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 a “repo rate”?
View QuestionWhich of the following measures is most effective in controlling inflation?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhat is the primary purpose of Special Economic Zones (SEZs)?
View QuestionWhat is the term for goods that are used together, such as cars and fuel?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat is the main function of the Reserve Bank of India (RBI)?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhat is meant by “stagflation”?
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