Question
Which of the following is the highest decision making body in the World Trade Organisation?
Read the below passage and attempt the following questions (Q no 5 to 8). India is close to resolving its most contentious trade dispute, involving information communications technology (ICT) products, with its second largest trade partner, the European Union (EU), a senior government official said. This comes on the heels of India settling all seven trade disputes at the World Trade Organization (WTO) with its largest trade partner, the US. Brussels had dragged New Delhi to the WTO’s dispute settlement mechanism in 2019 challenging its levying of import duty on a wide range of ICT products including mobile phones and components, base stations, integrated circuits and optical instruments claiming that the duty was inconsistent with global trade norms and was hurting €600 million worth of its tech exports to India. The dispute assumes significance as it was feared to affect India’s efforts to boost electronic products manufacturing — a strategic sector in which India is trying to cut its reliance on China. An adverse final ruling could have also meant disruption of the flagship production-led incentive (PLI) scheme due to the rolling back of duties.
More Economic and Social Issues ESI Questions
- Which of the following is/are the determinants of MSP? (i) Cost of Production (ii) demand and supply (iii) price trend (iv) intercrop price parity (v)...
- Rural roads account for about more than _____ percent of share to total road network in the country ?
- Which of the following Statements about the Panchayat Raj Institutions is/are True? I- The 73rd Amendment added a new Part IX to the Constitution titled “T...
- Which of the following is not one of the beneficiaries of PMMSY?
- Which of the following statements correctly describes the purpose of the MyGov platform under the Digital India Mission?
- The Union Budget 2024-25 aims to address the housing needs of how many urban poor and middle-class families under the PM Awas Yojana Urban 2.0?
- Which of the following expenditure is not regarded as Capital Expenditure?
- If the cross-price elasticity of demand between two goods is negative, the goods are:
- How many products are included in the Wholesale Price Index (WPI)?
- Consider the following statements about PMAY(U): 1. Only nuclear families are eligible to avail benefits under PMAY(U). 2. The benefi...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)