Step 1: Understanding the question.
This question is asking about the establishment year of the World Trade Organization (WTO). WTO was established on January 1, 1995, replacing the General Agreement on Tariffs and Trade (GATT).
Step 2: Analyzing the options.
(A) 1948: This is incorrect, as the WTO was established in 1995.
(B) 1995: Correct — The WTO was established in 1995 to promote international trade.
(C) 2000: This is incorrect, as the WTO was established earlier, in 1995.
(D) 2005: This is incorrect, as the WTO was formed much earlier than 2005.
Step 3: Conclusion.
The correct answer is (B) 1995, as the WTO was established in that year.