alleryThe WTO (World Trade Organization) aims at
Astopping all trade
Bfixing labour wages globally
Csubsidising agriculture in poor countries
Dliberalising international trade
Answer & Solution
Correct answer: D. liberalising international trade
1. WTO was established to set the rules for international trade.
2. It aims at liberalising trade by lowering barriers.
3. Founded in 1995, it succeeded GATT.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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