MP Board · Class 11 · Business Studies · International BusinessWhat is the full form of WTO?
Step-by-Step Solution
WTO stands for World Trade Organization. It is the only global international organization dealing with the rules of trade between nations, functioning as a successor to GATT.
Detailed Options Breakdown
Option : World Trade Organization (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: World Tariff Organization
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 2: Worldwide Trade Operations
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 3: Web Trade Organization
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
💡 Study Guide: This question tests core syllabus concepts from International Business. For formulas, key summaries, and mock exam reference guides, read the full International Business Revision Notes.