Questions

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

Read the passage carefully and select the best answer to each question out of the given four alternatives.

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

Which of the following is the most successful segments of the WTO mentioned in the passage?

Choose the most appropriate answer:The Russian name of INS Vikramaditya is

Which bank became the third bank by the Reserve Bank of India into Domestic Systemically Important Banks (D-SIBs) list?

Ratio of real to nominal GNP

What was USA's rank in 2016 Human Development Index published by the United Nations Development Programme?

Who has the power to prorogue the Lok Sabha ?

Which of the following organ of the government refers to a smaller group of people who are responsible for implementing laws and running the government?

I. The Judiciary

II. The Executives

III. The Legislature