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Q. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?
1. Promotion of free trade and resource flows across countries
2. Protection of intellectual property rights
3. Managing a balanced trade between different countries
4. Promotion of trade between the former East Bloc countries and the western world
Select the correct answer by using the codes given below:
Codes:
  • a)
    1, 2, 3 and 4
  • b)
    1 and 2
  • c)
    2 and 3
  • d)
    1 and 4
Correct answer is option 'B'. Can you explain this answer?
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Q. Which of the following were the aims behind the setting up of the W...
World Trade Organization (WTO) is a body making global trade rules with binding effects on its members. It is not only an institution, but also a set of agreements. The WTO regime is known as the rules- based multilateral trading system. The history of the Organization dates back to 1947, when the General Agreement on Tariffs and Trade (GATT) was set up to reduce tariffs barriers, remove trade barriers and facilitate international trade in goods and services
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Q. Which of the following were the aims behind the setting up of the W...
Aim of World Trade Organization (WTO)

The World Trade Organization (WTO) was established in 1995 with the aim of promoting free trade and resource flows across countries. It replaced the General Agreement on Tariffs and Trade (GATT) which was established in 1947.

The main aims of the WTO are:

1. Promotion of free trade and resource flows across countries: The WTO aims to reduce trade barriers such as tariffs and quotas that restrict the flow of goods and services across borders. It encourages countries to open up their markets to foreign competition, which can lead to increased economic growth and development.

2. Protection of intellectual property rights: The WTO also aims to protect intellectual property rights such as patents, trademarks, and copyrights. This is important for promoting innovation and technological advancement, as it provides incentives for companies to invest in research and development.

3. Managing a balanced trade between different countries: The WTO aims to ensure that trade between countries is balanced and fair. It provides a platform for negotiations and dispute resolution between member countries, which can help to prevent trade wars and other conflicts.

4. Promotion of trade between the former East Bloc countries and the western world: While not a specific aim of the WTO, it has helped to promote trade between the former East Bloc countries and the western world by providing a framework for negotiations and agreements.

Therefore, the correct answer is option B (1 and 2).
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The passage given below is followed by ten questions. Each question has four alternative answers, out of which only one is correct. Choose the correct answer.India ranks 12th among 52 low-middle income countries having highest infant mortality rates with over 6 lakh children dying within the first month of their birth in 2016, a report by the United Nations Children’s Fund says. With the neonatal mortality rate being recorded at 25.4 deaths per 1,000 live births in 2016, India ranked below Sri Lanka (127), Bangladesh (54), Nepal (50) and Bhutan (60) but was above Pakistan, which was ranked among the lowest in the list with 45.6 deaths per 1,000 live births, according to the report released. Babies born in Japan, Iceland and Singapore have the best chance of survival, while newborns in Pakistan, the Central African Republic and Afghanistan face the worst odds, the report stated.“While we have more than halved the number of deaths among children under the age of five in the last quarter century, we have not made similar progress in ending deaths among children less than one-month-old,” said Henrietta H. Fore, UNICEF’s Executive Director. “Given that the majority of these deaths are preventable, clearly, we are failing the world’s poorest babies.” Globally, in low-income countries, the average newborn mortality rate is 27 deaths per 1,000 births, the report says. In high-income countries, that rate is 3 deaths per 1,000. Newborns from the riskiest places to give birth are up to 50 times more likely to die than those from the safest places. However, a Health Ministry official said India has shown impressive progress in reduction of under-five mortality, nearly meeting its MDG target, with a 66% reduction in under-five deaths during 1990 to 2015.India’s progress has been far better than the world’s, the global decline in the under-five mortality during the MDG period was 55%, the official said, adding the number of annual under-five deaths in India has gone below one million for the first time in 2016. Ensuring gender equity with an equal focus on boys and girls and addressing gaps in quality of care are now going to be the next frontiers for newborn survival. The issue of neglect of the girl child is much broader and needs interventions beyond health, to also address the social norms and cultural practices. UNICEF has come out with its maiden issue of rankings based on their newborn mortality rate (the number of deaths per 1,000 live births).Q. Where does India rank among all the countries in the world in terms of highest Infant Mortality Rates?

Q. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?1. Promotion of free trade and resource flows across countries2. Protection of intellectual property rights3. Managing a balanced trade between different countries4. Promotion of trade between the former East Bloc countries and the western worldSelect the correct answer by using the codes given below:Codes:a)1, 2, 3 and 4b)1 and 2c)2 and 3d)1 and 4Correct answer is option 'B'. Can you explain this answer?
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Q. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?1. Promotion of free trade and resource flows across countries2. Protection of intellectual property rights3. Managing a balanced trade between different countries4. Promotion of trade between the former East Bloc countries and the western worldSelect the correct answer by using the codes given below:Codes:a)1, 2, 3 and 4b)1 and 2c)2 and 3d)1 and 4Correct answer is option 'B'. Can you explain this answer? for Defence 2025 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Q. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?1. Promotion of free trade and resource flows across countries2. Protection of intellectual property rights3. Managing a balanced trade between different countries4. Promotion of trade between the former East Bloc countries and the western worldSelect the correct answer by using the codes given below:Codes:a)1, 2, 3 and 4b)1 and 2c)2 and 3d)1 and 4Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q. Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?1. Promotion of free trade and resource flows across countries2. Protection of intellectual property rights3. Managing a balanced trade between different countries4. Promotion of trade between the former East Bloc countries and the western worldSelect the correct answer by using the codes given below:Codes:a)1, 2, 3 and 4b)1 and 2c)2 and 3d)1 and 4Correct answer is option 'B'. Can you explain this answer?.
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