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 is the main aim of the “Startup India” initiative?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhat does “inclusive banking” mean?
View QuestionWhat does “Laissez-faire” policy advocate?
View QuestionWhat is the meaning of “supply-side economics”?
View QuestionWhat does the “Human Development Index” measure?
View QuestionWhat is meant by the term “current account deficit”?
View QuestionWhich of the following is an example of fiscal policy?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
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