Which organization is tasked with administering trade rules and settling disputes among member countries?

• A. World Bank
• B. United Nations Development Programme
• C. World Trade Organization
• D. International Monetary Fund

Answer: (C)

Trade rules are administered and disputes resolved by the World Trade Organization. The WTO creates and enforces the set of trade agreements that member countries commit to, and it runs a formal dispute settlement system where members can bring concerns, have panels review them, and obtain binding rulings. This structure keeps trade rules consistent and decisions are binding, with the possibility of authorized remedies if a country does not comply. The other organizations focus on different areas: the World Bank provides development financing and technical help, the United Nations Development Programme supports development and governance initiatives, and the International Monetary Fund deals with macroeconomic stability and financial crises rather than trade governance and dispute resolution.