WTO & Trade — Set 5
World Organizations · WTO और व्यापार · Questions 41–50 of 50
Regarding India's status in the WTO, which of the following is true?
Correct Answer: C. India is not a member
India is one of the founding members of the WTO. It has been a member since the organization's inception on January 1, 1995. India had also been a founding member of the GATT in 1947.
Which round of negotiations led to the transformation of GATT into the WTO?
Correct Answer: D. Uruguay Round
The Uruguay Round was the 8th round of GATT negotiations, lasting from 1986 to 1994. It was the largest trade negotiation ever and resulted in the Marrakesh Agreement. This round significantly expanded the scope of international trade rules.
What is the typical term length for the Director-General of the World Trade Organization?
Correct Answer: A. Four years
The Director-General of the WTO is appointed for a four-year term. They can be reappointed for a second term if the members agree. The DG is responsible for supervising the WTO Secretariat and providing leadership to the organization.
How many official languages does the WTO use for its documentation and proceedings?
Correct Answer: B. Three (English, French, Spanish)
The WTO has three official languages: English, French, and Spanish. All official documents and meetings must be available in these three languages. This ensures effective communication among its diverse member nations.
The administrative body of the WTO, which consists of professionals who provide technical and legal support, is the?
Correct Answer: C. Secretariat
The WTO Secretariat is the permanent administrative body based in Geneva. It does not have decision-making power as the members themselves make the decisions. It provides essential support for negotiations and the settlement of disputes.
Decisions in the WTO are generally made by which of the following methods?
Correct Answer: D. Veto power of developed nations
The WTO continues the GATT tradition of making decisions by consensus. This means a decision is made if no member present formally objects to it. While voting is possible under certain rules, it is rarely used in practice.
As of recent years, approximately how many member nations belong to the World Trade Organization?
Correct Answer: A. 164
The WTO currently has 164 members, representing over 98% of world trade. Members include both sovereign states and separate customs territories like Hong Kong. New members must negotiate terms to join through an accession process.
Where did the first Ministerial Conference of the WTO take place in 1996?
Correct Answer: B. Singapore
The inaugural WTO Ministerial Conference was held in Singapore in December 1996. It established various working groups to look at new issues like investment and competition policy. These topics became known as the 'Singapore issues'.
The General Agreement on Tariffs and Trade (GATT) was signed in which year?
Correct Answer: C. 1947
GATT was signed by 23 nations in 1947 in Geneva. It was designed to provide a framework for international trade until a formal organization could be created. It remained the only global trade instrument for almost 50 years until the WTO was born.
Intellectual property rights under the WTO specifically include which of the following?
Correct Answer: D. Only physical property rights
The TRIPS agreement covers several types of intellectual property including patents, trademarks, and copyrights. It also protects industrial designs and trade secrets. This ensures that the creators of ideas and artistic works are protected across borders.