Question

Which of the following benefits are likely to accrue to India from the World Trade Organisation?

1. India’* share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 AD.

2. It will help boost exports of agricultural commodities from India.

3. India’* share in the world trade is likely to triple by the year 2000 A.D.

(a) 1, 2 and 3 (b) 1 and 3 (c) 1 and 3 (d) 2 and 3

Answer 1

(d) World Trade Organization is attempting to lower trade barriers across nations. Hence export of all member nations will go up.