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Consider the following statements.
1. World Trade Organization (WTO) determines ‘developed’ and ‘developing’ countries based on its per capita GDP ratio.
2. WTO provides assistance to developing, least-developed and low-income countries in transition to adjust to WTO rules through technical cooperation and training.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements.1. World Trade Organization (WTO) de...
The rules of trade between nations.
2. WTO is responsible for settling trade disputes between member countries.
3. WTO promotes free trade by reducing trade barriers and tariffs.
4. WTO has the authority to enforce its decisions and impose penalties on member countries that do not comply with its rules.

Which of the statements are true?

1. True
2. True
3. True
4. True
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Consider the following statements.1. World Trade Organization (WTO) determines ‘developed’ and ‘developing’ countriesbased on its per capita GDP ratio.2. WTO provides assistance to developing, least-developed and low-income countries in transition to adjust to WTO rules through technical cooperation and training.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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