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WBCS Preliminary Examination 2022 — General Studies · Question 114 of 200

Q114
Indian EconomyExternal Sector & International Organisations
Earlier name of WTO was
  1. a.UNCTAD
  2. b.GATT
  3. c.UNIDO
  4. d.OECD

Answer: (B) GATT

The World Trade Organization (WTO), established in 1995, succeeded the General Agreement on Tariffs and Trade (GATT). GATT was a multilateral trade agreement in force from 1948; the WTO formalised and expanded the global trade framework after the Uruguay Round of negotiations.