Q.  Which of the following is NOT TRUE about World Trade Organization (WTO)?

1. Established after the replacement of GATS in 1994, this organization is headquartered at New York and is headed by its Director General Pascal Lamy.
2. This International Organization deals with the rules of trade between the nations of the world.
3. The core functions of WTO includes, resolving trade disputes, administering WTO trade agreements, Monitoring the national trade policies, providing forum for trade negotiations.
4. All of the above are true.