aruzh

aruzh

1st Grade

12 Qs

quiz-placeholder

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aruzh

aruzh

Assessment

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Others

1st Grade

Practice Problem

Hard

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the World Trade Organization (WTO)?

To regulate national economic policies

To promote and facilitate international trade

To impose trade sanctions on non-compliant countries

To monitor domestic markets of member countries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When was the WTO established?

1945

1995

1980

2000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key function of the WTO?

Setting global tariffs on all goods

Enforcing international agreements on trade

Overseeing the distribution of foreign aid

Approving new trade alliances between countries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following trade principles is most associated with the WTO?

Protectionism

Free trade and non-discrimination

Quotas on imports

Export subsidies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "Most Favored Nation" (MFN) principle mean in the WTO context?

Countries must treat all other WTO members equally in trade agreements

The WTO allows countries to prioritize their most important trading partners

Countries can only trade with nations that offer the best economic deals

Countries can change trade terms based on geopolitical relations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of the WTO?

Facilitating the negotiation of trade agreements

Settling trade disputes between countries

Monitoring and reviewing national trade policies

Imposing mandatory tariffs on all trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following agreements is a significant part of the WTO framework?

The Paris Agreement on climate change

The General Agreement on Tariffs and Trade (GATT)

The North American Free Trade Agreement (NAFTA)

The World Health Organization’s (WHO) regulations

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