IBPS PO General Awareness: International Trade and Organisations questions with solutions

Q1. When did the World Trade Organisation come into force?

1. 2nd January, 1948
2. 1st January, 1995
3. 12th January, 1948
4. 15th January, 1946

Answer: 1st January, 1995

The World Trade Organisation (WTO) was established to regulate international trade and came into force on 1 January 1995. It replaced the General Agreement on Tariffs and Trade (GATT) as the main multilateral trade body.