Question

Choose the correct option from the following related to World Trade Organisation (WTO).

• A. The General Agreement on Tariffs and Trade (GATT) was its predecessor
• B. 149 countries were its members as of 2016
• C. India became its member in 1984
• D. Its headquarters is located in New York

Hint:

International trade facilitates the exchange of goods and services that are not readily available locally, making it beneficial for all nations involved.

Answer 1

The Correct Option is A

International trade is indeed mutually beneficial to nations, as it allows countries to obtain goods and services they cannot efficiently produce themselves. This benefit arises through trade partnerships, where countries exchange resources, technology, and expertise.
The reason provided is also correct: international trade helps countries obtain the needed items from other countries. Thus, the relationship between the assertion and reason is valid. The reason provides an explanation for why international trade is mutually beneficial. Thus, the correct option is (A) Both (A) and (R) are true and (R) is the correct explanation of (A).