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Which among the following statements is ...

Which among the following statements is / are true with regard to WTO membership ?
1. All WTO members automatically receive the most favoured nation status.
2. Over 75% of WTO members are from developing countries , WTO membership allows them access to developed markets at the lower tariff.
Select the correct answer using the codes given below.

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

Text Solution

Verified by Experts

The correct Answer is:
B
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