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.
Which of the following measures is most effective in controlling inflation?
View QuestionWhat is “fiscal stimulus”?
View QuestionWhich of the following is NOT an example of a direct tax?
View QuestionWhat is the significance of “Purchasing Power Parity” (PPP)?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhat is “open market operations” (OMO)?
View QuestionWhich of the following is an example of a non-renewable resource?
View QuestionWhat is meant by “credit rating”?
View QuestionWhat does “Laissez-faire” policy advocate?
View QuestionWhich is the largest source of tax revenue for the Government of India?
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