Indian army has published the notification for SSC Tech 56 men and SSC Tech 27 women for the course commencing at OTA Chennai from April 2021
The Generalized System of Preferences (GSP) is heard in the context of
World Bank
United Nations Environment Programme
World Trade Organization
International Monetary Fund
With reference to the Generalized System of Preferences (GSP), consider the following statements.
1) It is a system of exemption from the most favored nation principle (MFN) of WTO.
2) It is a provision in UNCTAD to digitize the trading system for improved access and efficiency.
Which of the above is/are correct?
1 only
2 only
Both 1 and 2
None
What do you understand by ‘protectionism’, a term often seen in newspapers?
Imposing trade restrictions to protect domestic industry
Entering into alliances with foreign militaries to safeguard one’s borders
Mandating military conscription for better defence capabilities
Protecting one’s citizen from influence of foreign cultures
Taking which of the following actions would render the system of flexible exchange rate in India dysfunctional and ineffective?
Dominance of Foreign Direct Investment (FDI) over Foreign Institutional Investment (FII)
Stopping Current Account Convertibility (CAC)
India shedding SDRs from the forex reserve
Increasing exports vis-à-vis imports
Which of the following is NOT a valid argument for advocating ‘free trade’ for a developing economy?
It results in more efficient allocation of resources internationally.
It improves competition and reduces domestic monopoly in goods and services.
It allows exporters to reap economies of scale.
It creates a level-playing field between developing and developed economies.
