SAARC aims to promote the welfare of South Asian people (a-3). NAFTA (now USMCA) focuses on trade agreements including intellectual property rights (b-2). ASEAN aims to promote cooperative peace and shared prosperity among its member nations (c-1).
102
What is a primary objective of the World Trade Organization (WTO)?
The WTO serves as the primary international organization responsible for establishing and overseeing the rules of trade between nations. Its main objective is to facilitate the smooth, predictable, and free flow of trade by negotiating new trade policies, reducing barriers, and providing a platform for dispute resolution among member countries.
103
Which of the following categories are recognized as intellectual property eligible for legal protection under the WTO mandate?
The WTO's Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) covers various forms of IP. This includes copyright for software, music, and literature (1), geographical indications for products with specific origins (2), and industrial designs, trademarks, and patents for books and brands (4). Global positioning systems (GPS) are technological inventions that may be patented, but the specific list provided in option C aligns with standard TRIPS classifications.
104
What are the primary features of Trade-Related Investment Measures (TRIMS)?
TRIMS are WTO rules that apply to domestic regulations a country imposes on foreign investors. Key features include removing restrictions on investment areas (ii), eliminating constraints on dividend repatriation (iii), allowing free import of raw materials (iv), and removing caps on the extent of foreign equity participation (v). These measures aim to prevent trade-distorting investment policies.
105
Which of the following is a primary objective or procedure of the WTO to facilitate global trade?
The World Trade Organization (WTO) was established primarily to oversee international trade agreements and promote the liberalization of trade by reducing tariffs and non-tariff barriers, thereby fostering a global environment of free trade among member nations.
Source answer preserved: option D (All of the above). AI attempted to change protected answer data (option_a, option_b, option_c, option_d), so this item is flagged for manual review before study use.
107
Which of the following intellectual property categories is not explicitly covered under the TRIPS agreement?
The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) covers specific areas like copyrights, trademarks, patents, industrial designs, geographical indications, and layout designs of integrated circuits. Interior design is generally considered an aesthetic or architectural service and is not listed as a distinct category of intellectual property under the formal TRIPS framework.
108
Which of the following statements accurately describe the functions and operations of the World Trade Organization (WTO)?
The WTO is responsible for administering trade agreements, including the Trade Policy Review Mechanism (Statement 3), and maintains cooperative relationships with other international organizations like the IMF and World Bank (Statement 4). It does not initiate peace processes or avoid dispute settlement.
109
Which of the following was not a primary objective for the establishment of the International Monetary Fund (IMF)?
The IMF was established to ensure exchange rate stability and assist with short-term balance of payment deficits. The primary responsibility for post-war reconstruction was assigned to the World Bank (IBRD), not the IMF. Therefore, option B is the correct answer as it identifies a function outside the IMF's original mandate.
110
Which international organization replaced the General Agreement on Tariffs and Trade (GATT)?
The World Trade Organization (WTO) was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), aiming to provide a more robust framework for international trade negotiations and dispute resolution.
