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Which of the following were the aims behind the setting up of the World Trade Organization (WTO)

Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?

I. Promotion of free trade and resource flows across countries.
II. Protection of intellectual property rights.
III. Managing balanced trade between different countries.
IV. Promotion of trade between the former East Block countries and the western world.

Select the correct answer by using the codes given below:

Codes :

(a)

I, II, III and IV

(b)

I and II

(c)

II and III

(d)

I and IV

Answer:

(b)

Explanation