International Trading Organization Role
The question asks to identify the organization responsible for ensuring trade between countries is smooth and predictable.
WTO's Function in Global Trade
The World Trade Organization (WTO) is the primary international body that deals with the rules of trade between nations. Its main goal is to ensure that trade flows as smoothly, predictably, and freely as possible.
- The WTO provides a framework for negotiating trade agreements.
- It sets the rules for international commerce.
- It helps settle trade disputes between member governments.
Why Other Organizations Are Not the Primary Answer
While other international financial and development institutions play significant roles globally, their mandates differ from managing trade rules:
- World Bank: Focuses on reducing poverty and supporting development through loans and assistance.
- International Monetary Fund (IMF): Focuses on global monetary cooperation, financial stability, and facilitating international trade (indirectly by ensuring economic stability), but not managing trade rules directly.
- Bank for International Settlements (BIS): Serves as a bank for central banks, focusing on financial stability and cooperation among central banking authorities.
Therefore, the WTO is specifically responsible for smooth and predictable trading across nations.
Important Questions from World Organisations and Headquarters
Which of the following statements about the non-permanent members of the Security Council of the United Nations is/are correct?
1. Their total number is now 10, but was originally only 6.
2. They are elected for a term of two years only.
Select the correct answer using the code given below:
Where was the United Nations Charter signed by 51 original members of the United Nations?
Consider the following UN Declarations/Covenants :
1. Universal Declaration of Human Rights
2. Convention on the Elimination of Al Forms of Discrimination Against Women
3. International Covenant of Economic, Social and Cultural Rights
4. Convention on Refugees
Which one of the following is the correct chronological order (starting with the earliest) of the above?
Which of the following statements about the aims of the United Nations is/are true?
1. To foster a mutual appreciation of each other’s culture and literature among nations.
2. To achieve international co-operation in solving problems of an economic, social, cultural, or humanitarian character
3. To foster relations between scholars and academics in different countries
4. To organize international conferences
Select the correct answer using the code given below:Headquarters of the World Meteorological Organization is located in
