GATT Full Form Explained
The question asks for the full form of GATT, an agreement established in 1948 to regulate world trade.
Analyzing GATT Options
Let's examine the provided options for the meaning of GATT:
- Option 1: Gradual Aggregate of Tariffs and Trade - This option uses 'Gradual Aggregate', which does not align with the official name.
- Option 2: General Agreement on Tariffs and Trade - This option correctly states the full form of GATT.
- Option 3: General Aggregate on Tariffs and Trade - This option incorrectly uses 'Aggregate' instead of 'Agreement'.
- Option 4: Gradual Agreement of Tariffs and Trade - This option incorrectly uses 'Gradual' instead of 'General'.
Conclusion on GATT Meaning
Based on the analysis, the correct expansion of GATT is General Agreement on Tariffs and Trade.
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