International Trade Law Quiz 1

Which of the following according to you is not an objective of WTO?

• entering into reciprocal and mutually advantageous arrangements directed to the substantial reduction of tariffs and other barriers

• achieving greater coherence in global economic policy-making

• optimal use of the world's resources in accordance with sustainable development

• develop an integrated, more viable and durable multilateral trading system encompassing the General Agreement on Tariffs and Trade

What according to you is the one most important function of WTO and why?

One of the functions of WTO is review of trade policies being conducted by the TPRB. What is the frequency of reviews for Least Developed countries?

• 2 years

• 4 years

• 6 years

• 8 years

When we look at the origin of WTO, what is the significance of the time period from 1990-1994?

According to you, which of the following is a reason for countries to enter into international trade agreements?

• Imposition of restrictions

• Involvement of higher risk

• Separation of buyer and seller

• Patterns of specialization

Free trade leads to fair trade. In your opinion, is the said statement correct?

What are kinds of agreements which are not administered by the WTO?

• Bilateral Agreements

• Plurilateral agreements

• Multilateral Agreements

• Agreement on Agriculture

Which of the following Plurilateral Agreement is in force currently?

• International Bovine Meat Agreement

• Information Technology Agreement

• International Dairy Agreement

• Agreement on Trade-Related Aspects of Intellectual Property Rights

Which are the current types of members in the WTO?

What is the full form of SPS?

(a)