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4 Present membership of WTO is around _______ countries : (updated)
(a) 135
(b) 164
(c) 180
(d) 184

5 WTO was formed in ______:
(a) 1990
(b) 1991
(c) 2000
(d) 1995
6 The other name of World Bank is :
(a) IDA
(b) IFC
(c) IBRD
(d) All of these

7 In the question given below, there are two statements marked as Assertion (A)
and Reason (R). Read the statements and choose the correct option:
Assertion : WTO’s rules are not favourable for developing countries.
Reason : Though WTO is supposed to allow free trade for all, in practice, it is seen
that the developed countries have unfairly retained trade barriers. On the other hand,
WTO rules have forced the developing countries to remove trade barriers.
(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true, but R is not the correct explanation of A.
(c) A is correct, but R is wrong.
(d) A is wrong, but R is correct.

8 Developing countries are, therefore, asking the developed country governments, “We
have reduced trade barriers as per WTO rules. But you have ignored the rules of WTO
and have continued to pay your farmers vast sums of money. You have asked our
governments to stop supporting our farmers, but you are doing so yourselves.
Analyse the situational information given above and choose the option that best
shows what the government of developing countries should voice their demand
for:
a) Privatisation
b) Liberalisation
c) Globalisation
d) Need for a fair terms of trade