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Banking Awareness Quiz - WTO

Published on Tuesday, September 15, 2015
Banking Awareness Quiz for today :-
Q1. WTO stands for:
a) World Territory Organization
b) World Trade Organization
c) World Task Organization 
d) None of The Above

Q2. The WTO began life on _______:
a) 1 January, 1994
b) 1 January, 1995
c) 1 January, 1996
d) None of The Above

Q3. You heard about the term "GATT". The term "GATT" stands for:
a) General Agreement on Tariffs, Tradition and Trade
b) Global Agreement on Tradition and Trade
c) General Agreement on Tariffs and Trade 
d) None of The Above

Q4. GATT was signed by 23 nations in Geneva on October 30, 1947 and took effect on______:
a) 1 January, 1949
b) 1 January, 1948
c) 1 December, 1947
d) None of The Above

Q5. The WTO replaced GATT as the world's global trading body in _____:
a) 1994
b) 1995
c) 1996
d) None of The Above

Q6. The trading regulations of GATT were established between ______and _____:
a) 1947 and 1994
b) 1947 and 1995
c) 1946 and 1996
d) None of The Above

Q7. The second WTO ministerial meeting held in ______in May 1998 included a celebration of the 50th anniversary of the system:
a)  Geneva
b) Washington, D.C.
c) Nairobi 
d) None of The Above

Q8. The last and largest GATT round, was the _____round:
a) Tokyo Round
b) Geneva Round
c) Uruguay 
d) None of The Above

Q9. Headquarter of GATT was:
a) Geneva, Switzerland 
b) Nairobi, Kenya
c) Amsterdam, Netherlands
d) None of The Above

Q10. Now, headquarter of WTO is located at:
a) Washington. D.C.
b) Geneva, Switzerland
c) Willington, New Zealand
d) None of The Above

Q11.  Which among the following is the main pillars for the WTO:
a) Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS)
b) General Agreement on Trade in Services
c) Both of The Above
d) None of The Above

Q12. Which among the following is not an agency of United Nations:
a) International Monetary Fund
b) International Bank for Reconstruction and Development 
c) World Trade Organization 
d) None of The Above

Q13. Which among the following are the functions of WTO:
a) implementation of trade related rules
b) dispute settlement between trading countries 
c) provide guidelines, rules and regulation regarding trade worldwide
d) All of The Above
e) None of The Above

Q14. ______is current and sixth director general of WTO:
a)  Jim Yong Kim
b) Roberto Azevedo 
c) Christine Madeleine Odette Lagarde 
d) None of The Above

Q15. The number of member nations of WTO as on April, 2015 were:
a) 161
b) 151
c) 171
d) None of The Above

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