2001 General Studies, all questions

UPSC Prelims 2001 · General Studies

Question 99: Economy and Social Development

The earlier name of WTO was

aUNCTAD
bGATT
cUNIDO
dOECD

AnswerThe answer is (b).

The WTO replaced the General Agreement on Tariffs and Trade (GATT) on 1 January 1995, following the Uruguay Round. GATT was a set of rules and a forum for tariff negotiation; the WTO is a permanent organisation with legal standing, its own dispute settlement body and coverage of services and intellectual property as well as goods. Remember GATT 1947, WTO 1995.

Why each option is right or wrong
  • (a) UNCTAD is a separate UN body on trade and development.
  • (b) Right: GATT.
  • (c) UNIDO is a UN body for industrial development.
  • (d) The OECD is a grouping of developed economies.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2001, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.