Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q40 (IAS/1996) International Relations & Global Affairs › International Organisations & Groupings › International trade regimes Answer Verified

Which of the following were the aims behind the setting up of the World Trade Organization (WTO) ? I. Promotion of free trade and resource flows across countries. II. Protection of intellectual property rights. III. Managing balanced trade between different countries. IV. Promotion of trade between the former East Block countries and the western world. Select the correct answer by using the codes given below : Codes :

Result
Your answer: —  ·  Correct: B
Explanation

The WTO was created to promote liberalised, free and fair international trade and to set rules for the global trading system, including coverage of goods, services and related issues such as intellectual property rights [1]. The Uruguay Round led to the incorporation of TRIPS within the WTO framework, explicitly aiming to promote effective protection of intellectual property and reduce trade distortions related to IPRs [2]. By contrast, the WTO’s mandate is not to manage “balanced trade” between countries as a primary objective, nor was it established specifically to foster trade between former Eastern Bloc and Western countries. Therefore only I and II correctly reflect WTO’s establishment aims.

Sources

  1. [1] FUNDAMENTALS OF HUMAN GEOGRAPHY, CLASS XII (NCERT 2025 ed.) > Chapter 8: International Trade > World Trade Or rade Organisation > p. 74
  2. [2] https://www.wto.org/english/tratop_e/trips_e/intel2_e.htm
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
50%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

CDS-I · 2003 · Q67 Relevance score: 1.94

Which one of the following sequences is in correct chronological order that ultimately lead to the setting up of the World Trade Organisation (WTO)?

CDS-II · 2014 · Q51 Relevance score: 1.40

Consider the following statements relating to the World Trade Organization (WTO): 1. The WTO deals with the global rules of trade between nations. 2. The goal of the WTO is to help producers of goods and services, exporters, and importers conduct their business, 3. The WTO, which is a successor body of the General Agreement on Tariffs and Trade, came into being following the Uruguay Round of Negotiations. 4. The WTO distances itself in framing of rules on trade in. intellectual property rights. Which of the statements given above are correct ?

CDS-I · 2015 · Q95 Relevance score: -2.08

Which of the following statements is not true ?

IAS · 2002 · Q22 Relevance score: -2.43

Consider the following statements: 1. The World Intellectual Property Organisation (WIPO) is a specialised agency of United Nations System of Organisations 2. WIPO has its headquarters at Rome 3. The Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement is binding on all WTO members 4. Least developed country members of WTO are not required to apply the provisions of TRIPS Agreements for a period of 20 years from the general date of application of the Agreement Which of these statements are correct?