Consider the following statements about ‘Rules of Origin’ : 1. Rules of Origin are the criteria needed to determine the national source of a product. 2. Rules of Origin help the custom agencies to know what regulations and fees apply to a given product. 3. These are used for the purpose of trade statistics. 4. Their importance is derived from the fact that duties and restrictions in several cases depend upon the sources of imports. Which of the above statements are correct?

With reference to Trade-Related Investment Measures (TRIMs), which of the following statements is/are correct? 1. Quantitative restrictions on imports by foreign investors are prohibited. 2. They app…

Consider the following statements : 1. India has ratified the Trade Facilitation Agreement (TFA) of WTO. 2. TFA is a part of WTO’s Bali Ministerial Package of 2013. 3. TFA came into force in January…

Consider the following statements: 1. WTO uses the factors of trade and the level of economic development of a country as the criteria for making a distinction between a developed and a developing co…

Consider the following statements regarding Indian Planning : 1. The Second Five-Year Plan emphasized on the establishment of heavy industries. 2. The Third Five-Year Plan introduced the concept of i…

Read the following statements about Supply Chain Resilience Initiative (SCRI) : 1. In the context of International trade, supply chain resilience is an approach that helps a country to ensure uninter…