Consider the following statements with respect to World Trade Organisation (WTO):
- Member countries exercise voting rights as per their size of economy
- General Council is the topmost decision-making body of the WTO
- Council for TRIPS operates under Ministerial Conference
Which of the above statements is/are correct?
First statement is incorrect because member states have equal voting rights irrespective of their size of economy. Second statement is incorrect because the topmost decision-making body of the WTO is the Ministerial Conference, which usually meets every two years. Third statement is incorrect because Council for TRIPS operates under the general guidance of the General Council and not of Ministerial Conference.
This question is a part of GKToday's Integrated IAS General Studies Module