Question : The World Trade Organisation (WTO) was earlier known as:
Option 1: GATT
Option 2: UNICEF
Option 3: UNCTAD
Option 4: FAO
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Correct Answer: GATT
Solution : The correct option is - GATT
An intergovernmental body that controls global trade is the World Trade Organization (WTO). After 123 countries agreed to the Marrakesh Agreement on April 15, 1994, the General Agreement on Tariffs and Trade (GATT), which had been in effect since 1948, was replaced by the WTO on January 1st, 1995.
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