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UPSC 2020 › Indian Economy › International Trade & WTO

2 questions · 2020 · answers as per the UPSC key

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UPSC 2020 · Q56 · Indian Economy › International Trade & WTO · Save

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 :

(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (c) 1 and 3 only
UPSC 2020 · Q64 · Indian Economy › International Trade & WTO · Save

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 ?

(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3
Show answer
Answer: (b) 2 only