What is the main goal of the World Trade Organization (WTO)? MCQ with Answer and Explanation

Question
What is the main goal of the World Trade Organization (WTO)?
A. Protect cultural monuments
B. Ensure trade flows as smoothly and freely as possible
C. Improve global health
D. Provide military aid
Answer: Option B
Solution (By JKSSB Mock Tests)
The WTO facilitates trade agreements and resolves trade disputes.
This question belongs to: Static General Knowledge International Organizations
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Practice More International Organizations Questions

Question #1
The ‘Bretton Woods Conference’ (1944) led to the creation of:
A. FAO and WHO
B. WTO and UNCTAD
C. UNDP and UNICEF
D. IMF and World Bank
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Correct Answer: Option D

Explanation:
The Bretton Woods Conference established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank).
This question belongs to: Static General Knowledge International Organizations
Question #2
The IMF's 'Article IV Consultations' refer to:
A. Debt restructuring frameworks
B. Surveillance of member countries' economic policies
C. Bilateral trade negotiations
D. Emergency lending procedures
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Correct Answer: Option B

Explanation:
Under Article IV of its Articles of Agreement, the IMF holds regular consultations with member countries to assess economic and financial developments.
This question belongs to: Static General Knowledge International Organizations
Question #3
Which country currently holds the record for hosting the most G20 summits?
A. USA
B. Japan
C. Germany
D. Italy
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Correct Answer: Option A

Explanation:
The United States has hosted more G20 summits than any other single nation.
This question belongs to: Static General Knowledge International Organizations
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