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  1. The World Trade Organisation (W.T.O) came into effect in
    1. 1990
    2. 1993
    3. 1995
    4. 1997
Correct Option: C

The World Trade Organization (WTO) that supervises and liberalizes international trade officially commenced on 1 January 1995 under the Marrakech Agreement. It replaced the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.


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