WTO was established in:
Options
A1991
B1995
C2000
D1947
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International TradePYQ - Jan 2021 (Inter)Question 166 of 20
All Questions Correct Answer
✅ Option b — 1995
All Options:
- A1991
- B1995
- C2000
- D1947
About This Chapter: International Trade
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
Theories, Trade Policy, Exchange Rates
This chapter explores trade between nations — why countries trade, the theories of Absolute and Comparative Advantage, Balance of Payments, Exchange Rate systems (Fixed vs Flexible), and India's trade policy including tariffs, quotas, and WTO rules.
View Official ICAI SyllabusExam Strategy Tip
Understand Comparative Advantage theory thoroughly — it's the foundation of international trade. Also focus on the Balance of Payments structure and what causes deficits.
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