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International Trade & WTO

39 questions in Indian Economy.

Asked in 2026, 2024, 2023, 2020, 2019, 2018, 2017, 2016, 2015, 2011, 2010, 2006, 2005, 2004, 2003, 2002

2026 · Q39Indian EconomyInternational Trade & WTOdifficult

Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri Silk in the global textile industry ? 1. It allows Indian exporters to compete in high-end markets that prioritise chemical-free products. 2. It confirms that Eri Silk meets international safety, environmental, and quality standards, enabling its entry into premium eco-conscious markets. Select the answer using the code given below :

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2

2023 · Q88Indian EconomyInternational Trade & WTOmoderate

Consider the following statements : Statement–I : India accounts for 3·2% of global export of goods. Statement–II : Many local companies and some foreign companies operating in India have taken advantage of India's 'Production-linked Incentive' scheme. Which one of the following is correct in respect of the above statements?

  1. (a)Both Statement–I and Statement–II are correct and Statement–II is the correct explanation for Statement–I
  2. (b)Both Statement–I and Statement–II are correct and Statement–II is not the correct explanation for Statement–I
  3. (c)Statement–I is correct but Statement–II is incorrect
  4. (d)Statement–I is incorrect but Statement–II is correct
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Official answer(d) Statement–I is incorrect but Statement–II is correct

2020 · Q56Indian EconomyInternational Trade & WTOmoderate

With reference to Trade-Related Investment Measures (TRIMS), which of the following statements is/are correct ? 1. Quantitative restrictions on imports by foreign investors are prohibited. 2. They apply to investment measures related to trade in both goods and services. 3. They are not concerned with the regulation of foreign investment. Select the correct answer using the code given below :

  1. (a)1 and 2 only
  2. (b)2 only
  3. (c)1 and 3 only
  4. (d)1, 2 and 3
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Official answer(c) 1 and 3 only

2020 · Q64Indian EconomyInternational Trade & WTOmoderate

Consider the following statements : 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. “Textile and textile articles” constitute an important item of trade between India and Bangladesh. 3. In the last five years, Nepal has been the largest trading partner of India in South Asia. Which of the statements given above is/are correct ?

  1. (a)1 and 2 only
  2. (b)2 only
  3. (c)3 only
  4. (d)1, 2 and 3
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Official answer(b) 2 only

2017 · Q34Indian EconomyInternational Trade & WTOmoderate

With reference to the 'National Intellectual Property Rights Policy', consider the following statements : 1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement. 2. Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India. Which of the above statements is/are correct ?

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2

2011 · Q59Indian EconomyInternational Trade & WTOmoderate

With reference to the period of colonial rule in India, "Home Charges" formed an important part of drain of wealth from India. Which of the following funds constituted "Home Charges"? 1. Funds used to support the India Office in London. 2. Funds used to pay salaries and pensions of British personnel engaged in India. 3. Funds used for waging wars outside India by the British. Select the correct answer using the codes given below:

  1. (a)1 only
  2. (b)1 and 2 only
  3. (c)2 and 3 only
  4. (d)1, 2 and 3
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Official answer(b) 1 and 2 only

2010 · Q17Indian EconomyInternational Trade & WTOdifficult

In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a “Trade Mark” and a Geographical Indication is/are 1. A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right. 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only. Which of the statements given above is/are correct ?

  1. (a)1 only
  2. (b)1 and 2 only
  3. (c)2 and 3 only
  4. (d)1, 2 and 3
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Official answer(b) 1 and 2 only

2003 · Q104Indian EconomyInternational Trade & WTOmoderate

Assertion (A): The new EXIM Policy is liberal, market-oriented and favours global trade. Reason (R): GATT has played a significant role in the liberalisation of economy.

  1. (a)Both A and R are individually true and R is the correct explanation of A
  2. (b)Both A and R are individually true but R is NOT the correct explanation of A
  3. (c)A is true but R is false
  4. (d)A is false but R is true
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Official answer(c) A is true but R is false

2002 · Q22Indian EconomyInternational Trade & WTOmoderate

Consider the following statements: 1. The World Intellectual Property Organisation (WIPO) is a specialised agency of United Nations System of Organisations 2. WIPO has its headquarters at Rome 3. The Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement is binding on all WTO members 4. Least-developed country members of WTO are not required to apply the provisions of TRIPS Agreements for a period of 20 years from the general date of application of the Agreement Which of these statements are correct?

  1. (a)1, 2, 3 and 4
  2. (b)2, 3 and 4
  3. (c)1, 2 and 4
  4. (d)1 and 3
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Official answer(d) 1 and 3