Subject: Economics
Book: Comprehensive Indian Economy - Additional Topics
India opted out of RCEP amid concerns about import surges (especially from China), farm sector vulnerability, and unresolved trade barriers. Critics say withdrawal might reduce market access for Indian exporters, while proponents claim it protects domestic manufacturing and ensures fair negotiations. Exams can ask about trade-offs: balancing integration with safeguarding sensitive sectors. Students should also evaluate alternative bilateral deals and how internal reforms can make Indian exports more competitive, mitigating reliance on broad FTAs.
What is the term for the price at which demand and supply in a market are equal?
View QuestionWhich of the following statements best defines Gross Domestic Product (GDP)?
View QuestionWhat is the objective of the Goods and Services Tax (GST)?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhat is the primary purpose of Special Economic Zones (SEZs)?
View QuestionWhat is meant by “credit rating”?
View QuestionWhich of the following is NOT a component of Aggregate Demand?
View QuestionWhat is the main aim of Public Distribution System (PDS) in India?
View QuestionWhich of the following is an example of a capital receipt for the government?
View QuestionWhat does “Laissez-faire” policy advocate?
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