With reference to the World Trade Organisation (WTO), consider the following statements : I. Its headquarters are located in Geneva, Switzerland. II. As of December 2024, it has 166 member countries. III. India is a founding member of the organisation. IV. It was established in 1945 along with the United Nations system. Which of the statements given above are correct?
WTO Statements Analysis
An examination of the provided statements concerning the World Trade Organisation (WTO).
Statement I: Headquarters Location
The WTO's main offices are situated in Geneva, Switzerland. This statement is accurate.
Statement II: Member Countries Count
The question posits that as of December 2024, the WTO has 166 member countries. This statement is considered correct within the context of this question.
Statement III: India's Founding Membership
India is recognized as a founding member of the WTO, having been instrumental in establishing the organization. This statement is true.
Statement IV: Establishment Year
This statement claims the WTO was established in 1945 along with the United Nations. While the UN originated in 1945, the WTO was officially created on January 1, 1995. Thus, this statement is factually incorrect.
Identifying Correct Statements
Summary of the statements' validity:
- Statement I: Correct (Geneva HQ)
- Statement II: Correct (Member count as per question context)
- Statement III: Correct (India founding member)
- Statement IV: Incorrect (Established 1995, not 1945)
The statements identified as correct are I, II, and III.
Important Questions from International Economic Organisations & India
- As per IMF's ‘World Economic Outlook' – April 2025, India's nominal GDP in 2025 will be US $____________ trillion.
- The 13th World Trade Organisation's Ministerial Conference (MC-13) was held in ____________.
- Which of the following countries had greater share than India in the global services export in 2023?
- The Global Financial Stability Report is released by which among the following?
1. International Monetary Fund
2. World Economic Forum
3. World Bank
Select the correct answer from the code given below: The basic foundation of global economic governance in the post second World War was laid by various institutional frameworks. Which of the following combinations is correct?
a) IMF, World Bank, GATT
b) IMF, World Bank, Asian Development Bank
c) World Bank, GATT, BRICS
d) Asian Development Bank, IMF, IBRD
Options:
