Which of the following statements are correct in respect of Preferential Trade Agreements (PTAs):
- PTAs involve reducing tariffs on selected goods among participating countries, but do not cover all trade sectors.
- Unlike Free Trade Agreements, PTAs may not necessarily lead to complete elimination of trade barriers.
- India has signed PTAs with multiple countries as a step towards broader trade liberalisation
Select the answer using the code given below:
Consider the following statements:
Statement 1: The United Nations Convention on the Law of the Sea (UNCLOS) defines the rights and responsibilities of nations in their use of the world’s oceans.
Statement 2: UNCLOS establishes Exclusive Economic Zones (EEZs) extending up to 200 nautical miles from a country’s baseline, within which a state has special rights over marine resources.
Which one of the following is correct in respect of the above statements?
Consider the following statements:
Statement I: The Monetary Policy Committee (MPC) of the Reserve Bank of India is responsible for setting the policy repo rate to achieve the inflation target.
Statement II: The MPC comprises six members, three from the RBI and three nominated by the Government of India.
Statement III: The primary objective of the MPC is to maintain the stability of the Indian rupee in the foreign exchange market.
Which one of the following is correct in respect of the above statements?
The Representation of the People Act, 1950 applies to:
Consider the following statements:
- The ASEAN-India Trade in Goods Agreement (AITIGA) was signed in 2009 to liberalise and promote trade between ASEAN countries and India.
- Under AITIGA, both India and ASEAN countries have eliminated tariffs on all goods traded between them.
Which of the statements given above is/are correct?
Consider the following statements
Statement I: A tariff is essentially a tax on domestic consumers when they import goods from outside the country.
Statement II: When the US slaps a tariff of 50% on imports from India, US consumers find Indian imports 50% more costly.
Statement III: As prices go up, the demand for such goods falls, and US consumers will stop importing from India, choosing a cheaper alternative from some other country.
Which one of the following is correct in respect of the above statements?
Consider the following statements
- Article 5 of the NATO treaty ensures that if any NATO member is attacked, all other members will respond militarily.
- The BRICS New Development Bank (NDB) is headquartered in Shanghai and allows borrowing by non-BRICS countries.
- The Baltic nations are landlocked and share borders only with Russia and Belarus.
Which of the above statements is/are correct?
With reference to the Bonobos, consider the following statements
- Bonobos are distinguished from common chimpanzees by relatively long limbs, pinker lips and longer hair on their heads.
- Along with the common chimpanzee, the bonobo is the closest extant relative to humans.
Which of the statements given above are correct?
Which of the following statements is NOT CORRECT about Eco-sensitive Zones(ESZ)?
Consider the following statements
Statement I: Topra Kalan village is considered the original site of an Ashokan pillar inscribed with the Mauryan Emperor’s edicts.
Statement II: The pillar was relocated to Delhi in the 14th century by Sultan Firoz Shah Tughlaq.
Which of the following is correct?