Question

The policy of liberalisation entails the participation in the …….. which aims to bring about a more free international trading system. 
 

• A. WTO
• B. EPC
• C. WHO
• D. UNCTAD

Hint:

Always understand the mandates of different global bodies and their specific roles in the international arena.

Answer 1

The Correct Option is A

WTO (World Trade Organization): A global organization dedicated to fostering a more open and free international trade system, and to implementing policies that support inter-nation trade and investment.
EPC (Export Promotion Council): National trade bodies focused on advancing the export of specific goods and commodities.
WHO (World Health Organization): Primarily involved in health policy, standards, and related matters, not trade policies.
UNCTAD (United Nations Conference on Trade and Development): Facilitates the development and integration of developing nations into the global economy, rather than solely promoting liberalization policies.