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In Part 8 of the Business Environment unit, this lecture focuses on the World Trade Organization (WTO)—one of the most important and repeatedly asked topics in UGC NET / JRF Commerce (Paper 2). The lecture is taught with conceptual clarity, PYQ mapping, and deep exam-oriented analysis, so that students can easily understand agreements, functions, and tricky MCQ patterns related to WTO. 🔹 Topics Covered in This Lecture: ✔ World Trade Organization (WTO): Meaning ✔ Objectives & Functions of WTO ✔ Agreement on Agriculture (AoA) ✔ General Agreement on Trade in Services (GATS) ✔ Trade-Related Aspects of Intellectual Property Rights (TRIPS) ✔ Trade-Related Investment Measures (TRIMS) ✔ PYQ-based discussion & exam-focused approach 🎯 Teaching Approach: Previous Year Question (PYQ) Mapping Simple explanation of complex WTO agreements Focus on UGC NET MCQ framing Highlighting most scoring areas 👩🎓 Who Should Watch This Video? UGC NET Commerce aspirants JRF-target students Students confused in WTO agreements Learners completing Business Environment systematically 📌 This lecture will help you: Master WTO & its agreements Avoid confusion between GATS, TRIPS & TRIMS Answer theory + assertion-reason questions confidently Strengthen your Business Environment preparation 👉 Watch till the end and revise with notes for maximum benefit.