Question

An international organisation which sets the rules for global trade?

• A. WTO
• B. World Bank
• C. WHO
• D. UNICEF

Hint:

The WTO is the primary institution responsible for regulating international trade and ensuring that global trade adheres to set rules.

Answer 1

The Correct Option is A

Step 1: Understanding the role of the WTO.
The World Trade Organization (WTO) is the international body that establishes regulations for international trade. It manages trade relations between countries, with the goal of ensuring seamless, predictable, and open trade.
Step 2: Analysis of options.
- (1) WTO: Correct. The WTO regulates global trade.
- (2) World Bank: Incorrect. The World Bank funds development projects, but does not regulate trade.
- (3) WHO: Incorrect. The WHO addresses global health, not trade.
- (4) UNICEF: Incorrect. UNICEF focuses on children's welfare, not trade regulations.
Step 3: Conclusion.
The correct choice is (1) WTO.