Question:

Read the following statements - Assertion and Reason (R). Choose the correct alternative given below: Assertion : World Trade Organization (WTO) is expected to establish the rule-based trading regime, to avoid unilaterally placed arbitrary restrictions by member nations. Reason (R): It is imperative to enlarge world production and ensure optimum utilization of world resources along with environmental protection.

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The WTO fosters international trade by ensuring rules-based, non-discriminatory, and transparent policies among member nations.
Updated On: Feb 19, 2025
  • Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
  • Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
  • Assertion (A) is true, but Reason (R) is false.
  • Assertion (A) is false, but Reason (R) is true.
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The Correct Option is A

Solution and Explanation

Evaluating the Assertion:
- The WTO aims to create a fair and transparent global trading system, preventing arbitrary trade restrictions imposed by member nations. Evaluating the Reason:
- The objective of WTO aligns with global economic expansion and sustainable resource utilization, ensuring fair trade while maintaining environmental sustainability. Conclusion: Since the reason correctly explains the assertion, the correct answer is \( \mathbf{(A)} \).
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