Q. 11. Which one of the following statements regarding Trade Agreement is incorrect?
(A) In a Preferential Trade Agreement (PTA), two or more partners agree to reduce tariffs on agreed number of tariff lines.
(B) In a Free Trade Agreement (FTA), tariffs on items covering substantial bilateral trade are eliminated between the partner countries.
(C) While in a PTA there is a positive list of products on which duty is to be reduced; in an FTA there is a negative list on which duty is not reduced or eliminated.
(D) Compared to an FTA, PTAs are generally more ambitious in coverage of tariff lines (products) on which duty is to be reduced.
Answer:
Explanation:
Q. 12. The Trade Receivables Discounting System (TReDS) is an electronic platform introduced by the Reserve Bank of India for:
(A) Facilitating the financing of Micro, Small and Medium Enterprises (MSMEs).
(B) Streamlining the disinvestment target of the government.
(C) Facilitating the trade in foreign exchange market.
(D) Integrating the ‘mandis’ with electronic National Agriculture Market (eNAM).
Answer:
Explanation:
Q. 13. The term ‘New Arrangement to Borrow’ often seen in the news is related to
(A) New Development Bank
(B) Asian Development Bank
(C) International Monetary Fund
(D) International Bank for Reconstruction and Development
Answer:
Explanation:
Q. 14. Consider the following states of India:
1. Jharkhand; 2. Maharashtra; 3. Chhattisgarh; 4. Odisha; 5. Telangana; 6. West Bengal
Which of the above states are part of the crescent shaped region which is extremely rich in high grade iron ore, good quality coking coal and other supplementing raw materials for iron and steel industry?
(A) 1, 3, 4 and 6 only
(B) 1, 2 and 6 only
(C) 3, 4 and 5 only
(D) 1, 2, 3, 4, 5 and 6
Answer:
Explanation:
Q. 15. A new department called Diwan-i-Khairat was created to take care of orphans and widows under the reign of
(A) Firoz Tughlaq
(B) Akbar
(C) Alauddin Khalji
(D) Sher Shah
Answer:
Explanation: