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What is the basic function of the World Trade Organisation?


The basic functions of W.T.O. are as under.

1. To look after the promotion of free and fair trade amongst nations.

2. It sets the rules for the global trading system and resolves the dispute between its member nations.

3. It deals with the global rule of trade between nations. It also covers trade in services such as telecommunication and banking and other issues.
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Which one of the following South American nation, is a part of OPEC?

  • Brazil

  • Chile

  • Venezuela

  • Peru


Which one of the following continents has the maximum flow of global trade?

  • Asia

  • North America

  • Europe

  • Africa


Most of the world’s great ports are classified as:

  • Naval ports

  • Oil ports

  • Comprehensive Ports

  • Industrial Ports


In which of the following trade blocs is India an associate member?

  • SAFTA

  • OECD

  • ASEAN

  • OPEC


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