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Q.

Mention if the given statement is true or false.

Only 120 countries are members of the World Trade Organisation.

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a

True

b

False

answer is B.

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Detailed Solution

The given statement is false.
The World Trade Organisation consists of 164 member countries as of July 2016. The World Trade Organisation was formed in 1995 to liberalise international trade. The World Trade Organisation has successfully eliminated trade barriers across countries and enabled a free environment for foreign exchange. The WTO also makes rules that govern international trade and ensures that these rules are followed.
The correct statement is, “The World Trade Organisation consists of 164 member countries.”

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