New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    The primary function of the General Agreement on Tariffs and Trade (GATT) has been to limit trade barriers and promote world trade through the:

    A establishment of an international Board of Commerce Correct Answer Incorrect Answer
    B explicit assessing of non-tariff trade barriers of services. Correct Answer Incorrect Answer
    C reduction of tariffs. Correct Answer Incorrect Answer
    D equalization of international quotas on manufactured goods. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    General Agreement on Tariffs and Trade was intended to limit trade barriers and promote world trade through the reduction of tariffs, which it did.

    Practice Next