Q48) Consider the following statements
1. WTO works according to “one member one vote” principle
2.India is the eighth largest contributor to IMF
Identify the incorrect statement/s
a) 1 only
b) Both
c) 2 only
Q33. With reference to principles of multilateral trading system by WTO, consider the following statements:
1. Principle of "Most-favoured-nation (MFN)" means that a member country is allowed to extend a special favour to its trading partner without extending it to the other members of WTO.
2. Principle of "national treatment" means Imported and locally-produced goods should be treated equally.
3. Charging customs duty on an import is a violation of national treatment.
Which of the above statement(s) is/are correct?
Union Cabinet approved Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO).Consider the following statements:
1. India is the 1st country to give nod to the agreement that seeks to ease customs procedures to boost commerce.
2. The TFA shall enter into force for the notified members (107 countries) upon acceptance by one-third WTO Members.
3. National Committee on Trade Facilitation (NCTF) will facilitate both domestic coordination and implementation of the provisions of the Agreement.
Which of the above statements are incorrect?
Consider the following statements:
A. India is World’s second largest remittance recipient according to the World Bank.
B. Singapore replaced Mauritius as top source of FDI into India.
Which of the statements given above is/are incorrect?
Consider the following statements about demography of India:
Which of the above statements is/are incorrect
Both 1 and 2
2 only
Neither 1 nor 2
1 only