SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Consider the following statements:
    1. Food Security law may push India's Minimum Support Price (MSP) above WTO limits
    2. Agreement on Trade Facilitation will lead to a decrease in India's exports. Select the correct statements using the codes given below:

    A)  1 only

    B)  2 only

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: A

    Solution :

    [a] Food Security Law may push India's minimum support prices above WTO limits, but interim mechanism provides safeguards till WTO rules are corrected. The Trade Facilitation Agreement will help lower transaction cost significantly and provide higher market access.   

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