Out of the following, one is not related to WTOSelect one:a.TRIPSb.Ministerial Conferencec.TRIMSd.TRAI
Question
Out of the following, one is not related to WTO
Select one:
- a. TRIPS
- b. Ministerial Conference
- c. TRIMS
- d. TRAI
Solution
The answer is d. TRAI.
Here's why:
a. TRIPS (Trade-Related Aspects of Intellectual Property Rights) is an international legal agreement between all the member nations of the World Trade Organization (WTO).
b. The Ministerial Conference is the topmost decision-making body of the WTO.
c. TRIMS (Trade-Related Investment Measures) are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy.
d. TRAI (Telecom Regulatory Authority of India) is the independent regulator of the telecommunications business in India. It is not related to WTO.
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