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Which combination of the following is correct with regard to World Trade Organization (WTO) :<br>1. WTO initiates peace process among the member countries to enhance international trade.<br>2. WTO avoids the task of "Settlement of Disputes" among the member countries.<br>3. WTO administers the "Trade Review Mechanism".<br>4. WTO cooperates in an appropriate manner with the IMF and the World Bank.<br>
A
2, 3, and 4
B
1 and 3
C
3 and 4
D
1, 2 and 4
Correct Answer:
3 and 4
Which combination of the following is correct with regard to World Trade Organisation (WTO)?
1. WTO initiates peace process among the member countries to enhance international trade.
2. WTO avoids the task of 'Settlement of Disputes' among the member countries.
3. WTO administers the 'Trade Review Mechanism'.
4. WTO cooperates in an appropriate manner with the IMF and the World Bank.
A
2, 3 and 4
B
Both 1 and 3
C
Both 3 and 4
D
1, 2 and 3
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. Which of the following nation is keen to fortify its interest on WTO platform?
A
USA
B
Japan
C
Russia
D
India
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. Which of the following is the most successful segments of the WTO mentioned in the passage?
A
Dispute redressal mechanism
B
Intellectual Property Rights
C
Reviewer of government\u2019s trade policies.
D
Agreement on trade in services.
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. According to the passage, which of the following statement is NOT true?
A
11th\WTO conference was held at Nairobi
B
India\u2019s take on food security programme in the WTO conference was positive
C
US is termed as the world\u2019s largest economy
D
US is involved directly in half of the cases brought to WTO
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. Why was the WTOs 11th binennial ministerial conference worrisome?
A
Denial of states quo.
B
Inability of negotiators to reach to substantive outcome for the problems.
C
Rift in the policies suggested by WTO on IPR.
D
Non-cooperation from Indian government on various matters.
Read the passage carefully and select the best answer to each question out of the given four alternatives. The conclusion of World Trade Organizations 11thbiennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss asstatus quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators toreach even one substantive outcome suggests that WTOs efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of tradethrough consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in Indias best interest. Perhaps the biggest threat to WTOs efficacy today is the attitude of the US. The worlds largest economy appears to have lost faith in the organisation and hasbegun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half ofall cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of tradeobstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock atWTO. India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers tobeneficiaries will be in sync with what developed countries do. But its important for India to enhance its efforts to reinvigorate WTO. In this context, Indias plan toorganise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of adiverse set of nations. Therefore, India should be at the forefront of moves to fortify it. What is the biggest threat to WTOs efficacy today?
A
India being not working in its best interest.
B
Lost of faith in WTO by US.
C
Negotiators of WTO are not decision takers.
D
WTO\u2019s lame attitude towards global trade.
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Indias motto has been Vasudeva Kutumbakam or that the whole world is _____ community. There are a _____ of pillars upon which Indias policy of living in peace with and _____ peace among nations of the world rests. Policies of non-alignment, peaceful co-existence, economic and cultural cooperation disarmament and peaceful _____ of nuclear energy, _____ of International disputes through negotiations and peaceful means are some of the salient features that give credence to Indias commitment to world peace. of living in peace with and _____ peace among nations of the world rests.
A
disturbing
B
allowing
C
generating
D
promoting
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Indias motto has been Vasudeva Kutumbakam or that the whole world is _____ community. There are a _____ of pillars upon which Indias policy of living in peace with and _____ peace among nations of the world rests. Policies of non-alignment, peaceful co-existence, economic and cultural cooperation disarmament and peaceful _____ of nuclear energy, _____ of International disputes through negotiations and peaceful means are some of the salient features that give credence to Indias commitment to world peace. _____ of International disputes through negotiations and peaceful means are some of the salient features
A
urge
B
\requirement
C
settlement
D
enactment
Statement I Trade policy review body is a forum for the entire membership to review the trade policiesof all WTO members.
Statement II The WTO administers the 'Trade Review Mechanism.'
A
Statement I is correct, but Statement II is incorrect
B
Statement II is correct, but Statement I is incorrect
C
Both statements are correct
D
Both statements are incorrect
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Indias motto has been Vasudeva Kutumbakam or that the whole world is _____ community. There are a _____ of pillars upon which Indias policy of living in peace with and _____ peace among nations of the world rests. Policies of non-alignment, peaceful co-existence, economic and cultural cooperation disarmament and peaceful _____ of nuclear energy, _____ of International disputes through negotiations and peaceful means are some of the salient features that give credence to Indias commitment to world peace. India's motto has been Vasudeva Kutumbakam or that the whole world is _____ community.
A
one
B
distinct
C
essential
D
significant