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Prelims-IAS – ECONOMICS MCQ-38

1..Which of the following statements is/are correct about New Sustainable Development Agenda (SDG) adopted by United Nations?

  1. There are 169 Sustainable Development Goal as part of the Agenda.
  2. The goals are non-binding to the participatory nations.
  3. 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:

  1. 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.
  2. Principle of “national treatment” means Imported and locally-produced goods should be treated equally.
  3. 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

(c) 1 and 2 only
(d) 2 and 3 only

3.. Consider the following statements regarding Non-Violation Complaints (NVCs) at WTO:

  1. It enables WTO members to raise disputes against another member’s actions or policies, even if there is no violation of a WTO agreement.
  2. 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

(c) Both 1 and 2
(d) Neither 1 nor 2

4..With reference to Anti-dumping duty, consider the following statements:

  1. It is levied on imported goods to offset export subsidies offered to producers in the exporting country.
  2. 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):

  1. It is charged with the maintenance of international peace and security.
  2. It consists of four permanent, veto- wielding members and ten non- permanent members.
  3. 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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