Question : Which international organization played a significant role in promoting globalization in India?

 

Option 1: World Trade Organization (WTO)

Option 2: International Monetary Fund (IMF)

Option 3: World Bank

Option 4: United Nations (UN)


Recommended : Get important details about BEL First Grade College, Bangalore. Download Brochure
Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: World Trade Organization (WTO)


Solution : The correct answer is (a) World Trade Organization (WTO)

The World Trade Organization (WTO) played a significant role in promoting globalization in India. The WTO is an international organization that deals with global trade rules, negotiations, and dispute settlement. It aims to facilitate the smooth flow of goods, services, and investments across borders, promoting open and fair international trade.

The WTO provided a platform for India to engage in multilateral trade negotiations, resolve trade disputes, and benefit from increased market access for its products and services. The organization played a significant role in shaping India's trade policies, encouraging international trade, and promoting globalization by advocating for open markets and fair trade practices.

Compare Colleges

College Comparison based on Courses, Placement, Rank, Fee

Compare Now

Know More About

Related Questions

Parul University BBA Admissio...
Apply
India's youngest NAAC A++ accredited University | NIRF rank band 151-200 | 2200 Recruiters | 45.98 Lakhs Highest Package
UPES Dehradun | B.Com Admissi...
Apply
#41 in NIRF | 50 LPA Highest CTC, Ranked #1 in Academic Reputation in India by QS World University Rankings
UPES Dehradun BA Admissions 2025
Apply
Ranked #46 amongst Universities in India by NIRF | Ranked #1 in Academic Reputation in India by QS World University Rankings
UPES | BBA Admissions 2025
Apply
#41 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
Pearl Academy BBA 2025
Apply
No. 1 Design & Fashion Institute by ASSOCHAM, India Today, Outlook and The Week rankings
Woxsen University BBA (Hons.)...
Apply
AACSB, Business Graduates Association, AMDISA Member | Merit-Based Scholarships
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books