Which of the following falls under the functions of the WTO?
A) It can restrict the membership of nations in other supranational organizations such as the United Nations.
B) It can grant loans to cash-strapped governments in poor nations.
C) It supercedes IMF and has complete authority over IMF's actions.
D) It can issue a ruling instructing a member-state to change trade policies that violate GATT regulations.
E) It can take decisions related to international trade without considering the collective interests of member-states.

Question

Quizplus · Accepted Answer

The function of the WTO is to enforce GATT regulations and to issue rulings to member-states to change any trade policies that violate these regulations. This is an important function as it ensures fair and non-discriminatory trade practices among nations. Options A, B, C, and E are all incorrect as they do not fall under the functions of the WTO.

Which of the Following Falls Under the Functions of the WTO