Subject: Economics
Book: Comprehensive Indian Economy
The WTO sets multilateral trade rules, resolving disputes and reducing barriers. India, a founding member, balances developing-country interests with progressive liberalization. Key issues revolve around agricultural subsidies, intellectual property rights, and e-commerce rules. Understanding the Doha Development Agenda and India’s stance on public stockholding for food security is crucial for mains. Additionally, note preferential trade agreements (RCEP, EU-FTA) and how they differ from full-fledged WTO obligations. Exam questions may probe how India navigates global trade tensions or uses “special and differential treatment” provisions to safeguard domestic sectors.
What does the term “national income” refer to?
View QuestionWhich of the following best describes “capital formation”?
View QuestionWhat does “primary sector” of the economy include?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat is a “repo rate”?
View QuestionWhat is the main aim of the “Startup India” initiative?
View QuestionWhich economic concept is described as “the next best alternative foregone”?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhat does the term “elasticity of demand” measure?
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