Question:medium

Identify the correct statements about WTO (World Trade Organisation).
It is the only international organisation dealing with the global rules of trade between nations.
It sets the rules for the global trading system and resolves disputes between its member nations.
It helps the poor countries in promoting their trade activities and gives priority to environmental issues.
It also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights.
Choose the correct answer from the options given below:

Updated On: Jan 16, 2026
  • (A), (B) and (C) only
  • (B), (C) and (D) only
  • (A), (C) and (D) only
  • (A), (B) and (D) only
Show Solution

The Correct Option is D

Solution and Explanation

The World Trade Organization (WTO) is fundamental to international commerce. An examination of the provided statements reveals the following:

  • (A) It is the only international organisation dealing with the global rules of trade between nations: This statement is accurate. The WTO is the singular international body governing global trade regulations.
  • (B) It sets the rules for the global trading system and resolves disputes between its member nations: This statement is accurate. A primary function of the WTO is to facilitate trade agreement negotiations and dispute resolution among its members.
  • (C) It helps the poor countries in promoting their trade activities and gives priority to environmental issues: This statement is partially inaccurate. While the WTO supports developing nations' trade, it does not assign priority to environmental concerns above other trade considerations.
  • (D) It also covers trade in services, such as telecommunication and banking, and other issues such as intellectual rights: This statement is accurate. WTO agreements encompass trade in services and intellectual property rights, including sectors like telecommunications and banking.

Based on this analysis, statements (A), (B), and (D) are correct. Consequently, the correct response is: (A), (B), and (D) only

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