Indian Economy › International Trade & WTO – UPSC Prelims PYQs

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 :

Consider the following statements : 1. 2. rice and wheat.

Which of the statements given above is/are correct ?

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?

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.

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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 ?

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

India enacted The Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to

Consider the following countries :

1. Australia
2. Canada
3. China
4. India
5. Japan
6. USA

Which of the above are among the 'free-trade partners' of ASEAN ?

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 ?

Consider the following statements :

1. India has ratified the Trade Facilitation Agreement (TFA) of WTO.
2. TFA is a part of WTO's Bali Ministerial Package of 2013.
3. TFA came into force in January 2016.

Which of the statements given above is/are correct ?

In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news?

The term 'Regional Comprehensive Economic Partnership' often appears in the news in the context of the affairs of a group of countries known as

The terms ‘Agreement on Agriculture’, ‘Agreement on the Application of Sanitary and Phytosanitary Measures’ and ‘Peace Clause’ appear in the news frequently in the context of the affairs of the

“A closed economy” is an economy in which

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:

In the context of the affairs

of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently ?

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 ?

The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :

1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.

Which of the above are the objectives of this Act ?

As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with?

Consider the following statements:

1. The agreement on South Asian Free Trade Area (SAFTA) came into effect from 1st December 2005.
2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 % to 5 % by the year 2013.

Which of the statements given above is/are correct?

For which one of the following items is Tirupur well-known as a huge exporter to many parts of the world?

Assertion (A): India does not export natural rubber.

Reason (R): About 97 % of India's demand for natural rubber is met from domestic production.

Consider the following statements

1. India’s import of crude and petroleum product during the year 2001-02 accounted for about 27% of India’s total imports.
2. During the year 2001-02, India’s exports had increased by 10% as compared to the previous year

Which of these statements is/are correct?

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.

Among the following commodities imported by India during the year 2001-02, which one was the highest in terms of Rupee value?

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?

India has the maximum volume of foreign trade with

The earlier name of WTO was

Consider the following statements: The Ministerial Meeting of the WTO held in December 1999 was unsuccessful because it attempted to link trade with

1. Labour related issues.
2. Environment related issues.
3. Terrorism related issues.
4. Debt related issues.

Which of these statements are correct?

Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

The economist who was associated with the WTO draft document is

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

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

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?

Assertion (A): An important policy instrument of economic liberalization is reduction in import duties on capital goods.

Reason (R): Reduction in import duties would help the local entrepreneurs to improve technology to face the global markets. In the context of the above two statements, which one of the following is correct?

The emerging trading blocs in the world, such as NAFTA, ASEAN and the like, are expected to

Which of the following were the aims behind the setting up of the World Trade Organization (WTO)? I. Promotion of free trade and resource flows across countries. II. Protection of intellectual property rights. III. Managing balanced trade between different countries. IV. Promotion of trade between the former East Bloc countries and the western world.

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Which one of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East?

Consider the following items imported by India: I. Capital goods II. Petroleum III. Pearls and precious stones IV. Chemicals V. Iron and Steel The correct sequence of these items (as per 1994-95 figures) in decreasing order of value is —

Which of the following benefits are likely to accrue to India from the World Trade Organisation? I. India’s share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 A.D. II. It will help boost exports of agricultural commodities from India. III. India’s share in the world trade is likely to triple by the year 2000 A.D.

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The new Exim Policy announced in 1992 is for a period of