New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which international organization is responsible for the

    regulation of international trade and settling disputes between member countries?
    A International Monetary Fund (IMF) Correct Answer Incorrect Answer
    B World Health Organization (WHO) Correct Answer Incorrect Answer
    C International Criminal Court (ICC) Correct Answer Incorrect Answer
    D World Trade Organization (WTO) Correct Answer Incorrect Answer

    Solution

    the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO plays a very vital role in resolving trade conflicts under the Dispute Settlement Understanding, for enforcing the rules and therefore for ensuring that trade flows smoothly. Governments bring disputes to the WTO if they think their rights under the WTO agreements are being infringed.

    Practice Next