Official Answer Key & Detailed Solution
Ready to check the official UPSC Answer Key?
Click any option above to test yourself under exam conditions, or reveal the explanation directly.
Correct Answer: Option (B) — 1 and 2
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is correct: A primary goal of the WTO is the reduction of tariffs and non-tariff barriers to facilitate open, predictable, and free international trade.
- Statement 2 is correct: Under the TRIPS agreement, the WTO introduced enforceable multilateral rules for the protection of intellectual property rights.
- Statements 3 and 4 are incorrect: Managing bilateral trade balances is determined by macroeconomic factors and market mechanisms, not controlled or mandated by the WTO. The WTO promotes multilateral global trade universally, rather than focusing specifically on former Eastern Bloc and Western trade.
Practice Full-Length & Sectional Prelims Mocks on this Interface
50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.