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Q.

Which organisation looks after the liberalisation of foreign trade?


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a

WTO

b

MNC

c

RBI

d

Commercial bank 

answer is A.

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Detailed Solution

WTO (World Commerce Organization) is a major international organisation of trade. Global trade liberalisation is its primary objective. It creates its own set of regulations for the nations participating in international commerce and ensures that everyone abides by them. Although the WTO aims to promote global interaction, it is evident that certain affluent countries have unfairly kept trade barriers in place. It is also in charge of resolving any conflicts that may arise between nations and promotes the idea of peace for all WTO members. This organisation includes several countries, including the USA, India, and others.
 
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