Question

Consider the following statements
A) GATT was succeeded by the World Trade Organization in the year 1995.
B) Headquarters of WTO are in Doha.
C) World Intellectual Property Organization is a specialized agency of WTO.
Which of the statement(s) given above is/are corect?

• A. (B) and (C) only
• B. (A) and (B) only
• C. (A) only
• D. (A), (B) and (C)

Answer 1

The Correct Option is C

The General Agreement on Tariffs and Trade (GATT) was an international treaty established to promote international trade by reducing or eliminating trade barriers such as tariffs and quotas.
GATT was signed on October 30, 1947, by 23 nations during a conference in Geneva, Switzerland. It came into effect on January 1, 1948.

The correct option is (C): (A) only