UPSC 2002 › Indian Economy › International Trade & WTO

2 questions · 2002 · answers as per the UPSC key

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All years of International Trade & WTO · Full UPSC 2002 paper

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?

(a) 1, 2, 3 and 4
(b) 2, 3 and 4
(c) 1, 2 and 4
(d) 1 and 3
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Answer: (d) 1 and 3

India has the maximum volume of foreign trade with

(a) USA
(b) Japan
(c) Germany
(d) UAE
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Answer: (a) USA