Question

Choose the correct option from the following related to World Trade Organisation (WTO).

• A. The General Agreement on Tariffs and Trade (GATT) was its predecessor
• B. 149 countries were its members as of 2016
• C. India became its member in 1984
• D. Its headquarters is located in New York

Hint:

International trade facilitates the exchange of goods and services that are not readily available locally, making it beneficial for all nations involved.

Answer 1

The Correct Option is A

International trade benefits nations by enabling them to acquire goods and services they cannot produce efficiently. This mutual advantage is realized through trade agreements, facilitating the exchange of resources, technology, and expertise.
The rationale is sound: international trade enables countries to obtain necessary items from other nations. Consequently, the assertion and reason are validly linked, with the reason elucidating the benefits of international trade. Therefore, the correct choice is (A) Both the assertion and reason are true, and the reason correctly explains the assertion.