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Consider the following statements:
A. The most favoured nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.
B. The WTO has been able to cover in its agreements the agriculture and textile sectors which are the principal concerns for the Least Developed countries.
C. GATT was replaced by World Trade Organisation in 1995.
D. The General Agreement on Tarifs and Trade (GATT) has regulated global trade since 1947.
Which of the above given statements is/are NOT true?
  • a)
    A only
  • b)
    B only
  • c)
    Both A and B
  • d)
    C only
  • e)
    D only
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:A. The most favoured nation princip...
The principal export goods for many developing countries are in agriculture and textiles, and these sectors are among the least comprehensively covered by the WTO's free trade agreements.
The World Trade Organisation (WTO) is the global body governing international trade. Member countries that do not have a free trade agreement with each other trade under WTO rules.
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Consider the following statements:A. The most favoured nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.B. The WTO has been able to cover in its agreements the agriculture and textile sectors which are the principal concerns for the Least Developed countries.C. GATT was replaced by World Trade Organisation in 1995.D. The General Agreement on Tarifs and Trade (GATT) has regulated global trade since 1947.Which of the above given statements is/are NOT true?a)A onlyb)B onlyc)Both A and Bd)C onlye)D onlyCorrect answer is option 'B'. Can you explain this answer?
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Consider the following statements:A. The most favoured nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.B. The WTO has been able to cover in its agreements the agriculture and textile sectors which are the principal concerns for the Least Developed countries.C. GATT was replaced by World Trade Organisation in 1995.D. The General Agreement on Tarifs and Trade (GATT) has regulated global trade since 1947.Which of the above given statements is/are NOT true?a)A onlyb)B onlyc)Both A and Bd)C onlye)D onlyCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Consider the following statements:A. The most favoured nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.B. The WTO has been able to cover in its agreements the agriculture and textile sectors which are the principal concerns for the Least Developed countries.C. GATT was replaced by World Trade Organisation in 1995.D. The General Agreement on Tarifs and Trade (GATT) has regulated global trade since 1947.Which of the above given statements is/are NOT true?a)A onlyb)B onlyc)Both A and Bd)C onlye)D onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:A. The most favoured nation principle under GATT provided that preferential trading agreements reached with one country should be extended to other countries.B. The WTO has been able to cover in its agreements the agriculture and textile sectors which are the principal concerns for the Least Developed countries.C. GATT was replaced by World Trade Organisation in 1995.D. The General Agreement on Tarifs and Trade (GATT) has regulated global trade since 1947.Which of the above given statements is/are NOT true?a)A onlyb)B onlyc)Both A and Bd)C onlye)D onlyCorrect answer is option 'B'. Can you explain this answer?.
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