Choose if the given statement is True/False.

The World Trade Organisation was founded on 1 January 1995.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The World trade organization is an international organization that was founded on 1st January 1995. The organization sets up rules and regulations globally to facilitate international trade. It operates the trading system globally and helps countries become economically developed. The policy of WTO is to do free trading without any barriers. It looks after all countries should obey the rules and regulations of trade among them. There are a total of 164 countries that are members of the WTO. It ensures to help its members adopt trade as a means of living, create employment and improve the standard of living.

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