Q.Expand WTO and state the year in which it was established.

The WTO came into existence on 1 January 1995, so the answer is (c).

The World Trade Organisation (WTO) is the main body regulating international trade among nations. It was set up as the successor to GATT (General Agreement on Tariffs and Trade) following the Uruguay Round negotiations.

Key fact:

• The WTO began functioning on 1st January 1995 with its headquarters at Geneva, Switzerland.

• The other dates (1994, 1996, 1997) do not mark its establishment.

The headquarters of the World Trade Organisation (WTO) is located at Geneva, so the correct option is (a).

The facilitators of international business chapter in the Tamil Nadu HSC Commerce syllabus covers the WTO as the body that frames and enforces the rules of world trade.

• The World Trade Organisation (WTO) was established in 1995 (succeeding GATT) and has its headquarters in Geneva, Switzerland.

• New York, Brazil and London are not the location of the WTO's head office.

The correct answer is (c) 1-1-1995. The World Trade Organisation was established on 1st January 1995.

In the Tamil Nadu HSC Commerce syllabus, the WTO is studied as a key facilitator of international business:

• The General Agreement on Tariffs and Trade (GATT) governed world trade from 1948.
• Following the Uruguay Round of negotiations, the World Trade Organisation (WTO) was created and came into effect on 1st January 1995, replacing GATT.
• Its headquarters are in Geneva, Switzerland, and its role is to frame rules for trade, reduce trade barriers, and settle trade disputes between member nations.

The other dates (1994, 1996, 1997) are incorrect for the WTO's establishment.