Unit III · Topic 8World Trade Organization (WTO) – Previous Year Questions

8. Which of the following statement/statements is/are correct?

WTO was established as a result of the culmination of the Uruguay Round of GATT.

The new World Trade Organization (WTO) came into effect on January 1, 1955.

At the time of establishment, WTO had 88 members.

The 7th Ministerial Conference of WTO was held in Marrakesh (Morocco) from November 30 to December 2, 2008.

Options:

1. (a)Only 1
2. (b)2 and 3
3. (c)1 and 2✓
4. (d)1, 2, 3 and 4

5. Which of the following statements are correct as per Article III of agreements establishing WTO?

To administer and promote agreements on individual and multilateral agreements.

To administer the rules and procedures governing the settlement of disputes.

To administer the Trade Policy Review Mechanism (TPRM).

To coordinate IMF, IBRD and World Bank on regional economic policies.

Choose the correct option:

1. (a)1 and 2
2. (b)1 and 3
3. (c)2 and 3✓
4. (d)3 and 4

3. Which of the following statements are correct?

A. Dunkel Draft Text was released on 20th Dec 1995.

B. WTO came into effect on 1st Jan 1995, replacing GATT.

C. WTO functions are mentioned in Article III of its agreement.

D. 6th Ministerial Conference of WTO was held in Hong Kong from 13-18 Dec 2008.

Choose:

1. (a)B, C only✓
2. (b)A, C, D only
3. (c)A, B, C only
4. (d)A, B, C, D

1. Match List-I with List-II:

List-I

A. Third Ministerial Conference of WTO was held at

B. Sixth Ministerial Conference of WTO was held at

C. Fourth Ministerial Conference of WTO was held at

D. Seventh Ministerial Conference of WTO was held at

List-II

(I) Hong Kong (China)

(II) Seattle (US)

(III) Geneva (Switzerland)

(IV) Doha (Qatar)

Choose the correct answer:

1. (a)(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
2. (b)(A)-(II), (B)-(I), (C)-(IV), (D)-(III)✓
3. (c)(A)-(II), (B)-(IV), (C)-(I), (D)-(III)
4. (d)(A)-(IV), (B)-(III), (C)-(II), (D)-(I)

5. Which of the following is true with WTO?

A. WTO is headquartered in Hague

B. There have been 9 rounds of trade negotiation since the Second World War

C. Doha Round is the latest round of negotiation for trade for WTO members

D. WTO has 154 members

Choose the correct answer:

1. (a)(B) and (C) only✓
2. (b)(A) and (D) only
3. (c)(C) and (D) only
4. (d)(A) and (C) only

When did India and the United Kingdom (U.K.) formally sign the Comprehensive Economic and Trade Agreement (CETA)?

1. (a)24 July 2025✓
2. (b)31 December 2024
3. (c)15 January 2025
4. (d)1 July 2024