UPSC 1997 › Indian Economy › International Trade & WTO

3 questions · 1997 · answers as per the UPSC key

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All years of International Trade & WTO · Full UPSC 1997 paper

One of the important agreements reached in the 1996 Ministerial Conference of WTO relates to

(a) Commerce in Information Technology
(b) Multilateral Agreement on Investment
(c) Multi-fibre Agreement
(d) Exchange of Technical Personnel
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Answer: (a) Commerce in Information Technology

Match List I with List II

and select the correct answer by using the codes given below the lists:

List I (Commodities exported from India) — List II (Countries of destination) I. Iron-ore — A) Russia II. Leather goods — B) USA III. Tea — C) Japan IV. Cotton fabrics — D) UK E) Canada

(a) I-E, II-A, III-B, IV-C
(b) I-C, II-A, III-D, IV-B
(c) I-A, II-E, III-D, IV-C
(d) I-C, II-D, III-A, IV-B
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Answer: (b) I-C, II-A, III-D, IV-B

Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology.

Reason (R): The ideology of Socialism believes in universalism and globalism. In the context of the above two statements, which one of the following is correct?

(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true, but R is not a correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true
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Answer: (a) Both A and R are true and R is the correct explanation of A