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Economy question from FAA exam, 2024 by JKSSB

'Agreement on Technical Barriers to Trade (TBT)' is related with which institution?

Last updated May 13, 2026
Correct Answer: Option C — World Trade Organization
The Agreement on Technical Barriers to Trade (TBT) is one of the core agreements administered by the World Trade Organization (WTO). It entered into force with the establishment of the WTO in 1995.

Purpose of the TBT Agreement:
Non-Discrimination: It ensures that technical regulations, standards, and testing and certification procedures do not create unnecessary obstacles to international trade.

Legitimate Objectives: While it recognizes a country's right to adopt standards for the protection of human, animal, or plant life, health, or the environment, it mandates that these measures should not be used as disguised protectionism.

Transparency: Member countries are required to notify each other of any new or changed technical regulations that could affect trade.

Why the other options are incorrect:
A: The World Bank focuses on long-term economic development and poverty reduction through loans and grants.

B: NITI Aayog is a policy think tank of the Government of India; it does not administer international trade treaties.

D: The World Economic Forum is an international non-governmental organization known for its annual meeting in Davos; it is not a rule-making body for global trade.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.

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JKSSB FAA 2024

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Exam JKSSB
Recruitment FAA
Year 2024
Subject Economy
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