Question : Which organization promotes globalization and facilitates international trade?
Option 1: United Nations (UN)
Option 2: World Trade Organization (WTO)
Option 3: International Monetary Fund (IMF)
Option 4: World Bank
Correct Answer: World Trade Organization (WTO)
Solution : The correct answer is (b) World Trade Organization (WTO)
The World Trade Organization (WTO) is the organization that promotes globalization and facilitates international trade.
The WTO encourages and facilitates the reduction of trade barriers, such as tariffs and quotas, and works to eliminate discriminatory practices in international trade. It promotes the principles of non-discrimination, transparency, and predictability in trade policies and practices among its member countries.
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