Question

GATT (General Agreement on Tariffs and Trade) is

a.

international agreement signed in 1947 between non-communist nations with the object of encouraging international trade unobstructed by tariff barriers

b.

agreement which seeks to achieve its aim by arranging and encouraging bargaining with trade concessions between members

c.

both a and b

d.

None of the above

Answer: (c).both a and b

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Q. GATT (General Agreement on Tariffs and Trade) is

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