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MCQs · Q8

Q.The World Trade Organisation (WTO) was established in the year:

(a) 1948
(b) 1991
(c) 1995
(d) 2001
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The World Trade Organisation was established on 1 January 1995, following the Uruguay Round of negotiations, replacing the earlier General Agreement on Tariffs and Trade (GATT), which had been in operation since 1948.

Checking each option:

  1. 1948 — this is the year GATT (the WTO's predecessor) came into existence, not the WTO itself.
  2. 1991 — this is the year India began its economic reforms (LPG), unrelated to the WTO's founding. …
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