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Organizations - GATT MCQs

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Organizations - GATT

Organizations - GATT MCQs With Answers

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CSS - PMS - General Knowledge (G.K) Organizations - GATT
Which principle means a trade advantage given to one member should generally be extended to others?
A. Most-favoured-nation principle
B. Subsidiarity
C. Collective defense
D. Judicial review
Correct Answer: A
MFN is a core nondiscrimination principle in GATT/WTO trade law.
CSS - PMS - General Knowledge (G.K) Organizations - GATT
Which negotiating round led to creation of the WTO?
A. Tokyo Olympic Round
B. Bretton Woods Round
C. Doha Round
D. Uruguay Round
Correct Answer: D
The Uruguay Round concluded with agreements establishing the WTO.
CSS - PMS - General Knowledge (G.K) Organizations - GATT
Which organization succeeded the GATT institutional framework in 1995?
A. UNESCO
B. World Bank
C. IMF
D. World Trade Organization
Correct Answer: D
The WTO was created in 1995 following the Uruguay Round, while GATT 1994 remained part of WTO law.
CSS - PMS - General Knowledge (G.K) Organizations - GATT
What was GATT mainly intended to reduce?
A. Currency notes
B. Population growth
C. Global rainfall
D. Trade barriers such as tariffs
Correct Answer: D
GATT promoted trade liberalization through negotiated reductions in tariffs and other barriers.
CSS - PMS - General Knowledge (G.K) Organizations - GATT
In what year was GATT signed?
A. 1995
B. 1919
C. 1947
D. 1965
Correct Answer: C
The original GATT was signed in 1947.
CSS - PMS - General Knowledge (G.K) Organizations - GATT
What does GATT stand for?
A. General Association for Taxes and Tariffs
B. Global Agency for Trade Treaties
C. Global Agreement on Trade and Transport
D. General Agreement on Tariffs and Trade
Correct Answer: D
GATT is the General Agreement on Tariffs and Trade.
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