Q.The World Trade Organisation (WTO) was established in the year:
(A) 1944
(B) 1947
(C) 1995
(D) 2001

The WTO's establishment date is one of the most basic facts tested in this chapter, and it is easy to confuse with GATT's founding year.

GATT itself started in 1947 and functioned provisionally for nearly five decades before being replaced by a proper institution.

This question tests the founding date of the WTO, which students commonly confuse with GATT's founding year because the two are closely related.

Option (A) 1944 is incorrect — that is the year the Bretton Woods Conference created the World Bank and the IMF, not the WTO.

Option (B) 1947 is incorrect — that is the year GATT (the General Agreement on Tariffs and Trade) was signed; GATT operated provisionally for nearly fifty years before being replaced.

Option (C) 1995 is correct — the WTO was established on 1 January 1995 as GATT's successor, with its headquarters in Geneva, Switzerland.

Option (D) 2001 is incorrect and does not correspond to any of the founding dates covered in this chapter.

Students frequently mix up the WTO's 1995 founding with GATT's 1947 founding, or with the World Bank/IMF's shared 1944 founding, because all these dates appear together in the same chapter. Always anchor each date to its specific institution: 1944 = Bretton Woods (World Bank and IMF), 1947 = GATT, 1995 = WTO.