question_answer

Which among the following statements is/are true with regard to WTO membership?

1. All WTO members automatically receive the 'most favored nation' status.

2. Over 75% of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff.

Select the correct answer using the codes given below.

A) 1 only

B) 2 only

C) Both 1 and 2

D) Neither 1 nor 2