World Trade Organization (WTO) – MCQs
Practice Questions for Competitive Exams
Practice these multiple-choice questions to strengthen your understanding of WTO concepts.
MCQs Practice
1. When was the WTO established?
- A) 1945
- B) 1995
- C) 2000
- D) 1980
Answer: B) 1995
2. WTO replaced which organization?
- A) IMF
- B) World Bank
- C) GATT
- D) UN
Answer: C) GATT
3. Where is the headquarters of WTO located?
- A) New York
- B) Geneva
- C) London
- D) Paris
Answer: B) Geneva
4. TRIPS agreement is related to:
- A) Trade in goods
- B) Services
- C) Intellectual property
- D) Agriculture
Answer: C) Intellectual property
5. GATS deals with:
- A) Agriculture
- B) Services
- C) Industry
- D) Banking
Answer: B) Services
Assertion & Reason
6. Assertion (A): WTO promotes free trade.
Reason (R): It reduces trade barriers.
- A) Both A and R are correct
- B) Both are wrong
- C) A is correct, R is wrong
- D) A is wrong, R is correct
Answer: A
Quick Revision
- WTO → 1995
- Origin → GATT
- Headquarters → Geneva
- TRIPS → Intellectual Property
- GATS → Services
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