Question

The policy of liberalisation entails the participation in the …….. which aims to bring about a more free international trading system. 
 

• A. WTO
• B. EPC
• C. WHO
• D. UNCTAD

Hint:

Always understand the mandates of different global bodies and their specific roles in the international arena.

Answer 1

The Correct Option is A

WTO (World Trade Organization): The World Trade Organization is a global body that aims to bring about a more free and open system of international trade between countries. It also plays an important role in implementing policies that facilitate trade and investment among nations.
EPC (Export Promotion Council): Export Promotion Councils are specific trade bodies in each country, focused on promoting exports of particular goods and commodities.
WHO (World Health Organization): The WHO’s role is in health policy making, standards setting, and other aspects related to health, not in trade policies.
UNCTAD (United Nations Conference on Trade and Development): UNCTAD works towards the development and integration of developing countries into the global economy, and not a policy that promotes liberalization by itself.