The GATT was replaced by the World Trade organization in:

Related Mcqs:

1. Which of the organization was replaced with Economic Cooperation Organization (ECO)?

   A. Arab League
   B. RCD
   C. NAM
   D. None of these

2. The General Agreement on Tariffs and Trade was replaced by the

   A. World Trade Organization
   B. North American Free Trade Agreement
   C. Multilateral Trade Agreement
   D. General Agreement on Trade and Development

3. When Pakistan became the member of World Trade Organization:

   A. 1st January 1995
   B. 6th March 1995
   C. 7th April 2001
   D. 9th July 2002

4. The organization, within the UN, which was founded in 1948 to encourage free trade between nations by reducing tariffs, subsides, quotas and regulations:

   A. General Agreement on Tariffs and Trade (GATT)
   B. World Trade Organization (WTO)
   C. International Standardization Organization (ISO)
   D. World Economy Forum (WEF)

5. Apart from the WTO, most international trade is governed by more specific international agreements: bilateral trade agreements and:

   A. global trade agreements
   B. reciprocity
   C. regional trade agreements
   D. interdependence

6. ISO’s mission is to promote the development of standardization and related activities. ISO is not an acronym for international organization organization for standardization. What is it?

   A. Greek word meaning equal
   B. Greek word meaning quality
   C. Greek word meaning health
   D. Greek word meaning superior

7. The International Organization for Standardization (ISO) is a nongovernmental organization. It began operation in:

   A. 1940
   B. 1945
   C. 1947
   D. 1949

8. What specialized UN organization, established in 1964, deals with financial, trade and development issues?

   A. World Trade Organization (WTO)
   B. Universal Council Tread and Development (UCTD)
   C. International Organization to Promote Trade and Development (IOPTD)
   D. United Nations Conference on Trade and Development (UNCTAD)

9. What organization promotes free trade between Brazil, Argentina, Uruguay and Paraguay?

   A. SAFTA
   B. APEC
   C. OAS
   D. Mercosur

10. The world Economic Forum is an independent organization committed to improve the state of the world. It is based in:

    A. Geneva
    B. Bern
    C. Montreal
    D. Paris