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2024 · Q59Indian EconomyInternational Trade & WTOeasy

Consider the following statements : 1. India is a member of the International Grains Council. 2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat. Which of the statements given above 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(a) 1 only

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