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Q.

WTO was started at the initiative of:


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a

Developing countries

b

Developed countries

c

Underdeveloped countries

d

Poor countries  

answer is B.

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Detailed Solution

WTO (World Trade Organisation) was started at the initiative of developed countries. The main aim of the WTO is to liberalise international trade and encourage the removal of trade barriers.
The World Trade Organisation was established as the heir of GATT (General Agreement On Trade And Tariff). GATT was founded as the global trade organisation in 1948 with 23 nations to serve the multinational trade so that a fair chance be given to all the nations for international trade. The WTO replaced GATT in 1995, and it has 164 member countries.
 
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