following aims?  (a) Promotion of research and development in higher education  (b) Identifying and sustaining institutions of potential learning (c) Capacity building of teachers ... ) (C) (a), (b) and (c) (D) (b), (c) and (d)

Last Answer : Answer: C

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

Description : The Exchange-rate System that best characteristizes the present international monetary arrangement used by industrialized countries is: A. Freely Fluctuating Exchange Rates B. Adjustable Pegged Echange Rates C. Managed Floating Exchange Rates D. Pegged or Fixed Exchange Rates

Last Answer : C. Managed Floating Exchange Rates

Description : Mowing grass lawn facilitates better maintenance because (a) wounding stimulates regeneration (b) removal of apical dominance and stimulation of intercalary meristem (c) removal of apical dominance (d) removal of apical dominance and promotion of lateral meristem.

Last Answer : (b) removal of apical dominance and stimulation of intercalary meristem

Description : “The Doing Business Report” is prepared by which of the following organizations every year? A. Asian Development Bank(ADB) B. World Bank(WB) C. New Development Bank(NDB) D. World Trade Organization(WTO)

Last Answer : B. World Bank(WB) Explanation: The Doing Business Report (DB) is a study elaborated by the World Bank Group since 2003 every year that is aimed to measure the costs to firms of ... sector development, and is claimed to have motivated the design of several regulatory reforms in developing countries.

Description : A retailer is an organisation that purchases products for the purpose of reselling them to A)other retail organisations . B)the government. C)ultimate consumers. D)wholesalers.

Last Answer : C)ultimate consumer

Description : Factor of safety is a. Tensile stress / Permissible stress b. Compressive stress / Ultimate stress c. Ultimate stress / Permissible stress d. Ultimate stress / Shear stress

Last Answer : c. Ultimate stress / Permissible stress

Description : Which of the following is not included under World Bank objective? A. Reconstruction and Economic Development B. Encouragement to Capital Investment C. Balance Development D. Delayed Implementation

Last Answer : D. Delayed Implementation

Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income

Last Answer : D. Per Capita Income

Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income

Last Answer : D. Per Capita Income

Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income

Last Answer : D. Per Capita Income

Description : Which of the following explains the term economic development? A. Improvement in the technology involved B. Improvement in production C. Improvement in distribution system D. All the above

Last Answer : D. All the above