Question

The prime purpose of WTO is to promote:

• A. Financial Support
• B. Global Peace
• C. Unilateral Trade
• D. Multilateral Trade

Hint:

WTO rules apply across many member countries together, not to one country acting alone.

Answer 1

The Correct Option is D

The World Trade Organization, or WTO, came into existence in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). Its headquarters are in Geneva, Switzerland, and it currently has more than 160 member countries.

The core purpose of the WTO is to provide a common set of rules for trade between nations, so that goods and services can move across borders smoothly and disputes can be settled through an established process rather than through unilateral action. This system is built around multilateral trade, meaning agreements and rules that apply across many countries at once rather than deals between just two nations.

Financial support and global peace are goals pursued by other institutions such as the World Bank, IMF, and the United Nations, not the primary mandate of the WTO. Unilateral trade, which means one country acting on its own without shared rules, is actually the opposite of what the WTO tries to achieve.

The correct answer is option 4, Multilateral Trade.