UPSC Economics Globalisation Question Bank World Economy

  • question_answer
          The terms agreements on agriculture, agreement on the application of sanitary and phyto-sanitary measures and peace clause appear in the news frequently in the context of?

    A) Food and Agriculture Organization

    B) United Nations Framework on Climate change

    C) World Trade Organization

    D) United Nations Environment Program

    Correct Answer: C

    Solution :

    World Trade Organization. The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. The WTO deals with regulation of trade between participating countries by providing a framework - for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments.


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