Question

An international organisation which sets the rules for global trade?

• A. WTO
• B. World Bank
• C. WHO
• D. UNICEF

Hint:

The WTO is the primary institution responsible for regulating international trade and ensuring that global trade adheres to set rules.

Answer 1

The Correct Option is A

Step 1: Understanding the role of the WTO.
The World Trade Organization (WTO) is the global international organization that sets the rules for international trade. It governs the rules of trade between nations, aiming to ensure that trade flows smoothly, predictably, and freely.
Step 2: Analysis of options.
- (1) WTO: This is the correct answer. The WTO is responsible for setting the rules for global trade.
- (2) World Bank: The World Bank provides financial assistance for development projects but does not set rules for global trade.
- (3) WHO: The World Health Organization focuses on global health issues, not global trade.
- (4) UNICEF: UNICEF is concerned with children's rights and welfare, not global trade rules.
Step 3: Conclusion.
The correct answer is (1) WTO.