Professional Documents
Culture Documents
Date 05/05/2018
1. Trade Negotiation
2. Dispute Settlement
3. Building Trade Capacity
Choose the correct answer from the following code
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(B) Only 2 and 3
(C) Only 1
(D) All the above
Ans: (D)
Explanation:
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) None of the above
Ans: (A)
Explanation:
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3 Which of the following pair are correctly matched based on Agreement on
Agriculture of WTO:
(A) Only 1
(B) Only 1 and 3
(C) Only 2 and 3
(D) Only 1 and 2
Ans: (A)
Explanation:
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2 Amber Box II Subsidies that impact on market
price
3 Blue Box III Subsidies for direct Payment to
farmers to limit production
(A) Patent
(B) Copyright
(C) Trade Secret
(D) Trademarks
Ans : (C)
Explanation:
A trade secret is a formula, process, device, or other business information that companies
keep private to give them a business advantage over their competitors. Examples of trade
secrets include:
Soda formulas
Customer lists
Survey results
Computer algorithms
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Unlike the other types of intellectual property, you can't obtain protection by
registering your trade secret. Instead, protection lasts only as long as you take the
necessary steps to control disclosure and use of the information.
Businesses use nondisclosure agreements, restricted access to confidential information,
post-employment restrictive covenants, and other security practices to maintain trade
secrets.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) None of the above
Ans: (A)
Explanation:
Compulsory licenses are sovereign state authorizations which enable a third party to
make, use, or sell a patented product without the consent of the patent holder. Provisions
pertaining to compulsory licensing are provided for under both the Indian Patent Act,
1970, as well as the international legal agreement between all the member nations of
WTO – the TRIPS. In India, Chapter XVI of the Indian Patent Act, 1970 deals with
compulsory licensing while the conditions which need to be fulfilled for the grant of a
compulsory license are laid down under Sections 84 and 92 of the Act.
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1. Anti-Dumping duty is imposed to offset the price of import when producer or
exporter gets subsidy in their home country.
2. Countervailing duty is imposed when a firm is assessed to have sold its product
below the cost of production or below its market cost in home country to damage
the production in importing country.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) None of the above
Ans: (D)
Explanation:
(A) Only 1
(B) Only 2
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(C) Both 1 and 2
(D) None of the above
Ans: (A)
Explanation:
Ans: (B)
Explanation:
Mercosur was created in 1991 when Argentina, Brazil, Paraguay, and Uruguay signed
the Treaty of Asuncion, an accord calling for the “free movement of goods, services,
and factors of production between countries.”
1. Custom Union
2. Free Trade Area
3. Economic and Monetary union
4. Preferential Trade Area
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Choose the correct answer from the following code:
(A) 4<1<3<2
(B) 2<4<1<3
(c) 4<2<1<3
(D) 2<4<3<1
1. It is a free trade agreement (FTA) between ASEAN and Six FTA partners of ASEAN
2. RCEP will lead to lowering of tariffs for goods and services between the member
countries.
Ans: (C)
Explanation:
RCEP is a proposed FTA between 10 ASEAN countries and their six FTA partners, namely
Australia, China, India, Japan, South Korea and New Zealand.
Trade Relations and groups are based on the principal of lowering of trade barriers.
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(A) 1 and 2 only
(B) 1 and 3 only
(C) 2 and 3 only
(D) 1,2 and 3
Ans: (A)
Explanation:
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12 Which of the following cities is India’s first World Heritage City as declared by
UNESCO ?
(A) Varanasi
(B) Bodh Gaya
(C) Ahmedabad
(D) Delhi
Ans: (C)
Explanation:
More than 600 year old Walled City of Ahmedabad founded by Ahmed Shah has been
declared India’s first World Heritage City, recognising heritage value of the walled city’s
unique heritage. Ahmedabad’s nomination received huge support from around 20
countries, who lauded the peaceful co-existence of dominant Hindu, Islamic and Jain
communities in the Walled City area. Besides it architectural marvels of wooden havelis,
the world community also stressed on the fact that the city was the epicentre of non
violent freedom struggle that led to country’s independence from colonial rulers in 1947.
13 Which of the following pollutants are not considered in National air quality index:
1. Carbon dioxide
2. Arsenic
3. Ammonia
4. Lead
Ans: (A)
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Explanation:
It is published for every month by CPCB along with a numerical value and a colour code
which helps in comparing air pollution levels in cities. The AQI will consider eight
pollutants (PM10, PM2.5, NO2, SO2, CO, O3, NH3, and Pb) for which short-term (up to
24-hourly averaging period) National Ambient Air Quality Standards are prescribed.
Therefore Carbon dioxide and Arsenic are not part of it.
Ans: (B)
Explanation:
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Choose the correct answer from the following code:
Ans: (B)
Explanation:
Statement 1 is incorrect: FSI has been assessing the forest and tree resources of our
country on a biennial basis since 1987. The results of the assessment are published in its
biennial report titled India state of forest report .
Statement 2 is incorrect: It has revealed that total forest and tree cover in India has
increased of over 8,021 sq km (about 80.20 million hectare) which is one percent
increase from 2015 .
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