Prelims-IAS – ECONOMICS MCQ-38
1..Which of the following statements is/are correct about New Sustainable Development Agenda (SDG) adopted by United Nations?
- There are 169 Sustainable Development Goal as part of the Agenda.
- The goals are non-binding to the participatory nations.
- It covers climate related targets which are covered under UNFCC.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 only
(c) 2 and 3 only
(d) 1 and 3 only
2.. With reference to principles of multilateral trading system by WTO, consider the following statements:
- Principle of “Most-favoured-nation (MFN)” means that a member country is allowed to extend a special favour to its trading partner without extending it to the other members of WTO.
- Principle of “national treatment” means Imported and locally-produced goods should be treated equally.
- Charging customs duty on an import is a violation of national treatment.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
3.. Consider the following statements regarding Non-Violation Complaints (NVCs) at WTO:
- It enables WTO members to raise disputes against another member’s actions or policies, even if there is no violation of a WTO agreement.
- While NVCs are applicable to trade in goods and services, they are not applied to the TRIPS agreement.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
4..With reference to Anti-dumping duty, consider the following statements:
- It is levied on imported goods to offset export subsidies offered to producers in the exporting country.
- It is levied and administered by Ministry of Finance.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
5..Consider the following statements about United Nations Security Council (UNSC):
- It is charged with the maintenance of international peace and security.
- It consists of four permanent, veto- wielding members and ten non- permanent members.
- It is the only UN organ with the power to make decisions that member states are obligated to implement.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
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