What is the primary objective of the World Trade Organization's 'Most-Favoured-Nation' (MFN) principle? MCQ with Answer and Explanation

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What is the primary objective of the World Trade Organization's 'Most-Favoured-Nation' (MFN) principle?

A. To eliminate all import tariffs globally

B. To restrict trade with non-member countries

C. To ensure non-discriminatory trade between member countries

D. To provide special treatment to developing nations

Answer: Option C

Solution (By JKSSB Mock Tests)

The MFN principle ensures that a country provides the same trade concessions to all WTO members as it does to its most-favoured trading partner.

This question belongs to: Static General Knowledge International Organizations

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Question #1

Which of the following statements about the G20 is correct?

A. It includes only the world’s richest nations

B. Its membership is fixed at 20 countries without EU

C. It consists of 19 countries and the European Union

D. India is not a permanent member

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Correct Answer: Option C

Explanation:
The G20 comprises 19 individual countries (including India) plus the European Union, representing the world’s major economies.

This question belongs to: Static General Knowledge International Organizations

Question #2

Which organization is responsible for the 'Human Development Index' (HDI)?

A. UNESCO

B. UNDP

C. World Bank

D. IMF

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Correct Answer: Option B

Explanation:
The United Nations Development Programme (UNDP) publishes the annual Human Development Report, which features the HDI.

This question belongs to: Static General Knowledge International Organizations

Question #3

When was the World Health Organization (WHO) founded?

A. 1948

B. 1950

C. 1960

D. 1945

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Correct Answer: Option A

Explanation:
The WHO was established on April 7, 1948, which is now celebrated as World Health Day.

This question belongs to: Static General Knowledge International Organizations

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