| Consider the following statements and select the correct answer from the codes given below: |
| Assertion (A): The W.T.O. aims to promote free trade. |
| Reason (B): It does not manage the global economy impartially. |
A) Both A and R are true and P. is the correct explanation of A.
B) Both A and R are true, but R is not the correct explanation of A.
C) A is true, but R is false.
D) A is false, but R is true.
Correct Answer: B
Solution :
The WTO established in 1995. It aims to promote free trade, but it does not manage the global economy impartially. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participant?s adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments.
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